European leaders fear disaster if they allow the Greek government to renege on its debt and drop the euro. But that outcome may not be as bad as it seems. The experience of Russia suggests that what looks like catastrophe before the event can be something very different after it.
Investing in Russia is the cheapest way to profit from Asian growth as the region consumes oil and gas from the world’s largest energy exporter, said Roland Nash , chief investment strategist at Verno Capital.
Roland Nash , managing director and chief strategist of Renaissance Capital Ltd., is leaving the Moscow-based investment bank to join Verno Capital, a recently set-up investment fund, the Financial Times reported, citing Nash and Renaissance Capital.
Mikhail Prokhorov , Russia’s third- richest man, may be planning to seek the presidency on a pro- business ticket as President Dmitry Medvedev and Prime Minister Vladimir Putin delay a decision on which of them will run.
Outgoing President Dmitry Medvedev ordered a review of guilty verdicts against Mikhail Khodorkovsky, once Russia’s wealthiest man, as Prime Minister Vladimir Putin celebrated winning a new six-year Kremlin term.
Vladimir Putin risks reigniting the unrest that gripped Russia last year as opponents accuse him of backtracking on pledges to make the political process more democratic, investors from Frankfurt to Moscow said.
Russian stocks declined for the first week in three on concern President-elect Vladimir Putin’s new government won’t undertake changes necessary to reform the economy amid signs the global recovery is slowing.
Russian spy Anna Chapman, expelled from the U.S. last year, is starting a new career in venture capitalism as she allies with Prime Minister Vladimir Putin to lure technology investment to the country.