Rouble stabilization is boosting investor appetite for risk and Russia’s bond market. In the first half of the year companies issued bonds worth $11 billion, with distressed company offerings also getting attention.
65 years ago the dollar became the world’s de facto reserve currency at the Bretton Woods conference in New Hampshire. On the anniversary, uncertainty about the Dollar’s capacity to continue in the role is increasing.
Digital Sky Technologies has made headlines with its buy in to global networking phenomenon, Facebook. Business RT spoke with the CEO of DST, Yuri Milner, about the potential of networking in Russia and abroad.
Russian savers are enjoying high interest rates on bank deposits, while their global counterparts are getting virtually nothing. But the Central Bank is warning that, in some cases, this comes at a price.