Mar 12, 2014
The Financial Mirror
Rouble devaluation positive for some, neutral for others
The effects on the credit profiles of Moody's rated Russian corporates would be positive to neutral under the scenario of a sustained 10% drop in the rouble to around RUB 36.5 per US dollar from RUB 33.2 at the start of 2014, Moody's Investors Service said in a special comment on Wednesday.
Steel Joins Russian Love of Shopping Online as Sales Jump
Russians have embraced online commerce with orders of music, movies and jeans. Now, add to the shopping list items like pipes and rolled coil from the country's biggest steel producers.
Phosagro's 31-Year-Old CEO Seeks to Make Mark by Giving Up India
OAO Phosagro's new Chief Executive Officer Andrey Guryev said, "There is no better motivation for a CEO than being a co-owner or participate in profit distribution."