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MOEX is out of the woods?

Moscow Exchange reported a 19% decline in net profit and 16% in EBITDA, BUT Fees and commissions  jumped 7.1% and their share in revenues increased...

Turkish Developer Makes $100 Million Game Financial Scam

Mehmet Aydin, developer of the $100 million video game at the center of a pyramid scheme investigation in Turkey, says he was first inspired by FarmVille.   via  Bloomberg Farm...

Indian regulator bars Price Waterhouse from auditing listed firms for 2 years

India's capital market regulator has barred #PriceWaterhouse from auditing listed companies for two years, after a probe into an accounting fraud case in a software...

Russia’s Break From a Recession Was Fleeting

After suffering its longest economic contraction this century, Russia may just have had the shortest recovery. via Bloomberg Russia probably suffered ‘technical recession,’ #JPMorgan says ...

Why the world has only two words for tea: te and cha

Tea if by sea, cha if by land via QUARTZ With a few minor exceptions, there are really only two ways to say “tea” in the...

Promsvyazbank slides beneath the waters of Russian banking

$3.4 BLN later #Promsvyazbank has become the latest of Russia’s private banking minnows to buckle after the CBR decided enough was enough on Friday.

Central Bank of Russia moves on O1 Properties

FC #Otkritie loan case brought by #CBR effectively takes control of Boris Mints’ #O1Properties. Court ruled on legality of FC Otkritie transaction converting secured...

Promsvyazbank: “the reports of my death may be greatly exaggerated”

The sentiment towards #Promsvyazbank just couldn't get any worse, but there is also scepticism about rumours of its imminent collapse. There appears to be an...

Gazprom may be split

says Gazprom’s fresh Eurobond prospectus. Long-term bad for #Gazprom, probably good for #Rosneft The risk section of Gazprom’s new EUR Eurobond prospectus contains...

Russian banking mess to make O1 sized hole in Mints?

Concerns are mounting over losses incurred by a Boris #Mints controlled pension fund which could leave #O1Properties in the firing line. Budushchee, one of Russia’s largest...