The Russian stock market showed a tentative recovery on Tuesday, a day after a steep plunge prompted by the arrest and jailing of the head of the oil giant Yukos
Published:
29 October 2003 y., Wednesday
The Russian stock market showed a tentative recovery on Tuesday, a day after a steep plunge prompted by the arrest and jailing of the head of the oil giant Yukos and Prime Minister Mikhail Kasyanov called for steps to stabilize Russia's financial markets.
But one of the country's most prominent politicians warned the arrest of Mikhail Khodorkovsky could destroy investors' trust in Russia and an influential lawmaker called on the Prosecutor General's office to open an investigation of an oil company that is soon to merge with Yukos.
Khodorkovsky was jailed Saturday on charges of tax evasion, fraud and forgery. Many perceive the four-month investigation into Yukos oil and his other companies as an attack organized by some of President Vladimir Putin (news - web sites)'s associates to avenge the tycoon's political activities, including funding of opposition parties in the run-up to the Dec. 7 parliamentary elections.
Yukos shares and the Russian stock market closed higher on Tuesday, but the boosts did not offset the losses of Monday's trading. Yukos gained 3.3 percent after falling 15 percent a day earlier, and the benchmark RTS index rose 4.93 percent against Monday's 10-percent plunge.
Boris Nemtsov, a leader of the liberal Union of Right Forces party, suggested in a newspaper interview that severe damage had already been done.
Šaltinis:
story.news.yahoo.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Between 2000 and 2008 EU27 trade in goods with China more than tripled in value, with EU27 exports to China rising to 78 billion euro in 2008 compared with 26 bn in 2000, and imports rising to 248 bn from 75 bn.
more »
The first estimate for the euro area (EA16) trade balance with the rest of the world in March 2009 gave a 0.4 bn euro surplus, compared with -2.3 bn in March 2008.
more »
On May 18 this year, AB Bank SNORAS begins to distribute two emissions of one-year fixed interest bonds.
more »
Taking into account changes on international and domestic money markets AB DnB NORD Bankas, a member of international financial group, has changed time deposit rates for individual customers.
more »
The 25-year Sri Lankan civil war looks to be in its final throes.
more »
The sheer scale and nature of taxpayers' cash claimed as allowances by Britain's lawmakers has stunned the nation.
more »
The European Commission has decided to send a formal request to Lithuania regarding the award of a works contract by Lithuania Railways for the modernisation of the railway radio communication system through the introduction of a GSM-R system.
more »
The speed and depth of the financial crisis has been brutal and over the last year MEPs have been hard at work on a two-fold approach to the crisis.
more »
The Group commits to reducing its CO2 emissions by 30% by 2020 supporting the “20-20-20” goal set by the EU.
more »
This weekend, in the second round of Le Mans Series championship on SPA track, in Belgium, SNORAS Spyker Squadron team that participated there took the fifth high position.
more »