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
European cities may still be feeling the pinch of the global recession.
more »
The EBRD Board of Directors has approved a $50 million convertible loan to Petrolinvest to finance the completion of exploration works at the company’s main oilfields.
more »
The European Commission welcomes the adoption today at the United Nations in Geneva of the first international regulation on safety of both fully electric and hybrid cars.
more »
Bloomberg has today announced that Lithuania had the outlook on its credit rating raised by Fitch Ratings after the Government implemented an austerity program to curb the budget deficit.
more »
In January 2010, compared with December 2009, the highest increase in retail trade in the EU-27 Member States was observed in Lithuania.
more »
Three thousand former car, refrigerator and construction workers in Germany and Lithuania will get €7.6 million in EU globalisation adjustment fund aid for training, self-employment and job guidance after Parliament gave the green light on Tuesday.
more »
Some 80% of Europeans continue to travel for their holidays according to a new Eurobarometer survey on ‘The attitudes of Europeans towards tourism 2010’.
more »
The EU's internal market will be under scrutiny Tuesday when a series of reports will be debated by MEPs in Strasbourg.
more »
EU Employment and Social Affairs Ministers today agreed on a new facility to provide loans to people who have lost their jobs and want to start or further develop their own small business.
more »
Over €7.6 million in financial aid for training and self-employment could be available to former workers in German and Lithuanian if MEPs back the measures Tuesday.
more »