By John Helmer in Moscow Suleiman Kerimov is selling Polyus Gold shares in a bid to raise cash. The market signal triggered a price decline for the Moscow and London-listed share (PGML:LN) of 5% this week through Thursday. A Moscow brokerage is predicting that the selloff may cut the price by 10%. The chain of […]
By John Helmer in Moscow Confucius say – why buy a treasure from a man, if you can wait for him to lose it. The turmoil now affecting Oleg Deripaska’s United Company Rusal has become a critical test of the difference between the Russian and Chinese approach to resource concessions and national company value. […]
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