Business Watch
Russia's stock market, which has not participated much in the post-2009 global bull market, may be ready to join the party. Global investors have been bidding up one laggard stock sector or national market after another, including that of troubled Spain. Often what happens after the easy and obvious choices have been identified after a major global shock occurs, such as that of 2008-9, is that value-oriented investors look around for any ignored opportunities. This article puts forth a set of reasons why in this context, Russia's stock markets may soon see a revaluation upward. Russia may have been changing for the better, at least economically.
OAO RusHydro (HYDR), Russia’s biggest renewable energy producer, has proposed creating a holding company to modernize water and sewage systems.
Gavriil Yushvayev, a former owner of Russia’s Wimm-Bill-Dann, and OAO Uralkali investor Zelimkhan Mutsoyev agreed to buy Mikhail Prokhorov’s stake in Polyus Gold International Ltd. (PGIL), said two people with knowledge of the plan.
The Dow Chemical Company, DowAksa Advanced Composites Holdings B.V., Rusnano, and Holding Company Composite (HCC) signed a memorandum of intent (MOI) on Friday to develop a strategy to launch production of carbon fiber intermediates, composite materials, and solutions in Russia, Rusnano said.
Uzbekistan will set up a special industrial zone with tax and customs concessions by the end of March 2013, local media reported on Tuesday.
The world’s number two arms exporter, Russia, said Jan. 21 it had sold a record $15.2 billion (11.4 billion euros) in weaponry last year while expanding its list of clients to more African nations.