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By John Helmer, Moscow This is the Bangsamoro banana, and somebody is slipping on it. On April 4 two young business partners, a Russian named Lev Dengov and a Turkmen, Merdan Gurbanov, with no known source of capital or past business record, signed an agreement to invest almost $600 million in the Bangsamoro region of […]

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By John Helmer, Moscow When India, one of Russia’s largest and longest-serving allies, was attacked by Pakistan in Kashmir since mid-February, the Kremlin sent condolences, expressed hope for a “prompt settlement”, and authorized Foreign Minister Sergei Lavrov to offer to mediate between the ally and its enemy.  “Russia is ready to offer a negotiating platform […]

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By John Helmer, Moscow Insiders at the Russian aluminium monopoly Rusal say that chief executive and control shareholder Oleg Deripaska has been miscalculating the effect of share price surges Rusal has enjoyed on the Hong Kong Stock Exchange in recent weeks. That’s because the share price gains have been quickly reversed – and because Rusal’s […]

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By John Helmer, Moscow General Vo Nguyen Giap has died in Hanoi, aged 102. There has been no general of his quality and achievement in modern times. He defeated the French and the Americans, and in two separate wars drove them as decisively out of Vietnam as Kutuzov drove Napoleon out of Russia. Giap, his […]

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By John Helmer, Moscow The share price of United Company Rusal, the state-controlled Russian aluminium monopoly, lost 3% in value in Hong Kong Stock Exchange trading on Monday on news that Barry Cheung, a prominent Hong Kong businessman, had resigned from the Rusal board as his own business collapsed, and that he was the target […]

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By John Helmer, Moscow Roman Abramovich (left) landed in Hong Kong on Tuesday afternoon. Abramovich is an influential shareholder in Norilsk Nickel, Russia’s largest mining and metals company, on whose dividends the loss-making United Company Rusal now depends to stay out of the red. Rusal is the Russian aluminium monopoly, but Hong Kong is home […]

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Hong Kong May 17, 2013: 0850 Dear Mr. Helmer: I have no wish to comment on whatever article you wished to write, but since you have put it to me and I have to disagree with you in many of the statements made, in particular:

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By John Helmer, Moscow So far Elsie Leung Oi-Se has been paid $632,000 by United Company Rusal to listen attentively, read carefully, and speak her mind at meetings of the main board of directors, and also the audit committee of the board. Rusal titles her an independent non-executive director. She is one of five of […]

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By John Helmer, Moscow It’s not a good time to be a steelmaker — not if you are in Russia, not if you are in China, and certainly not if you are in the US or the European Union. But if mining manganese, the vital steel-hardening alloy, is what you do for a living, the […]

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By John Helmer, Moscow In Russian, it’s called шило в жопе; literally, a bootmaker’s awl in the arse. In New York Yiddish, it’s shpilkes in tukhas, which is a bit gentler because the sharp instrument in the posterior is a needle. The meaning, in general and in the Japanese case, is a case of self-induced […]