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By John Helmer in Moscow Russian business is child’s play, and very forgiving too, if you are big enough to pay for your mistakes. That’s why Alexei Mordashov is smiling in the picture, taken in Prime Minister Vladimir Putin’s office on December 4. Mordashov is the owner of the second most heavily indebted steelmaking group […]

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Step-1, believe me, I have no money Step-2, you drop your money in my hand Step-3, I wave goodbye and sail on my way By John Helmer in Moscow Far Eastern Shipping Company (Fesco), the listed Russian dry-cargo fleet operator controlled by Sergei Generalov (left image), says it has run into a debt refinancing problem […]

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Relayed by John Helmer in Moscow Question for Toby: has the Hong Kong Stock Exchange rejected the share listing application by United Company Rusal? Toby’s answer: Affirmative grunt. For at least two months the Hong Kong Stock Exchange and its listing division, and in parallel the state regulator, the Securities and Futures Commission (SFC) have […]

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A D V E R T O R I A L   AND IF YOU LIKE IT ENOUGH, MAYBE I’LL SELL IT TO YOU

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By John Helmer in Moscow A public statement by Deputy Prime Minister Alexei Kudrin, which he then corrected a few hours later, confirms what Russia’s rival oligarch groups, including those seeking Rusal’s bankruptcy, have believed for many weeks. Oleg Deripaska, controlling shareholder of United Company Rusal, has given up control of his shares to Russian […]

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By John Helmer in Moscow Sad to say, there is no magic in capitalism. If there were, it would have been entertaining to watch how Polyus Gold, Russia’s leading goldminer, suddenly snapped a losing streak on Friday, and rocketed upward with a 4% share price gain in Moscow (MICEX rouble exchange), 7% on the London […]

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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 […]

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By John Helmer in Moscow   This report is powered by kryptonite! Be an Interactive Investigator! Call in if you have news on Superboy’s latest deal! Add your leads to the record of his business acumen!