Deutsche Bank’s CEOs will still be allowed to show their faces at the St. Petersburg International Economic Forum, because German businessmen—familiar as they are with protecting their own abroad—don’t see any reason why imperial irredentism should get in the way of making money. But they’re gonna have a hard time finding other bank chiefs to have caviar fights with. Read more »
The Swiss have never let unprovoked aggression deter them from doing business with the aggressors, and this long, proud tradition of profiting at others’ expense continues. Plus, they’ve already given up enough lucrative endeavors at the behest of Washington. Read more »
Russia knows what you’re thinking: You’d like to make the currency of the world’s leading kleptocracy’s the next dollar or euro. But there’s something missing. It’s not the corruption or lawlessness or instability or dead lawyers. It’s just that you shouldn’t have to write out “ruble” over and over and over again.
Make that two jobs! Russian Regional Development Bank and “a consulting agency named Parness” have welcomed the libidinous former IMF chief with open arms. Read more »
Russia may have the kind of official corruption that would make a Sicilian blush, a fairly weak grasp on the rule of law, a pair of would-be czars trading its top two political posts and, now, more orphans than it can give away. It also may have a stock exchange worth as much as the big one with the columns down on Broad Street.
The Moscow Exchange is going public, and wants the share-buying public to pay between US$4 billion and US$4.6 billion for it. By contrast, the London Stock Exchange has a market cap of about US$5.3 billion, and the New York Stock Exchange is selling itself—and the stock markets in Amsterdam, Brussels, Lisbon and Paris, and the super-desirable Liffe futures exchange—for US$8.2 billion.
Of course, buying the Micex may be a bit riskier than buying NYSE Euronext, what with everyone’s favorite former KGB agent already weighing in. Read more »
The House Of Dougan has apparently said Do svidaniya to a handful of comrades. Read more »