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. Last Updated: 07/27/2016


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Medvedev Denies a Liquidity Crisis

President Dmitry Medvedev assured the country’s top business lobby on Monday that the government would provide liquidity to the banking sector but failed to lift plunging markets and insisted that Russia was not facing a credit crisis.

Nervous Investors Rattled by Lehman

The markets took another hit Monday as grim economic news from the United States and a fall in crude oil prices sent banking and energy shares tumbling once again, after they had staged something of a recovery on Friday.

Aeroflot Looks to Bolster Image After Crash

Aeroflot is considering an image-building campaign to win back passengers’ trust after a deadly weekend crash ended its spotless 14-year safety record.

S7 Makes Austrian Short List

Lufthansa, Air France-KLM and S7 were shortlisted for buying a stake in Austrian Airlines, Austrian newspaper Die Presse reported Monday.

Prices Drop For Cheaper Apartments

The Moscow Times
Prices for new apartments in Moscow in the standard and economy classes fell in August from the previous month, even as the overall cost the sector rose 4.1 percent, Miel Analytical Consulting Center said in a statement Monday.

Polnord Looks for Growth In Russia

Polish developer Polnord wants to boost gross profit by at least half next year as it taps Russia for growth to offset the weak local housing market, chief executive Wojciech Ciurzynski said Thursday.

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