Russian equities have taken a dive in the last month due to a drop in oil prices and the unpleasantness in Georgia. Investors are scared that the tiff in Georgia and the US placement of a missile defense shield in Poland will reignite, or refreeze rather, the cold war hostilities ...
If you just read the headlines of articles that many major market sites are putting out you would probably think that the Russian Anti-Monopoly Service’s ruling was a negative thing for steelmaker Mechel. From Bloomberg “Mechel Told to Cut Prices Considerably After Probe” , from Reuters “Russia Punishes Mechel with ...
Today the Vedomosti newspaper reported that Mechel and the Russian Anti-Monopoly Service had agreed that Mechel should cut its domestic coking coal prices by 8% and would take a fine of 7 or 8 % of revenue (Coking coal only accounts for 8% of Mechel’s revenue).
So now to the question ...
