Argentina, banished from international capital markets since its 2002 default, has suspended Procter & Gamble operations after accusing the manufacturer of tax fraud last Sunday, according to the Wall Street Journal. “The Argentine government claims to have suspended P&G’s operations under the…
Threat of Eurozone Crisis Spillover Weakens the Ruble
Trend The ruble is depreciating against the dollar as markets anticipate Russia will run a deficit in 2012. We expect the Russian government to intervene in the foreign exchange market in Q1 2012, but a significant decline in oil prices…
Russia’s Protests: Higher Volatility, New Opportunities Await Multinationals
The popular protests following the latest Duma elections revealed a fundamental shift in Russian popular opinion which has been forming for over a year now: as Russians realize that the economic prosperity of the pre-crisis 2000s is slowly but surely…
Russian ruble taps two-year low on Kremlin shift
From MarketWatch The Russian ruble fell to a more than two-year low versus the U.S. dollar Monday, under pressure after the nation’s Finance Minister Alexei Kudrin resigned over a policy dispute with President Dmitry Medvedev. Kudrin resigned Monday as Russia’s…