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Buy Russian Oil and Cars Says Baring

Russias domestic economy is providing good growth opportunities especially in resources and automobile manufacturing, says Baring Asset Management.

Despite the conviction of ex-Yukos chief Mikhail Khodorkovsky, BAM believes that President Putins stated intention to reduce the statute of limitations on past privatisation deals from ten years to three years will substantially reduce the risk of new tax claims on Russian companies. This could reduce the equity risk premium for Russian companies.

BAM Russia fund manager Marina Akopian says: “We still see significant opportunities in Russian companies that have a global competitive advantage such as in the oil and gas and metals sector. Russian companies are increasing production and reserves at lower costs compared to global majors and are trading at excessive discounts to global majors, which we feel is unjustified.”


It’s my party and I’ll rhyme if I want to

Friends of Lifesearch’s Kevin Carr have been asked to get stanzas ready for his long-awaited 30th birthday next weekend. The protection expert has upped the ante for his birthday celebrations in a way only he is brave enough to endure. Dissatisfied with the usual drunken debauchery and silliness, Carr has opened himself up to abuse […]


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