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Testimonials
"Congratulations to The Moscow Times from KPMG on your fifteenth anniversary. You are always readable, always interesting, always challenging. We sometimes don't agree with you – but you always make us think! The day would be the worse without you. Best wishes for many, many, more years constructive journalism."-Roger Munnings, Chairman and CEO, KPMG Russia/CIS Region Chairman KPMG Global Energy and Natural Resources Practice
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Business: RenCap Cuts RTS '08 Target to 2,350
Renaissance Capital on Monday slashed its year-end forecast for the benchmark RTS Index from 3,000 to 2,350 and increased its equity risk premium for the country from 4 percent to 5.5 percent in a sign of continued investor jitters.
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Saturday, August 30, 2008
Updated at 29 August 2008 0:13 Moscow Time
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