Kremlin fears spark 10% slide in shares
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Russian shares on Thursday fell below their level at the beginning of the year as investors took flight at signs of government interference in private business.
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RBC, 14.09.2004, Moscow 16:47:50.News about Russian President Vladimir Putin&#39;s approval of Prime Minister Mikhail Fradkov&#39;s proposal to exchange a stake in Gazprom for Rosneft assets spurred an upward trend on the stock market, traders say.
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Indiaâs benchmark stock index dropped 4 percent in the first 10 minutes of trading and Hong Kongâs market slid 4.7 percent by midday.
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The State Department said Thursday it was disappointed with the way the Kremlin handled the purchase of Yukos oil assets, contending the action sends the wrong signal to foreign investors.
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Â· Markets braced for falls after Wall Street slump  Â· Period of slower growth sparks fears of trade war
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Shares in the bank plummet on fears that it is exposed to risky conduits.
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Krispy Kreme Doughnuts Inc., an investor favorite whose fortunes have soured in recent months, reported disappointing second-quarter earnings yesterday and saw its stock price drop by 10 percent.
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Interest rate fears add to jitters in financial markets.
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Fears about the possibility of a recession in the US economy send Asian shares falling.
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Shares fell Thursday, led by Yukos, which is facing $20 billion in outstanding tax claims.
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Fears of a US slowdown and mortgage market woes prompt a share slump in Europe, Asia and Wall Street.
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World stocks tumbled on Monday as fears gripped investors that a sliding U.S. economy would drag others down with it.
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Russia's top oil exporter, YUKOS, slid  closer to collapse after a mystery buyer bought its main  production unit in a forced auction and its crude oil shipments  started to slow.
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Russian oil company Yukos, with shares near all-time lows and its bosses in exile, warned last night it is being driven toward bankruptcy.
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The moment investors have been awaiting for years came unexpectedly Tuesday, when President Vladimir Putin backed plans to lift rules banning foreigners from buying local Gazprom shares.
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Global markets slump, with the UK having its worst day in almost nine months, on fears about Chinese investments.
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Europe's main stock markets suffered heavy falls as investors fretted over plummeting share prices in Shanghai, high oil prices and a suicide blast in Afghanistan, dealers said Tuesday.