The son of US presidential candidate Mitt Romney visited Moscow this week, writes The New York Times. One of the candidate’s five sons, Matthew Romney, allegedly was looking for Russian investors for his Excel Trust company, which owns shopping centers in the United States, and convinced that President Romney was not as tough on Russia as he said.
American media continues to entertain the world with the staging of “US presidential election.” According to The New York Times, in Moscow, the son of a presidential candidate probed the situation in the Russian capital and assured “people close to Putin who can retell their conversation to the president,” that his father, despite tough rhetoric in his election campaign, wants a good relationship with By Russia.
The publication reports that Matthew Romney is looking for investors in Russia for his trust, which allocates 90% of taxable income to dividends.
“There are great opportunities around the world: people are looking for where to invest their money,” says Greg Davis, vice president of Excel Trust. “Now all trips are of an overview nature, we are looking to see if the market exists, is it configured to invest in Excel.” Continue reading
Over the past month, investment funds focused on Russia withdrew about $ 150 million from the country. It is noted that the outflow for the last week of October amounted to $ 63 million. This is almost twice the figure of the previous week, when $ 32 million was withdrawn by investment funds.
Experts also predict a further continuation of the outflow of capital for at least the next two years. The transaction between Rosneft and TNK-BP, contrary to expectations, could not prevent the withdrawal of funds from the Russian Federation. Recall that on October 22, Rosneft announced the takeover of TNK-BP, which makes it the largest oil company in the world.
According to Vedomosti with reference to the EPFR, there are many reasons for this situation. However, among them three main ones can be distinguished. The first such reason is the high dependence of the Russian economy on fluctuations in oil prices, which greatly increases the risks of investors. The connection of capital outflows with unfavorable trends in the oil and gas sector seems natural. But a number of experts rightly point out the fact that no lasting correlation between the increase in the cost of oil and capital inflows has been observed in recent years. Continue reading
On Tuesday, the Association of Russian Banks presented its updated Internet portal, which significantly expanded the capabilities of customers in the field of interaction with domestic credit organizations. Now users, in particular, will be able to seek help from the financial ombudsman online and receive extracts from their credit histories.
According to the concept voiced by ARB representatives at the last press conference, the association is important not so much economic as the social orientation of banks. Therefore, the ARB has taken a number of actions aimed at ensuring that citizens can more efficiently build their work with credit organizations. So, for example, the financial ombudsman has his own online office.
This institution arose in the Russian Federation under the auspices of the ARB on October 1, 2010. The financial ombudsman is the sole body for out-of-court settlement of disputes arising between banks and their customers. Continue reading