"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "


Chinese premier Wen Jiabao 12th March 2009


""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."


Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Friday, April 14, 2006

LUKoil gets Investment Grade status

Vagit Alekperov's LUKoil became the 2nd nonstate Russian company to receive an investment-grade debt rating from Fitch Ratings, joining mining company Norilsk Nickel.

Fitch rated LUKoil's long-term debt BBB-, the lowest investment grade, Fitch said in a statement Thursday the same as Norilsk and one step below the government and state-run Russian Railways, or RZD.

Inside story today in the Times today how Conoco got 7.5% interest in LUKoil.

at 4/14/2006 11:12:00 pm

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