Wednesday, May 28, 2008

Bloomberg: credit crunch no just in US

Bloomberg.com: Exclusive

May 28 (Bloomberg) -- A relic from Russia's debt default a
decade ago is threatening the country's economic resurgence by
forcing more than 200 companies to increase the interest they pay
to as much as 16 percent.

With bond yields rising worldwide as the U.S. subprime
turmoil spreads, hedge funds and other investors in Russia are
demanding the higher rates or their money back.



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