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and these people led by Putin tried to threaten the whole of Europe and the United States )
Crisis-Struck Russian Stocks Now Worth Less Than Microsoft
As of Dec. 14, the total capitalization of Russian locally traded companies was $384.9 billion. Microsoft's current market value is $386.6 billion.
This is the second time the Russian market's worth has sunk below a single foreign multinational — in November U.S. tech firm Apple's capitalization stood at $652 billion to the Russian market's then $531 billion. <...>
With the Russian economy close to recession and the ruble currency continuing a tailspin devaluation that has wiped 20 percent off its value to the U.S. dollar in the past two days alone, the Russian market looks set to fall behind oil firm Exxon Mobil ($366.7 billion), conglomerate Berkshire Hathaway ($360.3 billion) and Internet major Google ($352.7 billion).
Read more at The Moscow Times
( See picture )
Crisis-Struck Russian Stocks Now Worth Less Than Microsoft
As of Dec. 14, the total capitalization of Russian locally traded companies was $384.9 billion. Microsoft's current market value is $386.6 billion.
This is the second time the Russian market's worth has sunk below a single foreign multinational — in November U.S. tech firm Apple's capitalization stood at $652 billion to the Russian market's then $531 billion. <...>
With the Russian economy close to recession and the ruble currency continuing a tailspin devaluation that has wiped 20 percent off its value to the U.S. dollar in the past two days alone, the Russian market looks set to fall behind oil firm Exxon Mobil ($366.7 billion), conglomerate Berkshire Hathaway ($360.3 billion) and Internet major Google ($352.7 billion).
Read more at The Moscow Times
( See picture )
