Today in Russian Business – Oct 15, 2008

It is expected that a slowdown in growth across the board in all sectors, and particularly for finance specialists, will lead to severe job losses. This report indicates that emerging market stocks, including Russia’s, have fallen harder in the last few weeks then US and Western European stocks, but the Moscow Times is focusing on good news in the short term. An Icelandic delegation, in Moscow to begin negotiations on a loan, has received ‘an excellent reception’. Rusal has reportedly ‘lashed out’ at Vladimir Potanin for selling $600 million in assets to a unit of mining giant Norilsk Nickel.