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Russia’s President Resigns while the Nations Stock

Russia's stock market soared into the new millennium 17.8% on Friday after the news broke. Boris Yeltsin has handed over the throne to a younger more energetic Vladimir Putin. This was a 15-month high for the market as investors saw hope for a stronger economy in Russia. Russian American Depositary Receipts were up, as were many telecommunications companiies, including Golden Telecom (GLDN). Click on the link above for the full story.

Thu, 16 Mar 2000 07:36:16 -0800