Ticker	Volume	Price	Price Delta
DJIA	15,303.10	+8.60	0.06%
S&P 500	1,649.60	-0.91	-0.06%
Nasdaq	3,459.14	-0.27	-0.01%

Ticker

Volume

Price

Price Delta

DJIA

15,303.10

+8.60

0.06%

S&P 500

1,649.60

-0.91

-0.06%

Nasdaq

3,459.14

-0.27

-0.01%

Ticker	Volume	Price	Price Delta
STOXX 50	2,764.29	-12.49	-0.45%
FTSE 100	6,654.34	-42.45	-0.63%
DAX	8,305.32	-46.66	-0.56%

Ticker

Volume

Price

Price Delta

STOXX 50

2,764.29

-12.49

-0.45%

FTSE 100

6,654.34

-42.45

-0.63%

DAX

8,305.32

-46.66

-0.56%

Ticker	Volume	Price	Price Delta
Nikkei	14,612.50	+128.47	0.89%
Hang Seng	22,618.70	-51.01	-0.23%
S&P/ASX 200	4,983.50	-78.95	-1.56%

Ticker

Volume

Price

Price Delta

Nikkei

14,612.50

+128.47

0.89%

Hang Seng

22,618.70

-51.01

-0.23%

S&P/ASX 200

4,983.50

-78.95

-1.56%

BREAKING NEWS

Final Score: Bayern Wins Champions League Title with 2-1 Defeat of Dortmund

Deripaska Seeks to Refinance Olympics Port Loan, Vedomosti Says

By Ilya Arkhipov - 2012-08-22T05:59:49Z

Russian billionaire Oleg Deripaska’s Basic Element is seeking to restructure a 3 billion-ruble ($94 million) loan from Vnesheconombank, Vedomosti said, citing unidentified bank and company officials.

The state-run development bank known as VEB issued the loan for construction of a port in the Sochi region for the 2014 Winter Olympics, which has handled only about 25 percent to 30 percent of planned volumes, the newspaper said.

If VEB doesn’t agree to restructure the loan, Deripaska’s company may face a technical default, Vedomosti said, citing a government official involved in preparations for the Olympics.

Basic Element’s press office confirmed the company has applied to restructure the debt and declined to comment further when called by Bloomberg News.

To contact the reporter on this story: Ilya Arkhipov in Moscow at iarkhipov@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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