Russia Traders Lose to Cows as Winter Hits Moscow Market
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Russian Prime Minister Dmitry Medvedev’s efforts to give his citizens a better night’s sleep and ease stress for the nation’s farm animals are undermining his push to make Moscow a global financial center.
Trading of Micex Index stocks has dropped 15 percent in Moscow since Oct. 28, when London rolled back its clocks by one hour for daylight savings and Russia left its time unchanged, according to data compiled by Bloomberg. Turnover in 10 Russian companies with London listings rose 19 percent in the U.K. capital, Europe’s financial hub.