The Rush To Russia

Despite economic woes and murky data, global investors are pouring in. Is the bubble set to burst?

Viktor M. Borovsky traveled halfway around the globe to savor one very sweet moment. Standing on the balcony of the New York Stock Exchange on the morning of Jan. 26, the Siberian utility executive beamed as the name of his company, Irkutskenergo, flashed by on an electronic ticker.

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