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Yandex Adding Moscow to Nasdaq Listing in Win for Local Bourse

In the slowing Russian economy, the Internet industry has stood out as a rare source of growth.

So when the country’s two biggest Internet companies said last week that they’re looking to list shares on OAO Moscow Exchange, it marked one of the biggest victories yet for the local bourse in its bid to pry Russian equity trading away from London and New York. The companies, Yandex NV and Group Ltd., have until now only had their stock trade overseas.