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Morgan Stanley oil trading deal off

Oil Barrels

Morgan Stanley and Rosneft said Monday that they were terminating the agreed sale of a large portion of Morgan Stanley’s oil trading business to the state-controlled Russian oil company.

Funds slammed by Russia

Vladimir Putin Wags Finger

The rapid fall of the ruble and stocks on the Moscow Exchange means even more pain for investment managers who have been trying to play Russia, virtually all unsuccessfully.

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