Urgent reform prompted by stock slide

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RUSSIA - The government has announced reforms to the way pension funds, insurance companies and state financial institutions can invest in the markets after two days of central bourse closures left the Russian economy reeling.

Following dramatic falls on the Russian MICEX stock exchange and RTS index on Monday, which wiped almost 17% and 11% off their values, regulators were forced to suspend trading on Tuesday and Wedne...

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