Vladimir Putin won election as President of Russia, but his party, United Russia, lost support at the polls. Opposition to Mr. Putin was expressed by the millions of Russians who voted for the Communists.
In other news, the assistant Chinese foreign minister has reiterated China’s insistence that it cannot bail out the Eurozone. She said that management of China’s foreign currency reserves should be in accord with the principles of “safety, liquidity and proper profitability.”
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