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Reuters first with Russia axing VTB share buyback idea, shares fall 05.13.2009 Reuters beat competitors by 10 minutes with comments from a Russia Finance Ministry official that the state was unlikely to approve a share buyback by Russia`s No.2 bank, VTB. The story sent the shares of VTB down 8 percent and triggered a broader market sell off. Rumours about the buy-back had been behind a 10-day rally of VTB shares and have also supported the broader Russian stock market. Reuters Firsts will need at least flash player 9 to give you the full experience. The latest Flash player can be downloaded here	firsts across any industry Commodities & Energy Energy, metals, agricultural and environmental markets FX & Money Markets Macroeconomics, monetary policy, FX and money markets Politics & Risk Politics and political risk Equity & Derivatives Companies, sectors, M&A and the financial industry Fixed Income Sovereign and corporate debt, credit, and ratings firsts by region Americas View stories from this region Europe / Middle East / Africa View stories from this region Asia View stories from this region Emerging Markets View stories from this region

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Companies, sectors, M&A and the financial industry

Reuters first with Russia axing VTB share buyback idea, shares fall

05.13.2009

Reuters beat competitors by 10 minutes with comments from a Russia Finance Ministry official that the state was unlikely to approve a share buyback by Russia`s No.2 bank, VTB. The story sent the shares of VTB down 8 percent and triggered a broader market sell off. Rumours about the buy-back had been behind a 10-day rally of VTB shares and have also supported the broader Russian stock market.

Reuters Firsts will need at least flash player 9 to give you the full experience. The latest Flash player can be downloaded here