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Tuesday, January 25, 2011

Suicide Bombing at Moscow Airport Kills at Least 31....

The 30-stock Micex Index closed down 1.5 percent after falling as much as 2.4 percent, its steepest intraday decline since July 30. The ruble was 0.4 percent stronger against the dollar at 29.8250 at the 5 p.m. close of trading. Russia’s dollar bonds due 2020 climbed, pushing the yield 5 basis points lower to 4.992 percent.

Central bank Chairman Sergey Ignatiev told reporters in Moscow that “nothing will happen to the ruble or the banking system” as a result of the attack.

Domodedovo moved a record 22.3 million passengers last year, making it the busiest air hub in eastern Europe. It services 75 airlines and handles more than 600 flights a day. Deutsche Lufthansa AG was among airlines that cancelled flights in and out of Domodedovo indefinitely.

The airport’s security was breached in 2004, when terrorists bribed their way through security checks to board two passenger planes, which they subsequently brought down, killing all 90 people on board. The attacks were claimed by Islamist militants.

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