Russian industry minister says favours state support to Mechel
MOSCOW, March 17
MOSCOW, March 17 (Reuters) - Russian Industry Minister Denis Manturov said on Monday he favoured the idea of providing state support to indebted coal and steel group Mechel.
"It makes no sense in bankrupting Mechel today," Manturov told reporters in Moscow. "It will be far more effective to provide state support." (Reporting by Svetlana Burmistrova; Writing by Polina Devitt, editing by Elizabeth Piper)
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.