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Warning: trigger_error(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/themoney/public_html/includes/database.mysql.inc on line 135

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Warning: trigger_error(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/themoney/public_html/includes/database.mysql.inc on line 135

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World Bank: Russian expectations too high | The Money Times

Money Matters - Simplified

World Bank: Russian expectations too high

Moscow -- A World Bank economist in Moscow said Russia should downgrade its expectations about becoming a top-shelf financial hub.

Economist Lucio Vinhas de Souza said Thursday that foreign investors were focused on investments in Brazil, India and China, despite the diverse economy Russia has to offer, RIA Novosti reported.

He said Russia should focus on its role as a regional financial center, not as a global center.

The primary allure of investments in Brazil, India and China -- the three others in the so-called emerging BRIC countries -- a market acronym that includes Russia -- was the growth potential far outstrips Russia's, he said.

Copyright 2010 United Press International, Inc. (UPI).

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Warning: trigger_error(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/themoney/public_html/includes/database.mysql.inc on line 135

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