Cuba plans big tax breaks to lure foreign investors

(Reuters) - Cuba's communist government has drawn up a new foreign investment law that will cut the profits tax in half and exempt investors from paying it for eight years in an attempt to attract desperately needed capital into the economy.

Funds That Pioneered Russia Quit Moscow as Investors Curb Risk

Third Millennium Russia (TMRFX) fund and Vostok Nafta (VNIL), two of the oldest equity funds investing in Russia, are exiting investments in Moscow as the European debt crisis causes investors to curtail risk.