Russian internet company Mail.ru cut its full-year revenue growth forecast on Friday, blaming a more challenging economic and political environment and sending its shares tumbling. Russia's economy grew 0.8 percent in the second quarter, according to preliminary data that was flattered by one-off factors, and analysts say the country could slip into recession in the second half of 2014 because of western sanctions over Ukraine. Mail.ru, controlled by Russia's richest man Alisher Usmanov, now expects full-year revenue will grow by between 14 and 18 percent, down from a previous forecast range of 22 to 24 percent. It recorded a slowdown in revenue growth in the second quarter to about 19 percent from 25 percent in the first. Read More http://ift.tt/1vqfY4R
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