Ruble collapse buffets Asian carmakers' big Russia bets
Asian carmakers who bet big on expanding in Russia face a test of their commitment to a market they once hoped was set to surpass Germany`s by size as the rouble plunges and auto sales skid.
Dec 17, 2014, 18:50 PM ISTRouble hits new lows as Russian rate hike fails to support
A sharp overnight rate hike failed to ease pressure on the rouble on Tuesday, as the market continued to test the central bank`s resolve to defend the currency and piled more pressure on Russia`s faltering economy.
Dec 16, 2014, 16:04 PM IST