Russian ruble rebounds slightly after record plunge
Russia scrambled Wednesday to halt a run on the ruble, selling billions of reserves to prop up the currency in the worst economic crisis of President Vladimir Putin`s 15 years in power.
Dec 17, 2014, 13:18 PM IST
Russia hikes key rate to 17% after record ruble tumble
The Russian central bank early Tuesday announced a dramatic hike of its key interest rate from 10.5 to 17 percent after the ruble plunged to a fresh record low.
Dec 16, 2014, 09:49 AM IST
Russia`s central bank hikes rate as ruble plummets
The rate hike from 9.5 percent to 10.5 percent was the second since late October, and the bank said further raises will follow "in case of further aggravation of inflation risks."
Dec 11, 2014, 19:16 PM IST
World Bank lowers Russia's economic forecast as ruble falls
The World Bank announced a gloomier economic forecast for Russia on Tuesday as the ruble fell despite the central bank saying it had spent billions last week to prop it up.
Dec 09, 2014, 23:15 PM IST
China deal sends shares to one-month high
London/New York: A landmark deal to give global investors easier access to China`s $3.9 trillion stock market helped lift world share markets to their highest level in more than a month on Monday.
Wall Street edged higher, taking major averages further into record territory as quarterly earnings season comes to a close.
In Russia, tough talk from President Vladimir Putin and a move by the central bank to abandon rules-based currency intervention sent the ruble soaring.
Nov 11, 2014, 01:25 AM IST
