Search Results for: Ruble
The tiny broker who won on the Swiss Franc shock
March 25th, 2015
Some of the big guys lost on the Swiss franc. Turns out, one of the little guys won. While the likes of Citigroup Inc. and Saxo Bank A/S got stung when Switzerland abruptly let the franc soar in mid-January, ...
Predicting the Future With Russia’s Economic Nostradamus, Mikhail Dmitriyev
March 19th, 2015
Mikhail Dmitriyev, president of the New Economic Growth consultancy, is often described as “Russia’s top brain.” He studied in Leningrad in the ’80s and took part in economics discussion clubs with the people who transformed Russia into a market economy, including Anatoly Chubais, the architect of Russia’s privatization ...
Russia Deposit Fight Sees Foreign Banks Seeking New Clients
March 19th, 2015
Oksana Semenikhina, a customer of Citigroup Inc.’s Russian unit for the past decade, got an offer from the lender this year that she couldn’t pass up. “They offered to open a ruble term deposit for me at 9 percent ...
The Central Bank of Russia Press release regarding Key Rate
March 13th, 2015
On 13 March 2015, the Bank of Russia Board of Directors decided to reduce the key rate from 15.00 to 14.00 percent per annum taking into account that the balance of risks is still shifted towards a more significant cooling of the economy. This decision will contribute to the reduction of these ...
Botched Law Could Close Hundreds of Foreign Firms’ Rep Offices in Russia
March 11th, 2015
Representative and branch offices of foreign companies working in Russia are in a race against time to re-register with the authorities or lose their license to operate in the country. The re-registration was intended to streamline bureaucracy for foreign firms, but organizational failures and lack of proper warning have left companies scrambling ...
Strongest Dollar in 12 Years Sinks Stocks While Oil Slips
March 11th, 2015
The strongest dollar in nearly 12 years versus the euro and the specter of higher U.S. interest rates fueled a selloff in global equities that sent the Standard & Poor’s 500 Index down the most since Jan. 5. Oil ...
Internal and External Risks to the Cyprus Economy
February 20th, 2015
Despite the tragic events of March 2013, Cyprus economy has showed resilience and the country was able to return back to stability and regain some of the lost confidence from international markets and investors rather quickly, which is necessary ...
Alpari-Forex: Improved Conditions for Investing in Structured Products
February 13th, 2015
Alpari is improving its conditions for investing in structured products which are nominated in USD. Use current market conditions to your advantage! Returns have been upped on Eurobonds for Russian companies. Their use as a fixed-return instrument has significantly ...
Russian Central Bank Defends Its Independence After Surprise Rate Cut
February 2nd, 2015
Ruble Slides Lower Against the Dollar The Bank of Russia has defended its independence after Friday’s surprise cut in interest rates raised concerns about the influence of the Kremlin, industrialists and bankers over the central bank’s policy. Amid complaints ...
Bank of Russia released on key rate
January 30th, 2015
Bank of Russia issued today a notice informing that: On 30 January 2015, the Bank of Russia Board of Directors decided to reduce the key rate from 17.00 to 15.00 percent per annum due to the shift in the ...
