Search Results for: President Vladimir Putin
Falling oil prices: How are countries being affected?
January 19th, 2016
Oil prices have fallen to their lowest level since 2003, sinking below $28 a barrel before recovering slightly on Monday. Analysts say the drop has been driven by oversupply, coupled with a fall in demand because of a slowdown ...
Oil price briefly falls below $30 a barrel
January 14th, 2016
Oil prices have briefly fallen below $30 a barrel on international markets for the first time since April 2004, before recovering again. Brent crude, used as an international benchmark, fell as low as $29.96, but bounced back to trade ...
Ruble Drops to 2015 Low on Year-End Budget Flows as Oil Tumbles
December 29th, 2015
Russian currency slides past 72 per dollar as oil drops Finance Ministry seen boosting budget spending before new year The ruble fell to its weakest level this year as oil resumed declines and investors speculated a traditional pick up ...
Deutsche Bank Tally of Suspect Russia Trades Said at $10 Billion
December 22nd, 2015
Beyond mirror trades, $4 billion in transactions were flagged Regulators said to have received review results in September Deutsche Bank AG has identified as much as $4 billion in suspicious transactions related to its Russian operations, in addition to ...
Russian central bank issues new payment cards to take on Visa and MasterCard
December 21st, 2015
Thirty-five Russian banks have agreed to participate in the launch of a new national payments card intended to challenge the dominance of Visa and MasterCard. So far, seven of the banks have tested the basic functions of the new’ ...
U.S. money laundering probe into Deutsche Moscow unit widens: FT
October 26th, 2015
U.S. regulators are expanding their probe into Deutsche Bank AG (DBKGn.DE)(DB.N) as a money laundering investigation of a Moscow unit has widened into possible sanctions violations, the Financial Times reported, citing sources. Read more on Money Laundering: 1) Introduction to ...
$50 Oil for 15 Years Isn’t What Scares Bank of Russia Governor
October 15th, 2015
Slow pace of economic overhaul is bigger worry for Nabiullina Russia remains hamstrung by corruption, weak institutions Fifteen years of oil at $50 a barrel isn’t the worst nightmare for Russian central bank Governor Elvira Nabiullina. “What worries me ...
Russia’s Fist Just Clenched Around the Internet a Little Tighter
September 2nd, 2015
A new Russian law imposes restrictions on foreign Internet firms. It’s a feeling locals already know all too well. Global Internet firms operating in Russia wake up on Tuesday to a new era in Kremlin regulation. A law now ...
Top Stories of the day June 29
June 29th, 2015
News of the day are around Greek crisis and what is the next day. Trading firms are on alert regarding currency volatility where National Bank of Switzerland confirmed that intervened in markets. 1. In wake of MPs approving plebiscite, ...
Russia Confirms Tax Rate Freeze
June 29th, 2015
Affirming commitments made last year, Russia’s President, Vladimir Putin, has stated that tax rates will be frozen for the next four years. Putin has indicated that he wants to offer greater support to new and growing businesses. He stated ...
