Search Results for: Russian
What now for Putin after EU tightens Russia sanctions?
December 22nd, 2014
The pressure on the rouble has eased a bit, so the Russian president will just keep on sticking two fingers up until something gives. There is no sign of a détente in the new Cold War between Russia and ...
China’s Hopu Among Investors in Xiaomi
December 22nd, 2014
Chinese private-equity firm Hopu Investment Management Co. is among the consortium of investors putting a total of just over $1 billion into Xiaomi Corp. in a deal valuing the smartphone maker at over $45 billion, according to a person ...
Statement of the National Bank of Ukraine on the legal status of Bitcoin
December 19th, 2014
Ukraine’s local chapter of the Bitcoin Foundation has spoken out against a recent statement by the central bank concerning the legal status of bitcoin in the country. In a document issued last month, the National Bank of Ukraine (NBU) ...
Putin predicts rouble recovery and blames ‘external factors’
December 18th, 2014
Russian President Vladimir Putin says the country’s uncertain economic situation has been provoked by “external factors”, and believes it may take two years for the country to return to growth. Making an annual address in Moscow, he said he ...
Russia’s economic crisis: five key charts
December 18th, 2014
Russia and its president, Vladimir Putin, have been left out in the economic wilderness as sanctions imposed by the west, a tanking oil price, and plunging rouble take their toll. Here are five key charts. Growth in Russia is ...
Who Are the Winners of Russia’s Ruble Meltdown?
December 18th, 2014
The Russian ruble‘s spectacular falls this year have been relentlessly portrayed as bad news. But with the ruble now down some 45 percent against the U.S. dollar since January, are there no winners? Companies that produce in Russia but sell abroad are bound ...
A Full-Blown Economic Crisis Has Erupted In Russia
December 17th, 2014
The 8th largest economy on the entire planet is in a state of turmoil right now. The shocking collapse of the price of oil has hit a lot of countries really hard, but very few nations are as dependent ...
Brent below $60: Prepare for ‘dramatic’ investment cuts
December 16th, 2014
Brent crude prices fell below $60 per barrel for the first time since July 2009 on Tuesday, prompting analysts to warn of a “dramatic” cut in investment – which could hit future supply. Brent for January delivery was trading ...
Russia’s ruble rout rattles emerging markets
December 16th, 2014
Russia’s currency rout has sent a shudder through global markets and the sell-off is spreading to other emerging markets. The Russian ruble plunged about 12% Monday, while the Indonesian rupiah fell to its lowest level since the 1997 Asian ...
Yen Gauge Rises to Five-Week High on Haven Bid; Rupiah Declines
December 16th, 2014
A gauge of the yen climbed to a five-week high as investors sought a haven after crude oil slumped and Russia raised interest rates. Australia’s dollar touched the lowest level in more than four years against the greenback after ...
