Search Results for: Bank of Russia
Egypt’s new central bank chief faces bitter pill of currency devaluation or IMF aid
November 19th, 2015
Spare a kind thought for the travails that Tarek Amer, the newly appointed governor of Egypt’s central bank, will be facing when he formally takes up his post on November 27. He could have had no illusions how disastrous ...
Putin: BRICS Bank & AIIB to strengthen global financial system
November 19th, 2015
The BRICS New Development Bank and China’s Asian Infrastructure Investment Bank will contribute to the strengthening and stability of the global financial system, according to Russian President Vladimir Putin. “Russia is actively participating in the work of the new ...
How the Unshackled Ruble Has Changed Russia’s Economy Forever
November 10th, 2015
The weaker currency has hit consumers hard but helped oil producers Today marks the one-year anniversary of the freeing of the ruble for the first time in its post-Soviet history. In five charts, we show how the central bank’s ...
Foreign Investors Complain About Russia’s Unpredictable Laws
October 21st, 2015
Unpredictable lawmaking is undermining Russia‘s ability to attract foreign investors, the Foreign Investment Advisory Council (FIAC) — a group of the biggest foreign companies working in Russia — told Prime Minister Dmitry Medvedev on Monday. A report by financial services ...
Oil Market Showdown: Can Russia Outlast The Saudis?
October 19th, 2015
“Two men enter, one man leaves, two men enter, one man leaves, two men enter…” Oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. This decision set crude prices on ...
Russian companies are preparing to withdraw from London Stock Market
October 12th, 2015
Eurasia Drilling, Uralkali, Polyus mull value of foreign stock More may seek to delist as share values slide: BCS’s Chuyko Russian expansionism is going into reverse, at least on the London stock market. Three of Russia’s major commodity-related companies ...
Why Are The IMF, The UN, The BIS And Citibank All Warning That An Economic Crisis Could Be Imminent?
October 9th, 2015
The warnings are getting louder. Is anybody listening? For months, I have been documenting on my website how the global financial system is absolutely primed for a crisis, and now some of the most important financial institutions in the ...
Gold Gains on Shifting Rate Views, Central-Bank Buying
October 8th, 2015
Weaker dollar also benefits bullion prices Gold prices crept higher Wednesday, with investors continuing to bet that the U.S. Federal Reserve will delay raising interest rates as other central banks stocked up on the precious metal. Gold for December ...
Crude prices steady in Asian trade, Russia mulls oil talks
October 6th, 2015
Crude oil held steady in Asia on Tuesday, following big gains in the previous session after Russia signaled it was prepared to discuss the global oil market with other big producers. Brent crude LCOc1, the global crude benchmark, edged ...
Russia Planning to Criminalize Bitcoin Activities
September 24th, 2015
The debate whether Bitcoin should be banned in Russia is once again picking momentum. According to a report of Interfax, the Russian government lately approached the regulators with its plan to criminalize the use and issuance of Bitcoin under ...
