Search Results for: Central Bank of Russia
Central banks buying up gold to diversify away from US dollar
May 12th, 2016
The demand for gold has renewed worldwide with the price for the precious metal climbing to nearly $1300 per ounce for the first time in 15 months. The rally has been led by the world’s central banks loading up ...
Bank of Russia informs regarding revocation of a banking licence
April 15th, 2016
Due to the non-compliance by the Rostov-on-Don-based credit institution Joint-Stock Commercial Bank Stella-Bank, joint-stock company, or JSC JSCB Stella-Bank with federal banking laws and Bank of Russia regulations, repeated violations within a year of the requirements of Bank of Russia regulations issued in accordance with the Federal Law ‘On ...
Blockchain won’t kill banks: Brock Pierce
April 12th, 2016
Blockchain – the technology that underpins the cryptocurrency bitcoin – is unlikely to kill banks despite warnings from top industry executives, the chair of a bitcoin non-profit organization told CNBC on Monday. Last week, Andrey Sharov, a vice president ...
Russia ranks 5th for number of cryptocurrency users
February 29th, 2016
The four countries ahead of Russia are the United States, where 1.2 mln people uses Bitcoin, followed by China — 355,000 people, the third place is occupied by Germany — 250,000 users Russia ranked 5th in the world for ...
The five fears stalking the global banking industry
February 10th, 2016
China, emerging markets, the eurozone, oil and commodities all pose a threat to the banking sector this year Banking shares have come under pressure this week as investors express fears that the sector will be badly hit by a global ...
Asia markets trade lower, focus on oil, earnings and central banks
February 2nd, 2016
Asia markets closed mostly lower on Tuesday, weighed by declines in the energy sector as oil prices continued to tumble. Japan’s Nikkei 225 lost 114.55 points, or 0.64 percent, to close down at 17,750.68, while South Korea’s Kospi slipped ...
Russia holds key rate at 11% as economy lags
February 1st, 2016
Russia kept its interest rate steady on Friday but announced it wouldn’t rule out tightening monetary policy if inflation risks rise, after a month in which the ruble dropped to record lows as oil prices deteriorated. January marked a ...
Central Bank of Japan decided to adopt a negative interest rate policy
January 29th, 2016
The Bank of Japan (BOJ) has issued an announcement to inform that on its meeting held on January 29, the Policy Board decided to introduce “Quantitative and Qualitative Monetary Easing (QQE) with a Negative Interest Rate” in order to achieve the ...
Bank of Russia: On cancelling licences of professional securities market participant
January 27th, 2016
The Central Bank of Russia has issued an announcement to inform public and investors that: On 15 January 2016, the Bank of Russia took a decision to cancel licences of a professional securities market participant to carry out broker ...
Russian economy hit by oil price slide
January 25th, 2016
Russia’s economy contracted by 3.7% in 2015, according to preliminary figures published by the country’s statistics service. Retail sales plunged by 10% and capital investment fell by 8.4% in the economy’s worst performance since 2009. In contrast, Russian GDP ...
