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Oil drop plus sanctions sends Russia ruble into free fall

2014-12-17 12:18:43| Auto Dealers - Topix.net

Despite the Russian central bank's extraordinary move to defend the currency, the ruble's value continued to slide on Tuesday, presenting President Vladimir Putin with an acute new set of political and economic challenges. Scenes that Russians hoped had receded into the past reappeared on the streets.

Tags: free fall oil drop

 

Ruble sinks to 80 a dollar defying surprise Russia rate increase

2014-12-17 02:47:25| Appliances - Topix.net

The ruble plunged to 80 a dollar for the first time as investors speculated Russia will announce capital controls after the largest interest-rate increase in 16 years failed to revive confidence in the currency. The ruble sank as much as 19 percent to 80.10, before trading at 78 at 3:14 p.m. in Moscow.

Tags: rate increase russia dollar

 
 

CME: How is Russia Affecting the US Markets?

2014-12-17 01:00:00| ThePigSite - Industry News

US - One of the top stories in business news today (16, December) is the implosion of the Russian rouble, making this a good time to review some of the macro factors impacting livestock markets at the moment.

Tags: us russia markets affecting

 

Belarus Suspends Export of Non-Heat-Treated Pork to Russia

2014-12-16 01:00:00| ThePigSite - Industry News

BELARUS - Belarus has made a decision to temporarily suspend export of non-heat-treated pork products to Russia, Director of the Veterinary and Food Oversight Department of the Belarusian Agriculture and Food Ministry Vasily Pivovar told BelTA.

Tags: export russia belarus pork

 

Russia raises interest rate to 17%

2014-12-16 00:08:25| BBC News | Business | UK Edition

The Russian central bank announces a huge rise in its key interest rate - to 17% from 10.5% - to try to stem the rouble's fall.

Tags: rate interest russia raises

 

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