Thursday, October 23, 2014   

Moscow markets in turmoil, rouble dives to new low
(03-03 14:32)

Russian stock markets opened down at least 6 percent and the rouble plunged to historic new lows as investors panicked over the Kremlin's plan for military intervention in Ukraine.
Moscow's MICEX bourse fell 5.89 percent in early trading while the other main Russian market, the RTS, fell 7.08 percent. Meanwhile the rouble lost its value to trade at 50 roubles to the euro – a level never seen before – and 36.85 roubles to the US dollar, also a historic low.
Meanwhile, Russia's central bank unexpectedly raised interest rates to 7 percent from 5.5 percent.—AFP
   
Other Business breaking news:
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Hang Seng down by break (50 mins ago)
Nikkei weak by break (1 hr 57 mins ago)
Takata shares drop on report of US air bag probe (1 hr 58 mins ago)
China manufacturing sector grows faster in October: survey (2 hrs 1 min ago)
Sk Hynix logs all-time high Q3 earnings (2 hrs 1 min ago)
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Heineken Q3 sales dip, but toasts 2014 outlook (10-22 18:38)
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