Monday, October 5, 2015   

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:
US stocks tumble on weak jobs report (10-02 21:52)
France's Total gets Iran gas station license (10-02 21:50)
Air France to shed 2,900 jobs (10-02 21:34)
US hirings slow in September (10-02 21:33)
European benchmarks jump (10-02 20:06)
Finance chiefs head to Lima to take stock of economic woes (10-02 18:40)
Hang Seng bounces by 3pc at close (10-02 17:24)
European stocks extend rally (10-02 16:28)
Nikkei closes flat (10-02 14:39)
Hang Seng rallies (10-02 13:25)

More breaking news >>

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