Saturday, August 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:
Jetstar Hong Kong sells 3 aircraft as it awaits approval (08-22 18:48)
Hang Seng ends higher (08-22 16:27)
Nikkei ends lower (08-22 15:06)
Hang Seng up by break (08-22 12:30)
Nikkei flat by break (08-22 10:42)
Nikkei opens higher (08-22 10:24)
Hong Kong stocks open higher (08-22 10:23)
UK state borrowing halves in July: official data (08-21 18:24)
HK price level rises faster in July (08-21 18:18)
Eurozone economy still in timid recovery: survey (08-21 18:06)

More breaking news >>

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