Sunday, October 26, 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:
China and 20 other countries sign up to regional bank (10-24 18:00)
Britain says EU is asking for bigger contribution (10-24 17:49)
British economy grows slower in Q3 (10-24 17:00)
Firm in China's first bond default to be restructured (10-24 16:59)
Hang Seng closes lower (10-24 16:22)
Pearson reports sliding sales (10-24 16:22)
European stocks fall at open (10-24 16:05)
BASF says won't meet 2015 targets (10-24 16:04)
ECB to unveil results of eurozone bank health check (10-24 16:04)
German consumer confidence stops falling: survey (10-24 15:59)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.