Friday, March 27, 2015   

Russia backed rouble with US$11.3b
(03-05 15:23)

Russia sold a record US$11.3 billion in foreign currency to support the rouble on March 3, the so called “Black Monday'' when the currency came under unprecedented pressure due to concerns about conflict in Ukraine, central bank data show.
The Russian central bank sold foreign currency to buy rubles and prevent the Russian currency from falling further, after the market reacted with panic to parliamentary approval for President Vladimir Putin's request to allow military action in Ukraine.—AFP
   
Other Business breaking news:
PetroChina profit falls to lowest in five years (03-26 18:31)
China banking giant ICBC says 2014 net profit rose 5pc (03-26 18:01)
Toyota rolls out shared-parts strategy to chop costs (03-26 17:40)
Eurozone loans to private sector still contracting: ECB (03-26 17:40)
European stocks slide at open (03-26 16:47)
Weaker euro boosts Easyjet earnings (03-26 16:18)
Hang Seng ends lower (03-26 16:17)
'Grexit' not an option: Greek central bank (03-26 16:01)
Hainan Airlines eyes 30-plane Boeing order (03-26 15:55)
French 2014 public deficit cut to 4 percent: data (03-26 15:32)

More breaking news >>

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