Saturday, November 29, 2014   

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:
US shoppers go in for the kill on 'Black Friday' (11-28 17:07)
European stocks open mixed (11-28 16:46)
EU gives time to rule-breaking France, Italy on budget (11-28 16:44)
Hang Seng ends flat (11-28 16:42)
Hang Seng dips in morning session (11-28 12:10)
Nikkei up by break (11-28 12:09)
Lackluster Japan data paints gloomy picture for Abenomics (11-28 11:40)
OPEC move to keep oil output target sparks price slump (11-28 11:33)
German labor market unfazed by economic weakness (11-27 18:52)
China Internet giants in tit-for-tat battle for users (11-27 18:28)

More breaking news >>

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