Thursday, May 28, 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:
Hang Seng dips, Shanghai up (05-27 16:20)
European stocks up at open (05-27 15:37)
Strong domestic demand propels German consumer outlook to new high (05-27 14:29)
Nikkei closes on positive note (05-27 14:27)
Yunnan Water climbs at mid-day break (05-27 13:12)
Greenback near eight-year high against yen (05-27 12:47)
Organized crime suspected in US tax data theft (05-27 12:43)
Hang Seng slips at break (05-27 12:12)
China coal output falls in first 4 months of year (05-27 11:55)
Oil prices rebound in Asia (05-27 11:51)

More breaking news >>

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