Rand plunges in early trade in emerging market rout

2018-08-13 08:04

The rand plunged against the dollar in early trade as it continued to be dragged lower by the Turkish lira and Russian rouble.

Rouble falls most in emerging markets

2016-02-24 15:30

The rouble has weakened the most in emerging markets after Iran called a plan by Russia and Saudi Arabia to freeze oil production "ridiculous".

Russian rouble plumbs new depths against dollar

2016-01-21 14:29

Russia's rouble has continued to plummet to new record lows against the dollar, tumbling by over 4% beyond 85 to the greenback on falling oil prices.

Putin welcomes rouble rebound

2015-04-16 13:00

President Vladimir Putin has welcomed the rouble’s rebound even as Russia heads into its first recession in six years after a plunge in oil prices.

Russians contact Putin over mortgages

2015-02-09 13:45

Russians with foreign-currency mortgages have written an open letter to President Vladimir Putin seeking help with repayments that have soared.

Russian prosecutors told to monitor food prices

2015-01-12 14:45

Russian prosecutors must monitor the price of fuel, food and medicine and act if wages or benefits are delayed, the head of President Vladimir Putin's administration says.

Russia scales up Trust Bank bailout

2014-12-29 11:45

Russian authorities have significantly scaled up rescue funds for mid-sized lender Trust Bank, saying they would provide up to $2.4bn in loans.

Russia keeping a close eye on currency trading

2014-12-23 17:51

The central bank has sent supervisors to monitor currency trading at major Russian banks amid a plunging rouble, sources say.

Defending rouble costs Russia $400bn

2014-12-19 15:15

Defending the rouble has cost Russia $80bn this year and while the slide has only been slowed, it looks all right by any yardstick of whether reserves are adequate.

Putin: Russia will overcome 'perfect storm'

2014-12-19 07:52

President Vladimir Putin has assured Russians the economy will rebound after the rouble's dramatic slide, but offers no remedy for a deepening financial crisis.


Rouble hits 17-month high vs dollar

2016-12-12 14:45

The ruble has hit its highest level in 17 months against the dollar as oil prices surged following a landmark deal by Russia and other non-Opec producers to joined in capping output.

Rouble erases gains after Russian oil-output freeze disappoints

2016-02-16 12:11

The Russian rouble has erased gains after an agreement with Saudi Arabia to freeze oil output fell short of expectations the countries would agree to a cut to boost prices.

Swiss winemakers toast Russian crisis

2015-04-16 15:00

For Swiss winemakers, a drop in the rouble has opened up new possibilities for a Russian venture they once doubted would get off the ground.

Rouble slump: From Russia, with no love

2015-04-06 16:00

The rouble's sharp decline is exacting a toll on Southeast Asian tourism as Russians think twice about doubling their budgets for their next beach holiday.

Russians flock to St Moritz despite rouble crisis

2015-01-18 22:00

Switzerland's poshest ski resort Saint Moritz boasts stunning snow-laden peaks, iconic hotels ... and Russians.

Russian economy suffers first major contraction

2014-12-29 15:45

Russia's economy has shrunk sharply and the rouble resumed its slide as Western sanctions and a slump in oil prices combined to inflict the first contraction.

Russia to help exporters as S&P mulls junk rating

2014-12-24 12:30

Russia's central bank has offered to help top exporters refinance heavy foreign debts next year.

Informal capital controls arrest rouble's slide

2014-12-23 14:57

The Russian rouble has hit its highest levels in two weeks, shored up by informal capital control measures designed to head off a repeat of the galloping inflation.

Rouble crisis sparks run on Belarus currency

2014-12-19 14:36

Belarussians have reacted with panic to the rouble's plunge, rushing to buy foreign notes as they fear a devaluation of their own currency.

Cees Bruggemans: As Russia disappears down a sinkhole, what’s Putin’s next move?

2014-12-18 15:24

It has been known for some time that Russian banks and corporates will not be able to refinance in Western debts markets any time soon their outstanding foreign currency debts of some $600bn.

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