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Russia is unlikely to change the structure of its reserves from dollars and euros even as currencies including the yuan gain more importance in regional trade, VTB Group Chief Executive Officer Andrei Kostin said.
By IRA IOSEBASHVILI MOSCOW —Russia's ruble hit yet another high against the dollar Wednesday, as the central bank struggled to stem the flow of speculative capital into the currency. The ruble has jumped by more than 26%...
Russia's central bank will probably cut its key interest rate a further half a point this year to a record low as the regulator tries to goad banks to lend more and to stem ruble gains that threaten an export recovery.
Vedomosti, No.211, November 9, 2009, p.A3 Russian authorities do not pursue a policy of purposeful strengthening of the ruble, which is growing after oil prices, and due to inflow of the capital - ruble exchange rate...
MOSCOW, Russia , November 5 /PRNewswire-FirstCall/ — CTC Media, Inc. ("CTC Media" or the "Company") (NASDAQ: CTCM), Russia's leading independent media company, today announced its unaudited consolidated financial results for...
MOSCOW, Nov. 5 (Xinhua) -- The Russian economy, which had been developing at high speed prior to the global financial turmoil and economic downturn, has suffered severe losses in the crisis. In order to inject anti-crisis fund...
MOSCOW — The Central Bank cut its key interest rates to record lows to boost lending, stem speculative inflows and help carry the commodity-reliant economy out of its worst slump since official records began more than a decade...
BUZZFLASH GUEST COMMENTARY by Nikolas Kozloff Last week, representatives of the Bolivarian Alternative of the Americas (known by its Spanish acronym ALBA) met in the Bolivian city of Cochabamba to discuss the future evolution...
MOSCOW — The ruble could surge back to its 2008 highs next year, reaching 23 against the dollar, if oil prices remain high and there is an influx of foreign investment, Deputy Economic Development Minister Andrei Klepach said...
RUSSIA - Cherkizovo Group, one of Russia’s leading integrated and diversified meat producers, saw a strong performance and improvement in margins despite the challenging economic conditions and lower consumer spending in the...
