-
Russia’s economy grew at the weakest pace since 2009 in the first quarter as the euro area’s longest recession hurt demand for commodity exports and investment at companies including OAO Gazprom cooled.
-
Nouriel Roubini is no clearer on whether Turkey’s central bank will cut borrowing costs tomorrow than economists or traders after a drop in the lira prompted investors to pare bets for a reduction in interest rates.
-
Turkey’s central bank lowered its benchmark interest rate today for the first time in 16 months to a record low in a bid to spur flagging economic growth and halt an appreciation of the lira.
-
The ruble dropped from a three-week high against the dollar as tensions between North and South Korea and the prospect of higher Chinese interest rates spurred investors to shun riskier assets.
-
Turkey’s trade deficit narrowed for an 11th consecutive month in September, as slowing growth hit demand for imports and gold exports continued to increase.
-
The ruble surged the most in almost 22 months against the euro and climbed to a one-year high versus its target basket on the first day of 2011 trading amid speculation local investors are repatriating funds on concern Europe’s debt crisis will worsen.
-
Russia’s central bank refrained from raising borrowing costs for an eighth month even as inflation accelerated, saying higher interbank rates were already subduing lending growth.
-
Foreign-exchange reserves at Turkey’s central bank surpassed $100 billion, the highest on record, helping policy makers limit swings in the currency and serving to underpin the world’s biggest bond rally.
-
Turkey’s inflation rate fell to the lowest level in 15 months in December as weak domestic demand countered the effect of record-low interest rates.
-
Russian inflation probably quickened last month from a record low to the fastest pace since January as food costs increased, a survey of economists showed.
Rate this Page