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Russia's Economy Slows In November 5 Dec 2009 | 01:21 am
As doubts grow that in the post Dubai world Russia's central bank will be able to sustain a great deal of momentum in its ongoing programme of interest rate reductions, we learn this week that the pac...
Are Russia's Consumers Getting "Carried Away" With Themselves? 23 Nov 2009 | 05:24 am
“Cutting rates by 50 basis points here and there is not going really diminish the appeal of the ruble,” said Manik Narain, an emerging markets strategist at Standard Chartered Bank Plc in London. “In ...
Bank Rossii Eases Further As Russia's Economy Contracts At A Record Rate 15 Aug 2009 | 12:07 pm
Russia’s central bank this week lowered its main interest rates for the seventh time since April 24 - lowering the refinancing rate a further quarter percentage point. The decision came hard on the he...
Russia's Contraction Eases But Knife-edge Risks Remain For 2010 15 Jul 2009 | 04:05 am
The Russian ruble strengthened the most in more than three months against the dollar this morning (gaining 1.7 percent to 32.2247 per dollar at one point) as oil rebounded above $60 a barrel and OAO S...
Facebook Links 20 Jun 2009 | 10:28 pm
Quietly clicking my way through Bloomberg last Sunday afternoon, I came across this: Facebook Members Register Names at 550 a Second Facebook Inc., the world’s largest social-networking site, said m...
The New Orthodoxy Is Upon Us 26 May 2009 | 07:35 pm
We seem to be witnessing the arrival of some kind of new financial orthodoxy. The IMF put it like this in the Hungary Standby Loan Report (which by chance I was reading last night): In emerging marke...
The Russian Government Forecasts A Possible 8% GDP Contraction For 2009 20 May 2009 | 08:17 pm
Of course, with all these large negative numbers doing the rounds at the moment, we are all in danger of going rapidly dizzy, but some pieces of data still have the power to shock, like this morning's...
Russia's Economy Contracts By 7% In Q1 2009 7 Apr 2009 | 06:49 pm
According to Deputy Economic Development Minister Andrei Klepach last week, Russia's economy shrank by 7 percent year on year in the first quarter of 2009, a staggering turnaround for an economy which...
Russian Manufacturing Contracts More Slowly In March 2 Apr 2009 | 02:03 am
Russian manufacturing contracted at the slowest pace for five months in March as companies reduced their stocks of unsold goods and the decline in new business eased, according to the latest PMI repor...
Russia's Contraction Slows In February 17 Mar 2009 | 06:26 pm
News from Russia's crisis stricken economy has certainly been a lot less dramatic of late, but even as Finance Minister Alexei Kudrin seeks to reassure us that everything is coming back under control ...
