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Keyword: ruble

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  • Russian Ruble Experienced Biggest One Day Fall Since 2016

    04/11/2018 4:50:41 AM PDT · by GoldenState_Rose · 1 replies
    The Moscow Times ^ | Apr 2018 | Reuters
    Russia's ruble experienced its biggest one-day fall for over two years on Monday and stocks in major Russian companies also slid, as investors reacted to a new round of U.S. sanctions targeting some of Russia's biggest tycoons. The impact of the new sanctions could threaten Russia's fragile economic recovery, which was only just beginning to take hold after the first major wave of sanctions against Russia, introduced in response to Moscow's annexation of Crimea in 2014. Shares of Russian Companies Tumble Following U.S. Sanctions Russia's currency plunged to its lowest level since November last year, trading at 60.24 to the...
  • 50 Richest Russians Lose Close to $12Bln After Latest U.S. Sanctions

    04/09/2018 5:12:07 PM PDT · by GoldenState_Rose · 7 replies
    Moscow Times ^ | April 9, 2018 | Reuters
    Russia’s 50 richest businessmen have reportedly lost close to $12 billion in the days after the United States imposed a new wave of sanctions... According to the Forbes magazine’s real-time ranking, metals tycoon Vladimir Potanin was the biggest total-value loser with $1.5 billion wiped out. Potanin, part-owner of Norilsk Nickel, was not targeted by the U.S. Treasury Department in its latest wave of sanctions. Fellow steel tycoon Oleg Deripaska, who has stakes in eight of the 15 entities hit with sanctions, followed with an estimated $1.3 billion erased from his $6.7 billion net worth. Deripaska led the list of Russians...
  • Vladimir Putin seeks to dump the dollar in regional trade

    09/02/2015 12:46:19 PM PDT · by Tolerance Sucks Rocks · 22 replies
    The Washington Times ^ | September 1, 2015 | David R. Sands
    Russian President Vladimir Putin has a new target in the revived cold war with Washington — the U.S. dollar. The website Russia Today* reported Tuesday that Mr. Putin has drafted a bill to block the use of both the American greenback and the euro in trade between the bloc of countries that used to be part of the Soviet Union, including Russia, Armenia, Belarus, Kazakhstan and Tajikistan. The measure “would help expand the use of national currencies in foreign trade payments and financial services and thus create preconditions for greater liquidity of domestic currency markets,” the Kremlin said in a...
  • Russian ruble hits 75 to the euro as slide worsens

    08/21/2015 1:00:14 AM PDT · by elhombrelibre · 22 replies
    AFP ^ | 20 Aug 15 | Unknown
    Moscow (AFP) - Russia's battered ruble fell Thursday on the back of weaker oil prices to more than 75 to the euro for the first time in over six months, deepening its recent decline. The ruble also tumbled against the dollar to near 67.44, its weakest against the greenback since February. Russia's currency has fallen more than 20 percent against the dollar in the past two months, sparking fears of more instability after a period of relative recovery. Russia's economy has slumped into recession amid lower oil prices and Western sanctions over the Ukraine crisis.
  • Russian ruble drops to past 60 per dollar

    07/28/2015 5:45:35 AM PDT · by TigerLikesRooster · 15 replies
    AFP ^ | 2015/07/28
    Russian ruble drops to past 60 per dollar Moscow (AFP) - The Russian ruble on Tuesday plummeted past 60 against the dollar for the first time since March on falling oil prices, complicating the central bank's efforts to jump-start the battered economy. The ruble reached 60.30 per dollar in early afternoon trading in Moscow after having lost two percent of its value on Monday. The new weakening of the ruble, which comes after the embattled currency bounced back somewhat in recent months, is expected to further erode consumption and fuel inflation, which stood at 15.3 percent last month. "Inflation is...
  • Wikileaks Release from “Trade in Services Agreement" (TiSA and TTiP are SECRET; TPP is semi-secret)

    06/11/2015 5:13:41 PM PDT · by concernedcitizen76 · 6 replies
    Zero Hedge ^ | June 6, 2015 | Mike Krieger
    Passing this corporate giveaway masquerading as a “free trade deal” is a lengthy process; a process that begins today with a Senate vote on Trade Promotion Authority (TPA), also known as “fast track.” Passing TPA would be Congress agreeing to neuter itself to a yes or no vote on a trade pact and ceding its power to amend it. Even worse, it would give trade deals this expedited process for six years, thus outlasting the current Administration, and applying to other “trade” deals like the TTIP. Mind you, TPA is being voted on while the TPP text remains completely hidden...
  • And it's gone...Greek Banks in Macedonia can't withdraw cash - Central Bank's Bogov

    06/12/2015 7:42:44 AM PDT · by alexmark1917 · 39 replies
    https://twitter.com/zerohedge/status/609341858045497344 https://twitter.com/TraderStef/status/609355146842275840 https://twitter.com/JAFF3/status/609343992803774464 https://twitter.com/russian_market/status/609341880623591424 The bank runs (and capital controls) begin. Macedonia Central Bank Governor Bogov states: *GREEK BANKS IN MACEDONIA CAN’T WITHDRAW CASH: BOGOV*MACEDONIAN BANKS PROTECTED IN CASE OF GREXIT: BOGOV How long before the rest of Europe follows suit and a bank holiday is declared Monday to "Cyprus" depositors? He further added: *MACEDONIAN CENTRAL BANK SEES MAJOR RISKS FROM POLITICAL CRISIS http://www.zerohedge.com/news/2015-06-12/macedonia-central-bank-blocks-greek-bank-withdrawals-case-grexit Macedonia Central Bank blocks Greek bank withdrawals FXStreet (Córdoba) - Macedonian Central Bank's Governor Dimitar Bogov has stated that Greek banks are not able to withdraw cash. According to Bogov, this withdrawal halt is protection against...
  • Russia said scaling back its support for Assad

    05/31/2015 11:54:39 AM PDT · by Berlin_Freeper · 33 replies
    timesofisrael.com ^ | May 31, 2015 | Elhanan Miller
    Russia is gradually turning its back on Syrian President Bashar Assad, evacuating some 100 expert advisers and their families from Syria and refusing to repair regime fighter jets, an Arab daily reported on Sunday. “Senior sources in the Gulf” told pro-opposition London-based daily a-Sharq al-Awsat that the change in Russia’s position toward the Assad regime stems from diplomatic pressure exerted by Arab Gulf states. It also comes as part of Moscow’s efforts to shake international sanctions imposed on it following a military confrontation with Ukraine, the sources said. Meanwhile, Syrian opposition sources told the newspaper that 100 of Russia’s top...
  • This Is How Little It Cost Goldman To Bribe America's Senators To Fast Track Obama's TPP Bill

    05/31/2015 6:16:54 AM PDT · by cutty · 56 replies
    Zero Hedge ^ | 05/30/2015 | Tyler Durden
    It took just a few days after the stunning defeat of Obama's attempt to fast-track the Trans Pacific Partnership bill in the Senate at the hands of his own Democratic party, before everything returned back to normal and the TPP fast-track was promptly passed. Why? The simple answer: money. Or rather, even more money. Because while the actual contents of the TPP may be highly confidential, and their public dissemination may lead to prison time for the "perpetrator" of such illegal transparency .... fast-tracking the TPP, meaning its passage through Congress without having its contents available for debate or amendments,...
  • Oil Markets Can’t Ignore The Fundamentals Forever

    05/25/2015 11:59:22 AM PDT · by bananaman22 · 18 replies
    Oilprice.com ^ | 25-5-2015 | Arthur
    Storage withdrawals and falling rig count have been the main sources of hope that U.S. tight oil production will fall and that oil prices will rebound. That hope is fading as it is now clear that recent withdrawals from U.S. crude oil storage are because of price, not falling supply, and that the drop in rig count has stalled. Figure 1 below shows the relationship between U.S. crude oil storage inventory and WTI price. The thinking around recent withdrawals from storage is that this reflects depleting supply. The data, however, reflects that traders were storing crude oil during the price...
  • Secret Pentagon Report Reveals US "Created" ISIS As A "Tool" To Overthrow Syria's President Assad

    05/23/2015 7:00:26 PM PDT · by Rockitz · 147 replies
    ZeroHedge.com ^ | 23 May 2015 | Tyler Durden
    From the first sudden, and quite dramatic, appearance of the fanatical Islamic group known as ISIS which was largely unheard of until a year ago, on the world's stage and which promptly replaced the worn out and tired al Qaeda as the world's terrorist bogeyman, we suggested that the "straight to beheading YouTube clip" purpose behind the Saudi Arabia-funded Islamic State was a simple one: use the Jihadists as the vehicle of choice to achieve a political goal: depose of Syria's president Assad, who for years has stood in the way of a critical Qatari natural gas pipeline, one which...
  • This Is How You "Boost" GDP: US Sells Over $4 Billion In Weapons To Israel, Iran And Saudi Arabia

    05/22/2015 8:42:03 AM PDT · by SeekAndFind · 11 replies
    Zero Hedge ^ | 05/22/2015 | Tyler Durden
    War, what's it good for? Aside from countless deaths of innocent civilians of course, it means a GDP boost for the biggest exporter of weapons on earth, the United States, and even more profits for the US military-industrial complex. Profits which mean the shareholders of America's arms manufacturers get even richer. Which is why following months of middle-eastern sabre ratling and numerous quasi-wars already raging in the region, moments ago the U.S. State Department approved the sale of 10 MH-60R Seahawk helicopters to Saudi Arabia for $1.9 billion, the first step in "a major multibillion-dollar modernization of the Saudi...
  • US Economy Grinds To A Halt, Again: Q1 GDP Tumbles Below Expectations, Rises Paltry 0.2%

    04/29/2015 10:02:50 AM PDT · by tcrlaf · 13 replies
    Zerohedge ^ | 4-29-2015 | Durden
    And so the Atlanta Fed, whose "shocking" Q1 GDP prediction Zero Hedge first laid out nearly 2 months ago, with its Q1 GDP 0.1% forecast was spot on. Moments ago the BEA reported that Q1 GDP was far worse than almost everyone had expected, and tumbled from a 2.2% annualized growth rate at the end of 2014 to just 0.2%, in a rerun of last year when it too "snowed" in the winter. This was well below the Wall Street consensus of a print above 1.0%. n other words, in the quarter in which the S&P rose to unseen highs,...
  • Iran Forces Open Fire On, Seize "Trespassing"US Cargo Ship With 34 People On Board, Arabiya Reports

    04/28/2015 10:28:06 AM PDT · by dontreadthis · 39 replies
    Zero Hedge ^ | 04/28/2015 | Tyler Durden
    Update 3: Turns out Iran did seize a ship, just not a US ship: PENTAGON SAYS NO US SHIP WAS SEIZED BY IRAN NON-U.S. SHIP MAY HAVE BEEN SEIZED BY IRAN, U.S. OFFICIAL SAYS IRANIAN MILITARY BOARDED MARSHALL ISLANDS-FLAGGED CARGO SHIP IRANIANS BOARDED MV MAERSK TIGRIS CARGO SHIP: PENTAGON Update 2: Curiously, while we were confident Iran would deny the report first, it was in fact the US: US NAVY DENIES CONFRONTATION WITH IRANIAN MILITARY: CNBC The good news is that it will be very easy to confirm who is lying and who is telling the truth, in a matter...
  • Greece Said To Prepare "Grexit", Drachma, Bank Nationalization Plans

    04/04/2015 12:47:25 AM PDT · by Crapolla · 19 replies
    zero hedge ^ | 04/03/2015 | Tyler Durden
    On Thursday morning, we took an in-depth look at what the progression of events is likely to be in the event a cash-strapped, negotiation-weary Greece finally, for lack of will or for lack of options, fails to scrape together enough cash to pay its creditors. As BofAML notes, a missed IMF payment and/or failure to make interest payments to either the ECB or private creditors over the coming weeks would likely lead to default within 30 days, at which point "mark-to-fantasy" becomes mark-to-market and then "mark-to-default" in very short order. Although Greek officials came out midday with a “categorical” denial...
  • Russia's 'troll factory'

    03/28/2015 2:29:08 PM PDT · by Dalberg-Acton · 27 replies
    Daily Mail ^ | 3/28/2015 | Sam Matthew
    Vladimir Putin has an army of professional trolls running thousand of fake Twitter and Facebook accounts to flood social media with pro-Russia propaganda. Hundreds of workers are paid Ł500 a month to work exhausting 12-hour shifts bombarding the internet with comments placing Putin in a more favourable light. The trolls work under strict condition which see them banned from talking and even forging friendships with one another.
  • Oil Price Dips Under $55 on Saudi Output Fears

    03/23/2015 5:06:43 AM PDT · by thackney · 6 replies
    Wall Street Journal ^ | March 23, 2015 | GEORGI KANTCHEV
    ...Brent for delivery in May fell 1.1% to $54.71 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, light, sweet crude futures for delivery in May traded at $45.64 a barrel, down 2% from last week’s close. Both contracts gained last week with U.S. crude snapping a four-week losing streak. On Sunday, Saudi Arabia’s influential oil minister Ali al-Naimi told a conference in Riyadh that there was no conspiracy behind the Organization of the Petroleum Exporting Countries’ decision last fall to maintain its output target. He said the group could have lost market share if it...
  • Oil Prices Drop as Production Hums Along Despite a Brimming Supply

    03/14/2015 1:29:35 AM PDT · by Berlin_Freeper · 9 replies
    nytimes.com ^ | MARCH 13, 2015 | STANLEY REED
    Just as the oil market appeared to be stabilizing, the price of crude resumed its descent on Friday. The drop, of about 4 percent, came after a report from the International Energy Agency warning that oil pouring into tank farms in the United States might “soon test storage capacity limits.” The agency, whose reports are closely monitored by oil traders, said that overflowing storage “would inevitably lead to renewed price weakness.” American production of oil continues to increase despite recently announced cutbacks in new drilling by producers.
  • Kremlin Less Than Impressed as Satirists Run Riot with Rumors of Putin's Whereabouts

    03/14/2015 3:58:50 AM PDT · by elhombrelibre · 7 replies
    The MOSCOW TIMES ^ | 14 Mar 15 | Unknown
    A wave of savage mockery broke over Russian President Vladimir Putin across the Internet on Friday, sparked by days of absence from public view, despite official insistence it was business as usual in the Kremlin. State television footage of Putin working at his residence failed to quell the tide of fantastical theories circulating online that the 62-year-old Kremlin leader had died, been deposed, or travelled to Switzerland to watch his girlfriend give birth. Ukrainian children produced a cartoon showing Putin abducted from the Kremlin by aliens. https://www.youtube.com/watch?v=nq54_izN4Bo The hashtag #putinumer (putin died) began trending on Twitter, and a website, putinumer.com,...
  • Kremlin Planning Major Announcement, Stage Being Constructed in Red Square

    03/13/2015 6:16:35 PM PDT · by therightliveswithus · 216 replies
    The Pundit Press ^ | 3/13/2015 | Thomas
    In the midst of Vladimir Putin’s mysterious absence, it appears that the Kremlin is announcing something big. Pictures of Putin allegedly meeting a leading judge today may be formerly staged photos. Beyond this, a large stage is being built in Red Square– right near Boris Nemstov’s murder: The Kremlin has now announced that there will be a major announcement in the next couple of days. It has advised journalists not to leave Moscow. The exact announcement is still unknown but sparking speculation. A source in the press service of the President of Russia says he is preparing a major announcement...