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breakingnews
06.02.2009, 12:40
The Russia government says it will not nationalize private banks to help them through the crisis. Instead it plans to give them $9 Billion in subordinated loans and expect banks to restart credit activity.
05.02.2009, 17:22
The Russian government is to provide 400 Billion Roubles – about $11 Billion – in additional funding for Russian state and private banks.
05.02.2009, 17:07
The Rouble briefly slipped below the Central bank's trading limit of 41 to the dollar-euro currency basket at around 1300 Moscow time on Thursday.
12.03.2010, 14:39
5 comments
Russia's budget deficit in January and February reached $6.6 billion, according to the Finance Ministry. The government hopes to limit the annual deficit to about 7% in 2010 and fill the gap between income and spending.
20.02.2009, 17:58
4 comments
The stimulus package developed by the Russian government looks good on paper, but implemention is too slow, according to the Russian President, addressing the State Council assembly which took place in Eastern Siberia.
05.02.2010, 12:15
3 comments
The United States’ top credit rating is at risk, with its triple 'A' status warned it may be downgraded if the economy grows at a slower pace than expected, says ratings agency Moody's.
14.10.2009, 23:19
2 comments
Time to buy property? Russians are returning to the property market as buyers with the market seemingly reaching the bottom, and prices are going up.
25.11.2009, 22:43
1 comment
A Moscow conference heard Finance Minister Aleksey Kudrin warn the share market was overheated with speculative capital, while the prospect of a withdrawal of banking sector liquidity support also caught attention.
09.07.2010, 20:54
1 comment
Moscow’s property development scene is rebounding after a horror 18 months which saw projects from a range of developer grind to a halt, with Banks financing their own developments.
10.06.2009, 09:42
1 comment
Europe’s biggest bank, HSBC, has started retail lending in Russia. Analysts say, HSBC is one of the few foreign lenders taking the chance to enter the local market.
Published: 06 February, 2009, 18:19
Noted investment advisor Jim Rogers spoke with RT about the banking bailouts and the outlook for major currencies. His gloomy assessment began with why bailing out banks which are insolvent is fundamentally wrong.
