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22.10.2008, 05:14

Government rebuffs faltering rouble rumours after public rush for dollars

The Russian government has added $US 6.7 billion of liquidity to the markets and set aside the same amount for the next year in a bid to stabilise the economy. But despite Tuesday’s move there have been reports of some Russians buying dollars and euros in

Rouble protected 23.10.2008, 09:28

Putin rebuffs rumours of rouble devaluation

Vladimir Putin says exchanging roubles for dollars is a “doubtful venture” because of uncertainty over what the dollar could do next. The Russian Prime Minister was speaking in an attempt to calm fears over the stability of the currency which

AFP Photo / Alexey Sazonov 23.10.2008, 11:12

Russian stocks head south in afternoon trade

Russia’s RTS and Micex indices are lower in afternoon trade following in the wake of overnight falls on Wall street, which has flowed through to Thursday trade in Asia and Europe.

25.10.2008, 19:31

Americans loving their dollars

Home repossessions, tight budgets, money worries — that is the bleak story for many Americans in the U.S. But for Americans living in countries such as South Africa who still receive their salaries (or conduct business) in dollars, there is brightness for

27.10.2008, 16:59

U.S. pulls the plug on the world

The U.S. administration has prompted a huge surge in the U.S. dollar, which may help refinance its financial sector. The cost is a currency whirlwind that threatens the collapse not just of banks and companies but entire countries.

US mistakes have damaged Russian economy – Medvedev

Published: 21 October, 2008, 13:08


AFP Photo / Mikhail Klimentyev

Russia is being made to pay for the financial blunders made by the US as it fights the effects of the global financial crisis, according to Dmitry Medvedev. The Russian President was speaking at the opening of the Square of Russia in the Armenian capital,

 
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