Section: Business Insider (USA)
Rouble Surging As The Russian Central Bank Announces Major Policy Shift
The rouble is on a tear on Monday after the Russian central bank announced that it was abandoning its attempts to prop up the currency and allowing it to free float. In early trading Russia’s currency rose by over 3% touching 45 roubles to the dollar, unwinding a large chunk of last week’s heavy falls. The rally comes as the central...
The Rouble Is On A Tear After The Russian Central Bank Announces Major Policy Shift
The rouble is on a tear on Monday after the Russian central bank announced that it was abandoning its attempts to prop up the currency and allowing it to free float. In early trading Russia’s currency rose by over 3% touching 45 roubles to the dollar, unwinding a large chunk of last week’s heavy falls. The rally comes as the central...
CHARTS: How Capitalism Has Transformed Eastern Europe Since The Fall Of The Berlin Wall
Sunday was the 25th anniversary of the fall of the Berlin Wall, the most symbolic event marking the collapse of the Soviet Union. In the quarter of a century since the wall was knocked down, the political and economic systems in eastern Europe have been turned on their heads: Gone are the communist institutions, replaced with governments that are...
Russia’s Colossal New Gas Deal With China Is ‘Putin’s Revenge’
Russia and China just agreed to a second major gas deal, worth slightly less than the $400 billion agreement reached earlier this year, according to Bloomberg. The details of the deal mean Russia will supply China with another 30 billion cubic metres of gas every year for the next three decades through the Altai pipeline, a proposed pipe...
10 Things You Need To Know Before European Markets Open
Good morning! Here’s what you need to know. Chinese Inflation Is At A 5-Year Low. China’s annual consumer inflation remained at a near 5-year low in October at 1.6%. South Korea And China May Have A Trade Deal. South Korea said it has “effectively” reached a free trade agreement with China that will remove or sharply...
The 10 Most Important Things In The World Right Now
Good morning! Here’s what you need to know for Monday. 1. More than 80% of Catalans voted in favour of independence in a symbolic referendum held Sunday, although Spain says it will not recognise the vote. 2. The Netherlands will hold a national memorial service on Monday to commemorate the victims of Malaysia Airlines Flight 17, less than...
Rising China, geopolitical tensions take stage at APEC
Beijing (AFP) – World leaders including Barack Obama and Vladimir Putin converge Monday in Beijing for an Asia-Pacific summit against the backdrop of a US-Russian chill and the inexorable rise of the meeting’s increasingly assertive host.The gathering is the biggest event yet hosted by Chinese President Xi Jinping, who took over last...
Merkel says fall of Wall proves ‘dreams can come true’
Berlin (AFP) – German Chancellor Angela Merkel on Sunday praised the courageous citizens who peacefully brought down the Berlin Wall 25 years ago, calling the momentous day proof that “dreams can come true”.Merkel, who grew up in the communist East, was speaking at a memorial site to the 138 people killed in Berlin alone as they...
Obama leaves for China, Myanmar, Australia tour
Washington (AFP) – President Barack Obama headed for China Sunday on a trip that will focus on Washington’s often tense relations with the country, and will also see the president visit Myanmar and Australia.The China stop will be dominated by Obama’s meeting with Chinese President Xi Jinping in Beijing, where the White House...
Germany cheers 25 years since Berlin Wall’s fall
Berlin (AFP) – Germany marks 25 years since the euphoric fall of the Berlin Wall Sunday with more than a million people expected to join tributes, festivities and an open-air party with freedom icons and rock stars.Chancellor Angela Merkel leads commemorations for those killed trying to flee communist East Germany, ahead of a giant festival...
