Posts Tagged ‘russia’

Government Warnings After JPMorgan’s Big Hacking News!

by Forex Rooton August 30, 2014 1:13 pm BST
Government officials and security experts have long warned of the possibility of cyber disruptions in the financial system and other essential services and utilities. Those concerns are heightened in times of conflict. Russia’s annexation of the Crimean peninsula touched off a wave of sanctions in March that have hurt trade and threaten to send President […]

Troubles Continue for Russia, Ruble Declines for Eighth Session

by Christopher Lemieuxon June 4, 2014 2:33 pm BST
Troubles continue for Russia’s economy, as the HSBC services PMI fell to a five-year low. The services purchasing managers index (PMI) came in at 46.1 in May, falling .7 percent from last month’s print. Analysts were expecting a rebound to 48.1. Consumer prices increased with inflation reading 7.6 percent, up .3 percent and higher than […]

Russia Unexpectedly Increases Benchmark Rate to 7.50 Percent

by Christopher Lemieuxon April 25, 2014 1:12 pm BST
The Russian central bank unexpectedly raised their benchmark rate from seven percent to 7.5 percent amid higher inflation, a sinking ruble and capital flight as tensions rise between Ukraine. The ongoing conflict, and resulting sanctions, is putting pressure on the weak Russian economy which could sink into a recession. The ruble is trading near all-time […]

Sanctions on Russian Seen Detrimental to Palladium Supplies

by Christopher Lemieuxon March 22, 2014 7:15 pm BST
Palladium seen the highest price levels since August 2011 on fears that newly placed sanctions on Russia will reduce supplies. Russia is currently the world’s largest supply of this industrial (and precious) metal that is largely used in pollution-control components in cars. US President Obama announced a brand new set of sanctions on key Russian […]