Weakening ruble costly for Russia – Seattle Times

Weakening ruble costly for Russia – Seattle Times
A man shopping at a local supermarket Moscow, Monday, Oct. 20, 2008. Some analysts say that Russia's economy remains relatively healthy and the currency should show more resilience, but many Russians still remember the 1998 currency collapse. (AP

Russian ruble crisis costs the Kremlin billions – Seattle Times
Only a few months ago, the Kremlin was talking about pricing its oil in rubles and making the ruble a regional reserve currency, giving it a status closer to that of the euro and the dollar. But that was before Russian tanks rolled into Georgia, the

Chinese infrastructure companies pay price for foreign exchange losses – International Herald Tribune
HONG KONG : Shares of China Railway Group and China Railway Construction slid Thursday after they reported foreign exchange losses worth about $325 million, heightening investor concerns over Chinese companies' exposure to currency trading. News of

WRAPUP 1-Russia rouble firms on anti-crisis measure, shares up – Forbes
MOSCOW, Oct 20 (Reuters) – The Russian rouble hit its strongest level since August in deals between banks on Monday after the central bank set curbs on currency trading, while the energy-heavy stock market rose on hopes of an OPEC output cut. However

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