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Apple Reopens Online Store In Russia With Massive Price Increases On iPhone 6...
Apple has reopened its online store in Russia, after closing it last week due to instability in the ruble. But Russian consumers logging onto the reopened store have discovered that the price of the...
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Russia Sold A Bunch Of Foreign Cash Reserves To Boost The Ruble
The rouble has rebounded to its strongest level in more than two-weeks, propelled by soft government controls of the currency.Large state-controlled exporters have been forced to intervene in foreign...
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Putin's Grand Military Upgrade Hit A Snag
Russia is in the midst of an intense military buildup, and the country's deteriorating economy is magnifying the cost.During 2015 alone, Russia's national defense budget is expected to be 3.3 trillion...
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Putin Could Become Even More Dangerous In 2015
Russia's financial crisis will get worse before it gets better.Western sanctions probably aren't going to convince Putin to cease his aggression in Ukraine and elsewhere because Putin and most Russians...
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Russia Begins A $100 Billion Debt Bailout As Its Bonds Face 'Junk' Rating
Russia has begun bailing out the debt of its private and state-run companies and banks, which is denominated in dollars, according to Reuters.Banks and companies owe a total of $600 billion in foreign...
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Putin's Extraordinary Path From Soviet Slums To The World's Stage
Vladimir Putin may be the wild card in world affairs right now, but he didn't gain that influence overnight.The Russian President's ascension to power is filled with spies, armed conflicts, oligarchs,...
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The Top 10 Things We Learned About The Economy And Markets In 2014
Sometimes the best way to understand the future is to look to the past.US Trust's Chief Market Strategist Joseph P. Quinlan has put together a list of the top 10 macroeconomics lessons from 2014 in...
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Russians Are Buying Cheese The Same Way People Bought Weed In 1980s Brooklyn
Russia's economy is in free fall. Last night the government took emergency measures to stop the bleeding by hiking interest rates, but it didn't work.Problems run too deep.Part of Russia's pain is due...
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Russian Ruble Strengthens In Thin Trade
Russia's rouble strengthened on Thursday as exporters sold foreign currency in response to government pressure and to meet tax payments, but trading volumes were thin as many Western markets were...
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Russia Says Its Currency Crisis Is Over
Russia said its currency crisis was over on Thursday but warned that inflation is set to climb above 10 percent, adding to the problems facing President Vladimir Putin's government, as it fights its...
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Putin Cancelled New Year's For Government Ministers
Russian President Vladimir Putin has scrapped New Year's holidays for government ministers because of the unfolding economic crisis.Putin told a televised government session on Thursday that Cabinet...
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Russia's Plan To Jail Putin's Biggest Critic Could Lead To Huge Protests
Moscow (AFP) - Russian authorities' attempts to jail Kremlin critic Alexei Navalny and intimidate his supporters could backfire and trigger new political protests amid the most serious financial crisis...
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Pressures Intensify On Russia's Banking Sector
On December 22nd the Russian Central Bank (RCB) announced that it would provide a bail-out of up to Rb30bn (US$500m) to prevent the bankruptcy of Trust Bank, a mid-sized Russian lender. Its Deposit...
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Expats Are Looking To Flee Russia After The Plunge Of The Ruble
Moscow (AFP) - The plunge of the ruble hasn't left only Russians shell shocked -- foreign workers from traders to maids are considering bailing out as Moscow turns from an El Dorado into a financial...
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Russia's Ruble Interference Is Working
MOSCOW (Reuters) - Russia's ruble rose on Friday to its strongest levels in more than three weeks, in a sharp rebound from its recent all-time lows, after the government ordered exporters to sell some...
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Russia's Finance Minister Says The Economy Could Shrink By 4% Next Year
MOSCOW (Reuters) - Finance Minister Anton Siluanov said on Friday that the Russian economy could contract by 4 percent next year and that the budget could have a deficit of more than 3 percent of gross...
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Ukraine And Pro-Russia Rebels Arrange Big Prisoner Exchange
KIEV (Reuters) - Kiev and pro-Russian separatists will exchange hundreds of prisoners soon, an aide to the head of Ukraine's SBU state security service said on Friday, as the military reported a slight...
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There's No End In Sight To The Conflict Between Russia And Ukraine
Kiev (AFP) - Ukrainian and pro-Russian rebel leaders tried on Friday to revive peace talks that stalled after just one round due to stark difference over how to end the eight-month separatist war.A...
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Putin Warns In A New Military Doctrine That The Expansion Of NATO Is A Threat
MOSCOW (Reuters) - Russian President Vladimir Putin has signed a new military doctrine, the Kremlin said in a statement on Friday.The new military doctrine says the main external risks for the country...
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2015 Is Set To Be A Year Of International Turbulence
NEW YORK (Reuters) - From financial crisis in Russia to cyber warfare with North Korea, 2014 has generated new flashpoints right into its final days, setting 2015 up to be just as turbulent.Almost all...
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