The Russian ruble has tumbled vs. the U.S. dollar amid growing concerns about the Russian economy. Capital is streaming out of the country while foreign investment is drying up. Russia's central bank spent a substantial sum in a futile attempt to defend the currency.
Russia's GDP is still rising, at least in rubles. But pricey imports and soaring inflation are starting to hit Russian businesses and citizens.
There are concerns about dollar-denominated borrowing by Russian businesses and banks. That in turn, could spur President Vladimir Putin to provide bailouts, especially to state-run enterprises.
See Also
-
Consumer Sentiment Spikes On Cheaper Gas, More Jobs02:51 PM ET
-
Economic News: Consumer Sentiment Surges, Prices Under Pressure10:26 AM ET
-
Merry Mall Christmas? Retail Sales Gains Ramp Up12/11/2014 01:58 PM ET
-
Economic News: Good Times As Jobless Claims Ebb, Retail Sales Soar12/11/2014 10:45 AM ET
-
U.S. Shale Firms Will Use 'Ingenuity' As Oil Dives12/10/2014 05:06 PM ET
Registration Benefits
-
- IBD Forums
- Participate in an IBD Forum and connect with other IBD subscribers.
-
- IBD Screen Center
- Access six valuable screens that show you top stocks in different categories.
-
- My Stock Lists
- Get customized stock lists to track your portfolio, watch lists and more!
-
- My Routine
- Create shortcuts to your favorite Investors.com features.
No comments:
Post a Comment