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Russia Moves To Help Lift Sinking Ruble.

Authors :
Hong, Nicole
Ostroukh, Andrey
Albanese, Chiara
Trivedi, Anjani
Source :
Wall Street Journal - Eastern Edition. 12/16/2014, Vol. 264 Issue 142, pA1-A10. 2p. 2 Graphs.
Publication Year :
2014

Abstract

The article discusses how the ruble, Russia's currency, dropped in value due to a decrease in oil prices and global concern over when the U.S. Federal Reserve will raise interest rates. Topics include how the Russian Central Bank attempted to reverse the ruble's value drop by increasing the country's interest rates, whether this could cause a recession in Russia, and the impact on Russia's oil industry.

Details

Language :
English
ISSN :
00999660
Volume :
264
Issue :
142
Database :
Academic Search Index
Journal :
Wall Street Journal - Eastern Edition
Publication Type :
News
Accession number :
99971994