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Alpari Co-Owner Says Applied To Wind Up Business A Year Ago

The co-founder of Russian-owned broker Alpari applied a year ago to wind up the parent company of its retail FX brokerage Alpari UK, fearing long before the company's collapse from trading losses last week that it "was doomed". Andrey Dash ...

Daily Headline - global.abi.org - 01/21/2015 - 22:36 - 0 comments

Russia and Lithuania Report

Russia: On raising professional qualification requirements for insolvency practitioners. Russian insolvency legislation sets out certain requirements an insolvency practitioner has to satisfy before his appointment in an insolvency case can be approved ...

Resource Article - abi_admin - 01/21/2015 - 11:45 - 0 comments - 1 attachment

Russian Economy To Shrink 5%, Says EBRD

contraction in the Russia’s economy of 4.8 per cent this year, compared with a forecast drop of 0.2 per cent ... operation to minus 0.3 per cent, from a plus 1.7 per cent forecast in September. Read more. ...

Daily Headline - global.abi.org - 01/19/2015 - 23:41 - 0 comments

Russia’s Central Bank Spends $76 Billion Propping Up Rouble

The Russian central bank’s net currency interventions in 2014 amounted to $76.13 billion and €5.41 billion, Interfax news agency reported on Monday, citing central bank data, the Irish Times reported. Interventions in the month of December amounted t ...

Daily Headline - global.abi.org - 01/13/2015 - 00:41 - 0 comments

Russia Takes Steps To Prop Up Struggling Companies

Russia has moved to support a number of large companies and banks as it tries to prop up a struggling economy and a banking sector battered by the rouble’s jitters, the Financial Times reported. On Wednesday, the government said it would support Yama ...

Daily Headline - global.abi.org - 01/01/2015 - 20:39 - 0 comments

Russia’s Economy Contracts in November for First Time Since 2009

year for the first time since the global financial crisis. Russia’s gross domestic product shrank 0 ... 0.6% in the first 11 months of this year, the data showed. Figures for December are likely to show the ...

Daily Headline - global.abi.org - 12/29/2014 - 22:23 - 0 comments

Foreign Banks Retreat From Crisis-Hit Russia

Foreign banks have fled Russia in dramatic fashion in 2014, cutting back their exposure to the country well ahead of the latest escalation of the rouble crisis, the Financial Times reported. Overall syndicated loan volumes this year collapsed to just ...

Daily Headline - global.abi.org - 12/18/2014 - 22:17 - 0 comments

Russia Introduces Measures to Calm Economic Jitters

Seeking to calm growing fears of an economic meltdown, the Russian government on Wednesday introduced a package of measures to reduce pressures on banks and urged the public to stay calm, the International New York Times reported. It seemed to work, ...

Daily Headline - global.abi.org - 12/17/2014 - 21:49 - 0 comments

Russian Ruble Hits New Low Despite Rate Rise

The battered ruble plunged to a record low against the dollar again Tuesday, as investors grew convinced that the Russian central bank’s surprise move overnight to jack up interest rates to 17% wouldn’t be enough to alleviate the pressure on the currency ...

Daily Headline - global.abi.org - 12/16/2014 - 22:56 - 0 comments

Interest Rate Rises to 17% in Russia

Russia has a new enemy: the currency markets. Russia’s government is in the middle of an all-out fight to preserve the value of the ruble in the face of plummeting oil prices and Western sanctions over the Ukraine crisis, the International New York Tim ...

Daily Headline - global.abi.org - 12/15/2014 - 23:05 - 0 comments

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