Russian shares rise on Crimea referendum

Source: Reuters
Russian stocks increased on Monday trading session rising after the Ukraine's Crimea voted in a referendum last weekend in favour of Crimea joining with the Russian Federation and easing the tension as the referendum passed without violence. The RTS gauge gained as much as 1.4% to 1,078 points, while the MICEX added 1.3% to 1,254.

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Mon, 17 Mar 2014 15:05:23 GMT

Eurozone's inflation eases in February

Annual inflation in the euro-area slipped in the month of February missing initial forecast of economists and raising concerns over further interest rates cuts, a report revealed by the statistical office Eurostat unveiled on Monday. The report showed that the Eurozone inflation recorded 0.7%, down from January's level of 0.8%.

Mon, 17 Mar 2014 15:04:54 GMT

Yuan falls as PBOC doubles fixing

The Chinese currency declined on Monday falling against the U.S. Dollar after the People's Bank of China doubled the daily fixing to the Greenback in order to fulfill a commitment to let the market play bigger role in the region's economy. The Yuan opened today at $6.15 per U.S. Dollar and it dropped to $6.1642 later during the session.

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