Ruble weakens against dollar

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Source: Dukascopy
The Russian Ruble depreciated against US dollar for a second consecutive day after Urals crude dropped yesterday. Russian domestic currency gave up 0.2% reaching 30.806 per dollar. Urals crude which is the country's main exporter lost 1.3% yesterday reaching $109.52 per barrel as French President Sarkozy claimed the Eurozone risks collapse if member countries will not manage to agree on fiscal measures.
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Fri, 02 Dec 2011 12:19:55 GMT

Reuters boss to step down

Tom Glocer, CEO of news group Reuters, announced he is stepping down after running the company for 10 years. He will step down on 1 January and the current chief operating officer, James Smith will replace him. The change follows the worries about a decline in the company's share price by 29% this year.

Fri, 02 Dec 2011 09:55:05 GMT

Yahoo shares increase on probable bid of Alibaba

Shares of Yahoo increased after announcements that China's Alibaba Group, one of the largest China's internet companies, is planning to place a bid to have a stake in Yahoo. Yahoo shares jumped by 3.3% on the Nasdaq exchange. Unknown sources claim Alibaba is ready to pay about $20 per share that is higher than yesterday's  close of $16.23 a piece. Alibaba has not made

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