EU's sanctions on Russia

Note: This section contains information in English only.
Source: Bloomberg
The EU and U.S. made additional sanctions on Russia's economy by targeting energy, banking and defense industries in order to get Putin to back off on Ukraine. EU governments agreed on restricting export of equipment and barring state-owned banks from selling bonds or shares in Europe. The IMF forecast that Russia's economy will expand by 0.2% from the previous 1.3%.
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Wed, 30 Jul 2014 07:53:49 GMT

Kiwi exposed to intervention

New Zealand's overvalued currency may experience further declines after the RBNZ warned the Kiwi's level is "unjustified". The Reserve Bank of New Zealand lifted the official cash rate by 0.25% to 3.5% in July, the fourth raise since January. The Kiwi reached its strongest level since August 2011 in July this year. The New Zealand's currency, however, fell to 85.03 U.S. cents today, the lowest in

Tue, 29 Jul 2014 15:14:09 GMT

US Consumer confidence rises in July

During July consumer confidence climbed to 90.9 surpassing expectations from analysts, who had forecast a rise to 85.5 from 85.2 in the previous month. The data released by the Conference Board suggests that consumers in the US are feeling more enthusiastic about the economy. The index is a survey of around 5000 households which asks respondents to rate present and

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