Global market plunge intensifies on fears over China
By ELAINE KURTENBACH World stock markets plunged and Wall Street was due to suffer heavy losses on Monday after China’s main index sank 8.5 percent amid fears over the health…
Russian rouble
What the credit downgrade to ‘junk’ means for Russia
By NATALIYA VASILYEVA Russia has seen its credit grade cut to “junk” status for the first time in over a decade, a big blow for a country that wants to…
Russia bails out bank following ruble slide
By NATALIYA VASILYEVA Russia has bailed out a mid-sized bank for about $500 million to save it from bankruptcy— a clear sign that the slide in the value of the…
Russians flock to stores to pre-empt price rises
By NATALIYA VASILYEVA Russian consumers flocked to the stores Wednesday, frantically buying a range of big-ticket items to pre-empt the price rises kicked off by the staggering fall in the…