Edition:
India

Elena Fabrichnaya

In Russia, scammers exploit pandemic to launder money using medical goods purchases

28 May 2020

MOSCOW The coronavirus pandemic has spawned a new form of financial fraud in Russia, with people using medical goods purchases as a front for money laundering scams, the central bank said on Thursday.

Moscow Exchange nearly doubles profit in first quarter as volatility soars

15 May 2020

MOSCOW The Moscow Exchange nearly doubled its net profit in the first quarter due to huge swings in share prices after a plunge in the value of oil and the outbreak of COVID-19, the bourse said on Friday.

Moscow Exchange nearly doubles profit in Q1 as volatility soars

15 May 2020

MOSCOW, May 15 The Moscow Exchange nearly doubled its net profit in the first quarter due to huge swings in share prices after a plunge in the value of oil and the outbreak of COVID-19, the bourse said on Friday.

Russia's central bank governor: we can cut rates in bigger steps

28 Apr 2020

MOSCOW Russia's central bank sees room for more cuts in its key interest rate and could lower rates in bigger steps than before to support the economy struggling with the coronavirus outbreak, Governor Elvira Nabiullina said on Tuesday.

UPDATE 1-Russia's central bank governor: we can cut rates in bigger steps

28 Apr 2020

MOSCOW, April 28 Russia's central bank sees room for more cuts in its key interest rate and could lower rates in bigger steps than before to support the economy struggling with the coronavirus outbreak, Governor Elvira Nabiullina said on Tuesday.

Russian central bank ready to relax terms for banks to buy state debt

24 Apr 2020

By Gabrielle Tétrault-Farber, Elena Fabrichnaya and Darya Korsunskaya

UPDATE 2-Russia lowers interest rate to 5.5% amid coronavirus outbreak

24 Apr 2020

* Some economists expect next rate cut on June 19 (Adds details, comment)

UPDATE 1-Russian central bank will consider rate cut at next meeting, governor says

17 Apr 2020

By Andrey Ostroukh, Gabrielle Tétrault-Farber and Elena Fabrichnaya

Russia's major banks, foreigners help government raise funds amid coronavirus

15 Apr 2020

MOSCOW Russia enjoyed strong demand for its government bonds on Wednesday as central bank data showed that major Russian banks and foreign investors could help Moscow raise funds to finance its response to the coronavirus outbreak.

UPDATE 1-Russia's foreign debt shrinks to lowest since 2009 as rouble weakens

13 Apr 2020

MOSCOW, April 13 Russia's total external debt shrank in the first quarter to its lowest level since 2009, the central bank said on Monday, posing few extra risks for the already battered rouble and helping Russia withstand coronavirus-related shocks.

World News

Civil unrest flares in U.S. cities over Minneapolis killing

The full Minnesota National Guard was activated for the first time since World War Two after four nights of sometimes violent protests that have spread to other U.S. cities following the killing of a black man by a white Minneapolis police officer who knelt on his neck.