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 Turkish lira plunges to record low against dollar

Turkey’s national currency - lira tumbled to another record low against the dollar today. The lira traded down 9% against the U.S. dollar at 6.04 and briefly fell more than 12%.  Then lira pared some of its losses to trade at …

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Russia's Medvedev: U.S. declares war on us

The possible tightening up of U.S. economic sanctions against Russia may be treated as a declaration of economic war, which must be responded by all economic, political and other means possible, Russia's Prime Minister Dmitry …

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Astana has built a financial field of dreams

In the twenty-first century, countries that traditionally added value by extracting natural resources are doing their best to diversify their sources of income. Financial services are becoming one of the alternatives to oil and gas. As …

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Is Russian ruble's new devaluation around the corner?

The ruble sharply fell against the dollar and the euro on the Moscow exchange today on the news of fresh U.S. sanctions over Moscow's alleged poisoning of an ex-spy in Britain. The dollar hit its highest level against the ruble …

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Skripal sanction: US brings down iron curtain

The new United States sanctions on Russia will be a very great sweep of the Russian economy, a senior US State Department official said. "We are applying these sanctions against essentially all state – Russian state-owned or …

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