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GM Russian Auto Sales Halted Amid Ruble Exchange Rate Troubles

2014-12-18 19:51:01| Auto Dealers - Topix.net

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Tags: rate auto sales exchange

 

Massive fluctuations in the value of the ruble currency on Tuesday...

2014-12-18 05:14:26| Auto Dealers - Topix.net

British automobile manufacturer Jaguar Land Rover will impose a temporary freeze on car shipments to Russia from Dec. 19, the Vedomosti newspaper reported. Photo: Delta 51 / Wikimedia Commons Massive fluctuations in the value of the ruble currency on Tuesday have prompted retailers to make emergency price revisions or even suspend sales and deliveries in Russia until the crisis cools.

Tags: on tuesday currency massive

 
 

Shopping frenzy, social media fuss and jokes in Russia as ruble collapses

2014-12-18 01:08:40| Auto Dealers - Topix.net

Luxury cars, jewellery, fridges and TVs are selling like hot cakes. Russians are rushing to buy retail after 'Black Tuesday' - the day the Ruble lost 20% of its value.

Tags: shopping media social russia

 

Oil drop plus sanctions sends Russia ruble into free fall

2014-12-17 12:18:43| Auto Dealers - Topix.net

Despite the Russian central bank's extraordinary move to defend the currency, the ruble's value continued to slide on Tuesday, presenting President Vladimir Putin with an acute new set of political and economic challenges. Scenes that Russians hoped had receded into the past reappeared on the streets.

Tags: free fall oil drop

 

Ruble sinks to 80 a dollar defying surprise Russia rate increase

2014-12-17 02:47:25| Appliances - Topix.net

The ruble plunged to 80 a dollar for the first time as investors speculated Russia will announce capital controls after the largest interest-rate increase in 16 years failed to revive confidence in the currency. The ruble sank as much as 19 percent to 80.10, before trading at 78 at 3:14 p.m. in Moscow.

Tags: rate increase russia dollar

 

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