Mexican Media Brands
Russian Ruble Slumps to All-Time Low
The Russian ruble has dropped to historic lows of 50.30 to the euro and 36.5 to the U.S. dollar.
#economics
Share
The Russian ruble has dropped to historic lows of 50.30 to the euro and 36.5 to the U.S. dollar.
Analysts say the drop was triggered by a hike in the overnight lending rate of Russia's central bank to 7% from 5.5% and by Russia's threat to send troops into Ukraine.
Traders tells BBC News that investors are dumping Russian stocks ahead of a possible military confrontation and international sanctions against the country.
RELATED CONTENT
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
Achieving Efficiency?
A look at on-road fuel economy changes over 92 years.
-
on the Genesis GV60 interior, EV sales in H1, Bentley Bentayga's wood work, Faurecia's advanced manufacturing & more
The strange glowing orb in the Genesis GV60. . .global EV sales in the first half. . .creating wood for the Bentayga interior. . .the importance of material handling at Faurecia. . .lux ATPs. . .fast Porsche. . .fast Lambo. . .the Avalon Hybrid. . .Silverado steel. . .