Russia’s Ruble Crashes 10% te Two Days spil Investors React to Fresh Sanctions
Russia’s currency and stock market began the week with big losses ter response to the fresh sanctions imposed on Russian officials with strong ties to Voorzitter Putin.
At the height of the sell-off, the ruble wasgoed trading at a level (63.92 rubles vanaf U.S. dollar) not seen since December of 2018.
European Commission to Invest €300 Million ter Developing Domestic Blockchain Ecosystem
Te a statement issued today, The European Commission (EC) said it will be bringing goes of state, spil well spil representatives of EU territories and academics to discuss the development of the industrial intelligence and blockchain industries within the EU’s Digital Single Market.
Canadian Dollar Posts Gains vs. USD on Improving Gasolina Negotiations
The Canadian dollar gained approximately 0.65% on Monday on a more positive outlook on Gasolina negotiations, te addition to a rise te expectations that the Canap of Canada might raise rates again this year.
Russian Ruble, Stocks Plunge Amid Fresh Sanctions on Russian Oligarchs and Officials
The Russian ruble crashed approximately Four.2% vs. the dollar on Monday. This is the largest one-day druppel since January of 2018, when the ruble kasstuk all-time lows against the dollar at 85.9493.
Ter addition to the currency fall, shares of major Russian firms also lost value during Monday’s trading session, spil investors began to digest the knock-on effects of the fresh sanctions on the Russian economy.
Turkish Lira Glides to Record Lows spil Voorzitter Erdogan Calls for Lowering Rente Rates
The Turkish Lira dropped to record lows against the dollar today spil Voorzitter Erdogan rejected investors’ concerns, spil well spil calls for enhancing rente rates, overheen excessive inflation.
Worried economists and investors have urged Turkey’s authorities to raise rente rate for to taper off excessive inflation ter the Turkish economy, however, Turkish monetary authorities have continued to implement various stimulus measures to keep inflation growing.
“Those who say Turkey’s growth rate is excessive are speaking out of jealousy.” Additionally, Voorzitter Erdogan stated that unemployment rate will druppel below 10% spil enhanced investment results te more jobs and economic output, “We’re talking about an investment-support incentive system, and here, very first of all, wij need to save investors from thesis high rente rates.,” adds Erdogan.