News Source: Xinhuanet.com
| about 1 month ago
The death toll of A/H1N1 flu in Russia has climbed to 10, said the country's consumer rights watchdog on Tuesday. Of the 10 deaths among people aged 20 to 53, eight were from the Trans-Baikal region, one in Moscow and one in the Krasnoyarsk...
News Source: Saint Petersburg Times
| about 1 month ago
Russian banks failed to raise lending to businesses and consumers even after the central bank cut interest rates in the hope of easing credit flows to support an economic recovery. Lenders� corporate loan books fell 0.7 percent in September after...
News Source: Saint Petersburg Times
| about 1 month ago
Russian banks are committing to funding costs so high they risk becoming unsustainable, a trend that constitutes a greater threat to the country�s financial industry than stalled credit flows, the central bank warned. Banks are offering returns...
News Source: United Press International
| about 1 month ago
Russia's Central Bank trimmed its bank-to-bank lending rate 0.5 percentage points to 9.5 percent per year as inflation has slowed, a bank official said. Deputy Chairman Gennady Melikyan said Monday, "we are heading for inflation obviously under 10...