Investment in Russia and Eastern Europe Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Investment in Russia and Eastern Europe

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: P.T.Burnem who wrote (560)	8/27/1998 10:16:00 PM
From: Rob Shilling	Read Replies (2) of 1301

International help ??? By Richard Melville NEW YORK, Aug 27 (Reuters) - Fears of a global economic downturn intensified Thursday as the Russian crisis worsened and the spreading financial pressure appeared to claim a new victim in Canada................. Earlier, in Russia, the central bank suspended all foreign currency trade on the main exchange for the second successive day in the hope of preventing an all-out rout of the rouble. Some now think Russia has no choice but to introduce stricter capital controls, effectively ending a seven-year attempt to create a market-led, Western style economy. ''What is going on right now is that they are in the process of making the rouble a non-convertible currency,'' said Lawrence Austen of MFK Rennaissance in Moscow. A spokesman for Acting Prime Minister Victor Chernomyrdin said the premier was ready to act. But the spokesman added: ''You play it step by step, because the situation is so difficult.'' France, another G-7 member, said Thursday the international community was convinced it needed to help Russia but Moscow had to push through more reforms............

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next