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Magnit Rout Shows Russian Consumer Fading As Rates Rise
date:Apr 29, 2014
my is plunging into recession and investors are concerned particularly with retail stocks -- who has money to buy more stuff? Ilya Kravets, the New York-based director of investment research at Daniloff Capital LLC, said by phone on April 25. There are so many factors that point to a difficult time for retailers. The central bank raises interest rates and makes credit more expensive. Thats just another blow.

Surprise Increase

Policy makers unexpectedly raised Russias one-week auction rate to 7

12/25 02:30

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