Vladimir Putin

Japanese investors sell record amount of euro-denominated bonds in March

Investors in Japan sold 1.96 trillion yen ($19.2 billion) worth of euro-denominated long & medium-term bonds in the month of March this year, fresh data released by Ministry of Finance revealed.

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Russia Drought Helps Wheat Jump Up

Prime Minister, Vladimir Putin has been forced to declare state emergency in 28 regions out of the existing 83, which was a compelled pronouncement made after seeing the worst scenario of drought in Russia that ultimately helped wheat surge by no less than 19%.

A strong Ruble has added effect upon cooling inflation than increasing the borrowing costs since import prices have stronger effect upon the consumer price index than it has on the rates of money market, as informed by Luis Costa, a market Strategist at Citigroup.

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