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Apple halts Russia online sales as ruble tumbles

Apple said it had halted online sales of iPhones, iPads and computers in Russia as the ruble's plunge made it difficult for sellers of imported goods to fix local prices.

Apple halts Russia online sales as ruble tumbles
Russia grapples with shock ruble fall
Russia grapples with shock ruble fall

The Russian currency crashed to unprecedented lows trading at 80 rubles to the dollar and 100 to the euro.

Russia grapples with shock ruble fall
Photo courtesy of m-astana.kz
Russia-Kazakhstan trade affected by Russian economic slowdown

Experts say stagnation in the Russian economy has had its effect on the Kazakh-Russian trade turnover.

Russia-Kazakhstan trade affected by Russian economic slowdown
One ruble. Photo courtesy of eer.ru
German Foreign Minisiter calls Kazakhstan Central Asian 'anchor of stability'

German Foreign Affairs Minister Steinmeier has called Kazakhstan an 'anchor of stability' in Central Asia but expressed worries that geopolitical situation in the region might affect economic cooperation between the two countries.

German Foreign Minisiter calls Kazakhstan Central Asian 'anchor of stability'
A reflection of a yearly chart of U.S. dollars and Russian roubles are seen on rouble notes in this photo illustration. ©REUTERS
Russian central bank ready to step in to stop ruble panic

Russia's central bank said it was ready to step in to protect the crashing ruble, after the currency was hammered by a day of panic selling.

Russian central bank ready to step in to stop ruble panic
Information board with the ruble exchange rate in Moscow ©RIA Novosti
Sliding Ruble hurts Kazakhstan's exports to Russia

The continuing fall of the ruble exchange rate against dollar is taking its toll on the exports Kazakhstan is supplying to Russia.

Sliding Ruble hurts Kazakhstan's exports to Russia
©REUTERS
Oil prices and currency rates approach alarming levels for Kazakhstan

Financial analyst Anna Kokoreva explains how the oil prices pressure Kazakhstan's economy.

Oil prices and currency rates approach alarming levels for Kazakhstan
Russia's ruble hits new record low as oil price adds pressure
Russia's ruble hits new record low as oil price adds pressure

Russia's ruble slumped to new all-time lows against the euro and dollar despite the central bank spending billions to defend the currency.

Russia's ruble hits new record low as oil price adds pressure
© Tengrinews
Kazakhstan to toughen monetary policies should pressure on Russian ruble persist

Rising inflation rate in Russia may force the National Bank of Kazakhstan to toughen its policies.

Kazakhstan to toughen monetary policies should pressure on Russian ruble persist
©Yaroslav Radlovsky
Almaty commuters pay broken keys for bus fare

Cunning commuters would use anything but money to pay for a bus fare in Almaty.

Almaty commuters pay broken keys for bus fare
China seeks world role for 'people's money'
China seeks world role for 'people's money'

With deals from London to Singapore, China is seeking a greater role for its yuan currency in global markets to challenge the hegemony of the almighty dollar.

China seeks world role for 'people's money'
Tengrinews.kz stock photo
Russian Ruble lays claims on common currency role in Customs Union

Introduction of a common currency inside the Eurasian Economic Community that includes Kazakhstan, Russia and Belarus is irrelevant: Russian President's advisor.

Russian Ruble lays claims on common currency role in Customs Union
Madiyar Kenzhebulat in BloGpost show
Kazakhstan Tenge will not be devalued: expert

An expert of Kazakhstan Ministry of Economic Development Madiyar Kenzhebulat said that 166 tenge per 1 dollar would be “the worst scenario” for Kazakhstan currency.

Kazakhstan Tenge will not be devalued: expert
Gregory Marchenko. ©Vladimir Dmitryev
Rumors of currency devaluation born in beauty parlors and taxis: Gregory Marchenko, Governor of the National Bank

According to him, with the current prices for commodities the tenge is posed to strengthen.

Rumors of currency devaluation born in beauty parlors and taxis: Gregory Marchenko, Governor of the National Bank
Gregory Marchenko. ©Vladimir Dmitryev
Kazakhstan capable of maintaining stability of the national currency: Central Bank Head

According to him, Kazakhstan’s exporters are in a better position than their Russian counterparts.

Kazakhstan capable of maintaining stability of the national currency: Central Bank Head
Kairat Kelimbetov. By Yaroslav Radlovsky ©
Economy Minister Kairat Kelimbetov doesn’t see the Russian rouble in the capacity of the global reserve currency

If we talk of some reserve currency in our region, it should be a basket of the China’s renminbi, the Russia’s rouble and the Kazakh tenge: Kelimbetov.

Economy Minister Kairat Kelimbetov doesn’t see the Russian rouble in the capacity of the global reserve currency