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. Last Updated: 07/27/2016

09/18/2008

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Bankers Get Wish For Extra Liquidity

Staff Writers
A crisis of confidence shaking the banking sector appeared to ease Wednesday as the interbank lending rate slid by the end of the day, following a government pledge to provide greater access to funds for the country’s three largest banks.

Markets End Day Stuck In Limbo

In an unprecedented step, trading on Russian stock markets was suspended midday Wednesday until further notice, as financial authorities stepped in after the country’s top two banks lost one-fifth of their value in an hour.

Pitching Green Cars as High-Tech

Hybrid cars might be all the rage among Western drivers worried about high gas prices and pollution. But many Russian drivers couldn't care less.

Government Hesitance Worrying to Investors

As Russian markets suffer their worst crash since the 1998 default crisis amid earth-shattering global turmoil, longtime investors in the country warned that it was time for the government to wake up.

Aeroflot Bans Use of Its Name

Aeroflot on Wednesday banned all its subsidiaries from using the airline's name and logo in an attempt to protect its reputation after the weekend crash of a jet operated by subsidiary Aeroflot Nord killed 88 people.

Financial Crisis Puts Loans Out of Reach

Reuters
Only the biggest firms are expected to be able to secure new financing this year.

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