Russia lifts rates as rouble, markets tumble
![](http://web.archive.org./web/20140303105650im_/http://images.smh.com.au/2014/03/02/5217410/1393756982722.jpg-192x128.jpg)
Russia's central bank has hiked its key lending rate to 7 per cent from 5.5 per cent, after local stocks plunged and the rouble dropped to a record low.
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0.8925 | -0.06% |
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Investor worry around the threat of war in Ukraine sunk shares early but the market then regained lost ground on upbeat economic data, supported by surging gold stocks.
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Amid another round of very mixed economic data, it's a the rise in consumer prices, including fruits and vegetables, that is set to keep the Reserve Bank sitting on the sidelines.
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Sydney home prices have continued to rise in February, despite an overall flat month for the Australian market.
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Swedish fashion group H&M; has arrived in the country and taken out a 10-year lease on a property at Eastern Creek, Sydney, being developed by Australand.
National Australia Bank has cut a range of fixed home loan interest rates, as competition in the mortgage market heats up.
AMP chairman Peter Mason, who guided the financial services major through the merger with AXA, will retire, after recently flagging plans to step down as David Jones chairman.
A plunge in the price of iron ore has prompted Citi to downgrade its expectations the earnings of BHP Billiton and Rio Tinto this year.
The veteran managing director of Oil Search, Peter Botten, will review his future at the $11.6 billion company at the end of this year but he has promised not to leave without a clear succession plan in place.
The Group of Seven major industrialised nations has condemned Russia's intrusion into Ukraine and canceled for now preparations for the G8 summit.
As the Bitcoin exchange Mt. Gox was careening towards collapse, its owner, Mark Karpeles, found that even some of his fellow virtual currency advocates were losing faith.
Professional social networking website LinkedIn has launched a Chinese language version of its website, a move that could jumpstart its expansion into the world's largest internet market.
Canada’s government recently made an abrupt decision that could have repercussions for Australia’s already overvalued residential property market.
Sydney home prices have continued to rise in February, despite an overall flat month for the Australian market.
Swedish fashion group H&M; has arrived in the country and taken out a 10-year lease on a property at Eastern Creek, Sydney, being developed by Australand.
After two intense weekends with more than 1300 auctions scheduled each time, the market is starting to slow.
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Comment & Analysis
What Ukraine might mean for markets Contains: This article contains a video.
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