Russia Raises Key Interest Rate To 17 Percent Overnight In Bid To Halt Ruble Collapse

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Russia Raises Key Interest Rate to 17 Percent Overnight

(Reuters) – Russia’s central bank raised its key interest rate to 17 percent in the early hours of Tuesday morning in an emergency move to halt a collapse in the ruble as oil prices decline and the country’s sanctions-hit economy slides towards recession. The ruble RUB= RUB=EBS strengthened sharply after the decision, recouping some of its…

GrizzlyRock Value Partners returned 30 percent in the fourth quarter; Here are their favorite stocks

GrizzlyGrizzlyRock Value Partners returned 30.31% net for the fourth quarter, bringing its full-year return to 7.57% net. During the fourth quarter, longs added 42.8%, while shorts detracted 10.3%. Q4 2020 hedge fund letters, conferences and more In his annual letter to investors, which was reviewed by ValueWalk, managing partner Kyle Mowery noted that 2020 was Read More


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