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The Russian financial crisis (also called the ruble crisis or the Russian flu) began in Russia on 17 August 1998. It resulted in the Russian government and the Russian Central Bank devaluing the ruble and defaulting on its debt. The crisis had severe impacts on the economies of many neighboring countries.
Souk Al-Manakh stock market crash: Aug 1982 Kuwait: Black Monday: 19 Oct 1987 USA: Infamous stock market crash that represented the greatest one-day percentage decline in U.S. stock market history, culminating in a bear market after a more than 20% plunge in the S&P 500 and Dow Jones Industrial Average. Among the primary causes of the chaos ...
The Moscow stock exchange remained closed on Tuesday and Wednesday as well, marking the longest stock market closure since October 1998. It further remained closed until 21 March 2022, marking almost a full month of closure. The Russian ruble fell to record lows as Russians rushed to exchange money.
Wall Street’s main benchmarks rallied on Tuesday as investors weighed a potential de-escalation of geopolitical tensions between Russia and Ukraine following news some Russian military units ...
The U.S. stock market has made a strong recovery in 2023, with the S&P 500 surging 23% year to date. However, “Rich Dad Poor Dad” author Robert Kiyosaki is sounding the alarm about potential ...
The price war was one of the major causes and effects of the ensuing 2020 stock market crash. In early April 2020 and again in June 2020, Saudi Arabia and Russia agreed to oil production cuts. The price of oil became negative on 20 April. Though oil production can be slowed, it can not be stopped completely, and even the lowest possible ...
U.S. stocks fell sharply on Tuesday to mark a volatile first day of March on Wall Street as investors weighed intensifying Russian attacks on Ukraine and the impact of Western sanctions on Moscow.
The Great Recession in Russia was a crisis during 2008–2009 in the Russian financial markets as well as an economic recession that was compounded by political fears after the war with Georgia and by the plummeting price of Urals heavy crude oil, which lost more than 70% of its value since its record peak of US$147 on 4 July 2008 before rebounding moderately in 2009.