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SPDR S&P Russia ETF (RBL)

- NYSEARCA
  • Mon, Jan. 26, 4:46 AM
    • After months in which European officials had been debating whether it was time to begin rolling back Russian sanctions, the talk now is how to tighten them.
    • Pro-Moscow rebels, backed by what NATO says is the open participation of Russian troops, pressed on with their offensive on Sunday after restarting the war in eastern Ukraine.
    • The EU has called an emergency meeting of foreign ministers, while President Obama said he was considering all options short of military action to isolate Russia.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | 15 Comments
  • Sun, Jan. 18, 9:30 AM
    • Moody's on Friday cut its government bond rating on Russia, placing it just one notch above junk, citing the effects of plunging oil prices and the ruble.
    • "In the review for further downgrade, Moody's will assess the resiliency of the government's balance sheet, in particular its foreign currency reserves cushion," the ratings agency announced.
    • The downgrade brings Moody’s ratings on Russia in line with those from Standard & Poor’s and Fitch.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    • Previously: Russia placed on CreditWatch Negative at S&P
    • Previously: Fitch downgrades Russia to one notch above junk
    | 34 Comments
  • Wed, Jan. 14, 3:23 AM
    • Cutting its forecast from December when it expected a 0.7% contraction, the World Bank expects Russia's economy to contract by 2.9% in 2015 due to poor economic prospects in the euro zone and lower oil prices.
    • In a report on global economic growth released today, the bank also predicted Russian growth of 0.1% in 2016 and 1.1% growth in 2017.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | Comment!
  • Fri, Jan. 9, 5:15 PM
    • Fitch downgrades Russia's sovereign rating to BBB- from BBB, placing it just one notch above junk, with a negative outlook.
    • Russia’s economic outlook has “deteriorated significantly since mid-2014" due to the sharp drop in the price of oil and in the value of the ruble, coupled with a steep rise in interest rates, Fitch writes.
    • Plunging oil prices have exposed the close link between growth and oil prices, and ruble depreciation, intense market volatility and policy rate hikes to 17% from 10% are a major shock to the banking sector, the ratings agency says.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | 6 Comments
  • Tue, Jan. 6, 3:40 AM
    • "I think that sanctions must stop now," said French President Francois Hollande in an interview yesterday outlining that Western nations should instead offer to ease off on existing restrictions in exchange for progress in the peace process.
    • German Vice Chancellor Sigmar Gabriel also signaled concerns about the effect of sanctions on Russia’s stability stating that the goal was never to push Russia into chaos.
    • Peace talks between the leaders of Russia, Ukraine, France and Germany are scheduled for Jan. 15.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | 23 Comments
  • Dec. 29, 2014, 9:30 AM
    • Amid the sharp fall in oil prices, the collapse of the ruble and western sanctions, Russia’s economy ministry announced today that the country's GDP shrank by 0.5% in November compared to the same month last year.
    • The ruble weakened by almost 6% in early Moscow trading to 58.56 against the dollar before paring some of its losses. The currency is now trading at 56.18 against the dollar.
    • Several steps have been taken to prop up the ruble in the last few weeks, including an interest rate increase and the sale of foreign currency reserves.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | 17 Comments
  • Dec. 26, 2014, 7:08 AM
    • If oil prices average $60/bbl next year, the Russian economy could contract by 4% and the budget could have a deficit of more than 3% of GDP announced Finance Minister Anton Siluanov on Friday.
    • Siluanov also told journalists that he expected the ruble's average exchange rate to be around 51 rubles per dollar in 2015.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | 12 Comments
  • Dec. 26, 2014, 3:55 AM
    • Announcing that Ukraine's pursuit of NATO membership posed a danger to European security, Russian Foreign Minister Sergei Lavrov accused the West of using Kiev's bid as a way to fuel confrontation between Russia and Ukraine.
    • Russia has been facing economic troubles due to sanctions over the situation in Ukraine and low oil prices, and announced yesterday that it faced a higher than planned budget deficit for next year.
    • The ruble rose as much as 0.86% against the dollar today at 52.1, its strongest level in more than three week, as the government rolled out new steps to combat its decline, such as ordering exporters to sell some of their hard currency.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | Comment!
  • Dec. 25, 2014, 9:16 AM
    • Russia is facing a considerably higher deficit next year than planned as the economy slides toward recession, announced Finance Minister Anton Siluanov to reporters in Moscow.
    • "If incomes are lower and the main spending is fully financed, then we’ll have to use reserves and increase the deficit," said Siluanov. "One year with a deficit isn’t so scary, the most important thing is to prepare future budgets."
    • On top of U.S. and European sanctions over the situation in Ukraine, Russia has taken a big hit from low oil prices, it’s biggest source of revenue.
    • According to the central bank’s stress scenario, the country's GDP may also shrink by at least 4.5% in 2015 if crude averages $60/bbl.
    • Previously: Russian Finance Ministry says ruble instability is over (Dec. 25 2014)
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | 1 Comment
  • Dec. 25, 2014, 3:54 AM
    • Russia's Finance Minister Anton Siluanov said today he believed a period of instability on the domestic currency market was over.
    • Siluanov added that the central bank could lower its key interest rate if the stability persisted.
    • The ruble is up over 2% against the dollar at 52.57.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | 5 Comments
  • Dec. 24, 2014, 2:05 AM
    • Russia may lose its investment-grade credit rating for the first time in a decade after Standard & Poor’s placed the country on CreditWatch Negative.
    • The move "stems from what we view as a rapid deterioration of Russia’s monetary flexibility and the impact of the weakening economy on its financial system," the agency said in a statement.
    • S&P will resolve the CreditWatch upon the conclusion of its review, which is expected by mid-January.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | 5 Comments
  • Dec. 23, 2014, 4:29 AM
    • Russian Prime Minister Dmitry Medvedev has signed an order forcing the country's largest state exporters to sell part of their foreign currency revenues to help stabilize the ruble, Kommersant daily newspaper reports.
    • The paper added that the government has sent orders to gas firm Gazprom (OTCPK:OGZPY), oil firms Rosneft (OTC:RNFTF) and Zarubezhneft and diamond producer Alrosa.
    • The ruble is up 2% against the dollar today at 54.55, following yesterday's gains.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | 25 Comments
  • Dec. 22, 2014, 3:34 AM
    • China has stepped in to offer assistance to Russia as Vladimir Putin pursues support for the ruble without further depleting foreign-exchange reserves.
    • China will prop up its neighbor if needed and expand a currency swap between the two nations, increasing use of yuan for bilateral trade.
    • The ruble strengthened 5% against the dollar today amid the signs of Chinese support.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | 10 Comments
  • Dec. 19, 2014, 1:45 PM
    • SPDR S&P Russia (NYSEARCA:RBL) announces semi-annual distribution of $0.649.
    • 30-Day Sec yield of 3.91% (as of 12/17/2014).
    • Payable Jan 2; for shareholders of record Dec 23; ex-div Dec 19.
    | Comment!
  • Dec. 19, 2014, 4:25 AM
    • Russia's ruble strengthened today after Finance Minister Anton Siluanov confirmed his ministry had sold foreign currency and on expectations that exporters will step up dollar sales.
    • Siluanov said he was also certain that the ruble would firm at the beginning of next year.
    • Russia's central bank has spent over $80B defending the currency in 2014 amid a collapse in oil prices and Western sanctions over Ukraine.
    • The ruble is 2.3% stronger against the dollar at 60.22.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | Comment!
  • Dec. 18, 2014, 5:45 AM
    • Addressing Russia in his annual speech, Vladimir Putin said that the country's current economic difficulties could last for the next two years but the situation could improve faster.
    • Putin also declared that the central bank and government were taking adequate measures to support the ruble and that Russia's current economic situation was caused by external factors, mainly from the price of oil and gas.
    • The ruble is more than 2% weaker on the day at 61.72 against the dollar.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | 8 Comments
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RBL Description
The SPDR® S&P® Russia ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the S&P Russia Capped BMI Index (ticker: SPCQXRUP). Our approach is designed to provide portfolios with low portfolio turnover, accurate tracking, and lower costs.
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Country: Russia
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