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SPDR S&P Russia ETF (RBL)

- NYSEARCA
  • Fri, Mar. 13, 7:03 AM
    • Russia cut its main interest rate once again today, slashing its key rate by 1 percentage point to 14%. It comes after the rate was lowered to 15% from 17% at the end of January.
    • Russia's broader economy has been hard hit by economic sanctions following its annexation of Crimea and its role in the Ukraine crisis, as well as a sharp decline in global oil prices.
    • Over the last 12 months, the ruble has weakened close to 70% against the dollar, and inflation came in at 16.7% in February, posing further troubles for the country.
    • ETFs: RUSS, RSXJ, ERUS, RBL, RSX -0.4%, RUSL -0.8% premarket
    | Fri, Mar. 13, 7:03 AM | 1 Comment
  • Sun, Feb. 22, 7:19 AM
    • Nearly a week after a ceasefire was supposed to have gone into effect in Ukraine, Secretary of State John Kerry said on Saturday that he and his British counterpart, Philip Hammond, would discuss additional sanctions in response to Russia’s "brazen" violations of the agreement.
    • "We know to a certainty what Russia has been providing to the separatists," announced Kerry. "We’re not going to sit there and be part of this kind of extraordinarily craven behavior at the expense of the sovereignty and integrity of a nation."
    • Russia’s credit rating was cut to below investment grade by Moody’s Investors Service on Friday, joining Standard & Poor’s in ranking the country’s debt as junk.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | Sun, Feb. 22, 7:19 AM | 109 Comments
  • Fri, Feb. 20, 4:48 PM
    • A month after downgrading Russia's debt rating to the brink of junk status (Baa3), Moody's has taken things a step further and downgraded to Ba1, with a negative outlook. The ratings agency notes Russia is "expected to experience a deep recession in 2015 and a continued contraction in 2016."
    • S&P downgraded Russia to junk on Jan. 26. Fitch downgraded to the brink of junk on Jan. 9.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | Fri, Feb. 20, 4:48 PM | 4 Comments
  • Wed, Feb. 18, 4:46 AM
    • The U.S. has directly accused Russia of violating the ceasefire in Ukraine, amid reports that some Ukrainian troops are pulling out of the strategic rail hub of Debaltseve.
    • Separatist forces fought their way into the key railway junction on Tuesday despite a ceasefire which came into effect earlier this week.
    • Strongly condemning the violence, Joe Biden warned the "costs to Russia will rise" if it "continues to violate the Minsk agreements."
    • Yesterday, Ukraine posted a fall in GDP of 15.2% Y/Y in the fourth-quarter.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | Wed, Feb. 18, 4:46 AM | 7 Comments
  • Mon, Feb. 16, 4:52 AM
    • The EU has placed more Ukrainian and Russian people and organizations under sanctions today, accusing them of "undermining or threatening" Ukraine's independence.
    • The move comes just days after a new cease-fire agreement was announced in Minsk, although several reports have surfaced that some of the rebels have not observed the truce.
    • Russian share indexes opened lower this morning. The MICEX is now down by 1.9%, while the dollar-based RTS is down 0.8%.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | Mon, Feb. 16, 4:52 AM | 4 Comments
  • Thu, Feb. 12, 5:45 AM
    • A ceasefire between Russia and Ukraine has been agreed starting February 15, said Vladimir Putin in Minsk, as a 17 hour, four-way meeting between Russia, Ukraine, France and Germany concluded.
    • The new deal revived a failed September ceasefire agreement, with commitments from each side to pull back heavy weapons, as well as greater autonomy for separatist regions in eastern Ukraine.
    • The ruble gained about 1% against the dollar following the news; the RTS index is up 4.7%.
    • Previously: 'No good news yet' from Ukraine meeting (Feb. 12 2015)
    • ETFs: RSXJ, ERUS, RBL, RUSL +6.8%, RUSS -3.5%, RSX +2.7% premarket
    | Thu, Feb. 12, 5:45 AM | 32 Comments
  • Thu, Feb. 12, 4:01 AM
    • Russia has presented "unacceptable" conditions, and there has been "no good news yet," said Ukrainian President Petro Poroshenko as world leaders meet in Minsk to settle on an agreement to keep Ukraine from falling apart.
    • The four-way meeting, also being attended by the heads of France and Germany, began late on Wednesday and continued into Thursday morning.
    • Meanwhile, International Monetary Fund chief Christine Lagarde has announced that Ukraine will receive about $40B in funding over the next four years, with nearly half of the funding coming from the IMF.
    • RSX, RUSL, RSXJ, ERUS, RBL, RUSS -1.9% premarket
    | Thu, Feb. 12, 4:01 AM | Comment!
  • Mon, Feb. 9, 3:36 AM
    • As the conflict in the region escalates, Germany's Angela Merkel has given Russian President Vladimir Putin until Wednesday to agree to a road map to end the fighting in eastern Ukraine, when they will meet in Belarus to finalize a deal.
    • The West is now debating whether to add sanctions, including broader asset freezes, or a combination of sanctions and arms transfers, should the diplomacy fail.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | Mon, Feb. 9, 3:36 AM | 5 Comments
  • Sat, Jan. 31, 5:01 PM
    • Russia’s gross domestic product is expected to shrink by 3% in 2015 with oil prices at $50/bbl and an estimated capital outflow at $115B, announced Alexei Ulyukayev, the country's economy minister.
    • Inflation in 2015 is now forecast to stand at 12%, up from the previous estimate of 7.5%, he added.
    • The announcement comes just a day after the Russian central bank unexpectedly lowered its key interest rate by two percentage points to 15%, and almost a week after the country's credit rating was cut to "junk status" at Standard & Poor's.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | Sat, Jan. 31, 5:01 PM | 74 Comments
  • Fri, Jan. 30, 6:23 AM
    • Russia's central bank lowered its key interest rate to 15% today, amid calls from government officials and business leaders for a cut to stimulate growth.
    • The move comes just one month after announcing a surprise hike from 10.5% to 17% to shore up the weakening ruble.
    • The ruble slid over 3% on the news, falling to 71.15 vs. the dollar.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | Fri, Jan. 30, 6:23 AM | 11 Comments
  • Fri, Jan. 30, 3:31 AM
    • Winning support from Greece, European Union foreign ministers have extended existing sanctions against Russia, but held off on tighter economic measures for now.
    • Last year's travel bans and asset freezes will now continue until September.
    • Ministers also discussed the names of additional people who could be targeted with sanctions when they meet again on Feb. 9.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | Fri, Jan. 30, 3:31 AM | Comment!
  • Tue, Jan. 27, 4:07 AM
    • The ruble has recovered slightly trading at 67.62 per dollar, after ending Monday's session over 6% lower at 68.79.
    • The plunge followed yesterday's move by the S&P to downgrade Russia's sovereign rating to junk due to weak economic growth prospects, low oil prices and Western sanctions.
    • Russian share indexes opened lower this morning, although the ruble-based MICEX is now up by 1.1%, while the dollar-based RTS is down 1%.
    • ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
    | Tue, Jan. 27, 4:07 AM | 11 Comments
  • Mon, Jan. 26, 1:07 PM
    | Mon, Jan. 26, 1:07 PM | 8 Comments
  • 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
    | Mon, Jan. 26, 4:46 AM | 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
    | Sun, Jan. 18, 9:30 AM | 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
    | Wed, Jan. 14, 3:23 AM | Comment!
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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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