MOSCOW (Reuters) - President Vladimir Putin assured Russians on Thursday that the economy would rebound after the rouble's dramatic slide this year but offered no remedy for a deepening financial crisis.
Commenting on the latest retail sales figures, John Ashcroft, Chief Economist at Greater Manchester Chamber of Commerce, said: �Retail Sales volumes increased by 6.4% in November compared to November last year.
Foreign banks in Switzerland will probably be more affected by the central bank's decision today to charge interest on deposits than the country's own lenders.
The government undervalued Royal Mail by a relatively small amount in its flotation last year, says a former City minister. Markets.
Although the UK oil industry may be 'close to collapse' due to the plummeting prices of crude, the economy as a whole may benefit from the situation, experts have said.