Eastern Europe News
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Russia’s unemployment rate plunged last month to match the lowest level since the global financial crisis roiled the economy in 2008 as companies raised spending to meet domestic demand.
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Kazakhstan is planning to impose borrowing limits on state-run companies after the government of President Nursultan Nazarbayev brought its debt to among the lowest levels worldwide, said Finance Minister Bolat Zhamishev.
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Wheat futures fell for the first time in six sessions in Chicago after climbing to the highest price in more than eight months in earlier trading, as rain in Ukraine and Russia may relieve drought concerns.
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President Vladimir Putin retained key ministers in Prime Minister Dmitry Medvedev’s new Cabinet, keeping control over the levers of power during what he called a challenging time for the global economy.
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