Eastern Europe

International market turmoil: A sea-change in world economy

By Nick Beams, 28 August 1998

World markets went into a tailspin on Thursday, as panic spread over the global implications of the Russian meltdown and the deepening crisis in Asia.

Russian crisis shakes global markets

By Nick Beames, 25 August 1998

The announcement by the Russian government that it was devaluing the rouble, suspending trading in the short-term Treasury bill market and imposing a 90-day moratorium on international debt repayments resulted with the largest one-day fall on the London stock exchange since October 1987

Rival business, political cliques jockey for power in Moscow

Yeltsin's sacking of cabinet jolts Washington

By Barry Grey, 25 March 1998

Russian President Boris Yeltsin's sudden dismissal of his cabinet last Monday apparently took domestic observers as well as Moscow's Western allies unawares.