Bank of Russia Predicts 2015 Stagnation on Sanctions, Oil

Bank of Russia Predicts 2015 Stagnation on Sanctions, Oil

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The Financial Stability Board proposed new rules requiring banks to have a total loss absorbing capacity of up to 20% of their risk-weighted assets, effective from 2019. Western sanctions and falling oil prices are impacting Russia's economy, causing the ruble to rise against the dollar. President Obama, visiting China for the APEC Forum, emphasized the economic growth potential in Asia for the U.S. economy. Meanwhile, Janus Capital saw significant growth in net deposits after hiring Bill Gross from PIMCO, as the firm aims to rebuild its brand.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of the projected economic growth in Asia for the United States?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What impact did Bill Gross's departure from PIMCO have on Janus Capital?

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