Growing damage from Russia's financial crisis on neighboring former Soviet states could bury President Vladimir Putin's dream of creating an economic union to rival the United States and European Union.
Tags: Russia
S&P downgrades Russia's sovereign credit rating to 'junk'
Ratings agency S&P cut Russia's sovereign credit rating to junk status on Monday, bringing it below investment grade for the first time in a decade.
Aviation's oil price dissident says fuel will stay low
For years he was a lone voice in the aviation industry despite being one of its best-known economists, a Cassandra-like figure whose warnings of a slump in oil prices went unheeded.
Russia details bank recapitalization scheme
Russian banks with at least 25 billion roubles in capital and willing to increase lending to key sectors of the economy will be able to participate in a 1 trillion rouble ($15.65 billion) recapitalization plan, Russia announced on Friday.
Terrorist Upheaval in Syrian Crisis Prompts US Pivotal Move from Making Bold Demands to Encouraging Peace Talks to End Bloodshed
Nearly four years since the Syrian civil war erupted, US makes a different stand from what it called out during the early days of the crisis.
Latest News
Russia's credit rating looks set to tumble into junk for the first time in more than a decade, a move that would exclude its bonds from a couple of high-profile indexes and may set off another wave of capital outflows.
A landmark legal opinion this week will remind the European Central Bank of the limits it faces as it advances towards money printing, while a tumbling oil price saps inflation in debt-strained Europe.
Fitch Ratings cut its rating on Russia to 'BBB minus' from 'BBB', citing significant deterioration in the country's economic outlook due to the slump in oil prices and falling value of the rouble.
The London auction scene is gearing up for another big season, with the two biggest auction houses targeting buyers around the world for evening sales in February expected to generate several hundred million pounds.
The United States continues to threaten Russia with retaliation for its development of new cruise missile technology.
Oil prices fell to fresh 5-1/2 year lows on Tuesday, extending losses after a 5 percent plunge in the previous session as worries over a global supply glut intensified.
Oil prices sank to fresh 5-1/2-year lows on Tuesday, extending losses after a 5 percent plunge in the previous session as worries over a global supply glut intensified.
Hyundai Motor Co (005380.KS) and affiliate Kia Motors Corp (000270.KS) aim to lift global vehicle sales by 2.5 percent in 2015, as capacity constraints and a weak market recovery set up the South Korean pair for their slowest expansion in 12 years.
Russian authorities are facing some unpalatable options as they try to keep the economy afloat - unless they can persuade President Vladimir Putin to curb massive military spending.
