Thomas L. Friedman, The New York Times, shares his thoughts on Russia's economic woes and the mounting pressure on Russian President Putin.» Read More
Howard Marks thinks that the drop in oil prices could finally expose low lending standards and provide better value in the markets.
BERLIN, Dec 19- German Foreign Minister Frank-Walter Steinmeier expressed concern on Friday that EU sanctions against Moscow for its actions in Ukraine could destabilize Russia and warned against "turning the screw" any further. The comments to German weekly Der Spiegel suggest a possible softening in the stance of Steinmeier, a member of the traditionally...
Some say the crisis in Russia won't ripple into Europe and the U.S. — we're not buying it, says portfolio manager Hugh Johnson.
BRUSSELS, Dec 19- European Union leaders warned Moscow they are ready to flex their combined muscle and "stay the course" in a long confrontation with Russia if President Vladimir Putin refuses to pull back from Ukraine. In comments that were part warning to Russia, where falling oil prices and Western trade sanctions have brought financial havoc, and part...
LONDON, Dec 19- About five years ago, General Electric Co, the largest Western player in Russia's market for medical equipment, uncovered pervasive corruption in its Russian business. Customs data show that since 2011 GE has made almost all its exports to Russia through a wholly-owned GE subsidiary in Moscow, which then supplies the local market.
MOSCOW/ LONDON, Dec 19- Russia pays hugely inflated prices for vital medical equipment made by Western companies, in part because some manufacturers channel sales through obscure intermediary companies, a Reuters examination has found. An analysis of 20,000 transactions dated between January 2006 and July 2013 found that international companies sold...
TOKYO, Dec 19- Japan's Nissan Motor Co and French partner Renault SA have stopped taking orders for some cars in Russia and could raise prices on others if the rouble's plunge continues, alliance Chief Executive Carlos Ghosn said on Friday. Russia is Nissan's fifth-largest market and the Japanese firm's alliance with Renault SA, of which Ghosn is chairman and...
*Asia shares buoyed as Wall St surges for second day. LONDON, Dec 19- World markets are ending their last full week of 2014 on a high, as Wall Street made its biggest two-day advance since late 2011 and European shares headed for their strongest week of the year. French IT services company Atos SE Xerox Corp's outsourcing arm.
Ken Courtis, chairman of Starfort Holdings, says Russian companies are being choked off from funding and Chinese banks will not be able to step in and provide the money needed.
CNBC's Hadley Gamble takes a look at what it's like to cover a European Union leaders summit, and why the canteen's yellow cake is infamous.
*EU leaders lay ground for long-term common front toward Moscow. BRUSSELS, Dec 19- European Union leaders warned Moscow they were ready exercise their combined muscle over the long haul in a confrontation with an economically wounded Russia if President Vladimir Putin refused to pull back from Ukraine. "It is obvious we will not find a long-term perspective for...
Tim Seymour, CIO at Triogem Asset Management, discusses how to approach Russia's financial markets as the country moves into an economic hibernation.
Former European Central Bank President, Jean-Claude Trichet, says Russia has learned "hard" lessons by the fall of the ruble, but he does not expect the currency to continue to free fall.
Is this breakout story on your radar? "Mad Money" host Jim Cramer is about to put it there.
Lauren Goodrich, Senior Eurasia Analyst at Stratfor, expects the ruble to continue fluctuating within a 10 percent band on expectations for more government intervention.
*Wall Street gains more than 2 pct. NEW YORK, Dec 18- Global equities markets rallied on Thursday, with Wall Street surging nearly 2.5 percent, as investors buoyed by policy comments from the U.S. Wall Street powered higher, with the S&P 500 putting up its best two days of gains since November 2011, according to Reuters data.
Low oil prices have created a unique opportunity, Blackstone CEO Steve Schwarzman said. Here's what else he sees as a good investment.
Putin may still be popular in Russia but his miscalculation could change that, said well-known economist Jim O'Neill.
CNBC's Eunice Yoon reports on the relationship between Russia and China.
Vladimir Putin blamed the west and U.S. for Russia's current economic situation. Details on Putin's press conference, with CNBC's Dina Gusovsky.