Barack Obama said on Sunday that the U.S. would consider all additional options short of military action to rein-in Moscow's activities in Ukraine.» Read More
As the U.S. draws closer to Cuba, here's what American travelers can expect to see in colorful Havana.
Norway may be Europe's biggest oil exporter, but its premier is less concerned about energy prices than security issues around terrorism and Russia.
DAVOS, Switzerland— Russian Prime Minister Igor Shuvalov, speaking at the World Economic Forum in Davos, on Friday warned the West against trying to topple President Vladimir Putin and said that Russians are ready to sacrifice their wealth in Putin's support. Russia has for the past year been sliding into recession amid a slump in its energy export prices as...
LONDON, Jan 23- Emerging equities were headed on Friday for their biggest weekly gain in 10 months, while bonds and currencies rallied across the board, thanks to the European Central Bank's trillion-euro stimulus pledge. MSCI's emerging equities index was more than 1 percent higher after the ECB on Thursday announced details of its planned bond-buying...
The European Central Bank said on Thursday it would buy 60 billion euros of bonds a month starting in March, boosting Russian assets. Russia's key interest rate is at 17 percent, more than 10 percent higher than in most Western countries. The rouble was also supported on Friday by higher prices for oil, Russia's chief export.
Oleg Deripaska, president of Rusal, says it is unclear whether the Russian government will enact reforms due to the low oil price.
Herman Gref, CEO of Sberbank, says the low oil price has created a "dramatic" situation for Russian banks and some will go bust.
Vagit Alekperov, CEO of Lukoil, says OPEC is not targeting Russian oil producers but instead it's aiming at "alternative" oil companies.
Discussing the Ukraine crisis, Pavlo Klimkin, minister of foreign affairs in Ukraine, weighs in on why there's no progress with other countries on the Minsk agreement.
At Davos, Aivaras Abromavicius, economy minister of Ukraine, says the country wants to use this crisis to "kickstart reforms" and "clean up the house", including tackling economic, corruption and tax issues by 2016.
MOSCOW, Jan 22- Russian food retailer O'Key said on Thursday its fourth quarter like-for-like sales fell 5 percent because of a sharp drop in customer traffic. Russia banned some food imports from the West in August for one year in retaliation to Western sanctions over Moscow's role in the Ukraine crisis. Unlike Magnit and X5, which operate large discount chains,...
OSLO/ STOCKHOLM, Jan 22- Western sanctions on Russia are restricting the Arctic shipping route along its north coast to domestic cargoes and energy exports with many foreign firms staying away after test voyages on a fabled short-cut between Europe and Asia. Now it seems that reality is kicking in, "said Bjorn Gunnarsson, managing director of the Centre for High...
Our main goal is to build a modern European democratic country, says Vitali Klitschko, Kiev Mayor, discussing Ukraine's conflict with Russia, the need for international aid and the country's energy needs.
MOSCOW, Jan 22- Prime Minister Dmitry Medvedev said on Thursday a government programme to recapitalise Russia's banking system using OFZ treasury bonds should be completed by the end of the month, TASS news agency reported.
Dmitry Kostygin, CEO of internet retailer Ulmart, says the company is looking to list in either London or New York in 2015 or 2016 with the aim of raising $1 billion.
The Brookings Institution and JPMorgan Chase ranked 300 major cities worldwide for economic performance last year.
Individuals doing business with Russian clients say Obama's claims of Russia's economy being in "tatters" are absolutely correct.
DAVOS, Switzerland, Jan 21- Ukrainian President Petro Poroshenko accused Russia on Wednesday of sending 9,000 troops to back separatist rebels in the east of his country, and the IMF chief said she backed extra financial help for Kiev as the conflict inflicts severe economic damage. However, he won support from NATO, which said the amount of heavy military...
At Davos, Ukraine's President Petro Poroshenko talks to CNBC about how the country needs help from the rest of the world to stop its conflict with Russia.
At Davos 2015, Dalia Grybauskaite, president of Lithuania, talks about the tensions between Ukraine and Russia, saying she supports Ukraine and we will not embrace "terroristic behavior or military aggression."