• *Rouble dips after S&P threatens Russia with junk status. *Brent oil drops back to $60 a barrel. Most Asian markets had edged up overnight and Europe was looking to close the Christmas week up 1 percent despite a subdued day on Wednesday.

  • ALMATY, Dec 24- Kazakhstan's government promised on Wednesday to prevent sharp volatility in the tenge currency in 2015, it said in a statement. The oil-rich Central Asian nation devalued the tenge by 19 percent in February to ease pressure on its economy. Kazakhstan's competitiveness has been hurt by a sharp slide in the Russian rouble.

  • UPDATE 2-Russia's grain exports stop - farm lobby Wednesday, 24 Dec 2014 | 7:59 AM ET

    *About 3 mln T of grain are now stuck in Russia- Union. *Wheat futures rise on Russia export curbs. Russia's main wheat buyers are Turkey, Iran and, very vulnerable to supply disruption, Egypt.

  • Russia in offer to help firms with foreign debts Wednesday, 24 Dec 2014 | 5:04 AM ET

    MOSCOW— With inflation showing clear signs of picking up, Russia's central bank said Wednesday it will look to help companies with their foreign debts— a move it hopes will ease the pressure on the national currency. Following on from other measures to stabilize the ruble, such as a big increase in its key interest rate to 17 percent, the Central Bank said it will...

  • *Rouble dips after S&P puts Russia on junk downgrade warning. LONDON, Dec 24- The strongest growth for the world's largest economy in over a decade meant there was plenty of pre-Christmas cheer in global markets on Wednesday, as stocks continued their strong run and the dollar hovered at an 8-1/ 2 year high. The data drove both the Dow Jones and the S&P 500 benchmark...

  • UPDATE 1-Russia may fail to supply wheat to Egypt in Jan Wednesday, 24 Dec 2014 | 4:49 AM ET

    MOSCOW, Dec 24- Russia may fail to supply wheat to Egypt's state buyer GASC in January as its exports have been effectively suspended by informal government curbs, Arkady Zlochevsky, the head of Russia's Grain Union, said on Wednesday. Russia's government imposed informal curbs with tougher quality monitoring and limits on railroad loadings earlier this...

  • Looking to 2015: How will BRIC and EMs fare?  Tuesday, 23 Dec 2014 | 5:37 PM ET

    Walter Molano, Chief Economist at BCP Securities, says Russia's economy is a victim of Western sanctions and lower oil prices. He also explains why EMs will face many headwinds in the year ahead.

  • Russia not the tip of contagion crisis: Expert Tuesday, 23 Dec 2014 | 4:31 PM ET
    Russian Prime Minister Dmitry Medvedev listens during a meeting with senior ruling United Russia Party officials in Moscow, Russia, Dec. 23, 2014.

    Global investors shouldn't be looking at Russia as the tip of a systemic Russia-leads-to-contagion crisis, Douglas Rediker said.

  • Fallout from Putin's plans  Tuesday, 23 Dec 2014 | 3:18 PM ET

    Russia's Prime Minister warned there's a risk of "a deep recession." Details, with CNBC's Eamon Javers, and Douglas Rediker, International Capital Strategies, who outlines risks to the overall global economy.

  • Russian opposition faces Internet censorship Tuesday, 23 Dec 2014 | 1:44 PM ET

    MOSCOW— Supporters of Russia's most prominent opposition leader on Tuesday revived their campaign to stage a protest near the Kremlin, despite government attempts to hamper their efforts by Internet censorship. Last week, prosecutors asked a court to sentence Alexei Navalny, President Vladimir Putin's chief foe, to 10 years in prison for allegedly...

  • S&P puts Russia on CreditWatch Negative  Tuesday, 23 Dec 2014 | 12:27 PM ET

    CNBC's Michelle Caruso-Cabrera reports Standard and Poor's has cut Russia's outlook.

  • 16 Russian banks at risk of ratings cut by Moody's Tuesday, 23 Dec 2014 | 11:39 AM ET
    An employee counts Russian ruble banknotes at an office in Siberia in December, 2014.

    Moody's Investors Service could cut the ratings on up to 16 Russian banks, the credit ratings agency warned on Tuesday.

  • Russia, 4-ex-Soviet nations finalize new alliance Tuesday, 23 Dec 2014 | 9:48 AM ET

    The Eurasian Economic Union, which includes Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan, comes to existence on Jan. 1. Russia then annexed Ukraine's Black Sea Crimean Peninsula, and a pro- Russia mutiny has engulfed eastern Ukraine. Belarus, sandwiched between Russia and European Union members Poland and Lithuania, has profited handsomely from Moscow's...

  • Cramer: Underestimating power of low oil  Tuesday, 23 Dec 2014 | 9:03 AM ET

    CNBC's Jim Cramer and David Faber discuss the impact of cheap oil on the U.S. economy.

  • Cramer: If next year is 1999... be long  Tuesday, 23 Dec 2014 | 9:01 AM ET

    Discussing optimist market comments by hedge fund manager David Tepper, CNBC's Jim Cramer says if Tepper is right in his assessment for 2015, next year will be remarkable.

  • The Avon Lady is Russian. Who knew? Tuesday, 23 Dec 2014 | 8:30 AM ET

    BMO downgraded Avon Products to "underperform" on concerns the falling ruble will destabilize the region, seriously hurting door-to-door sales there.

  • *Rouble at its highest level against dollar since Dec. 8. MOSCOW, Dec 23- The Russian rouble hit its highest levels in two weeks on Tuesday, shored up by informal capital control measures designed to head off a repeat of the galloping inflation and mass protests that marked Russia's 1998 financial crisis. Shortly after the market opening, the rouble hit 52.88 to the...

  • As recession looms, Russia acts to support ruble Tuesday, 23 Dec 2014 | 7:37 AM ET

    MOSCOW— With its economy spiraling toward recession following Western sanctions and a dramatic fall in the price of oil, Russia took another step Tuesday to shore up the value of the ruble, which has been one of the world's worst-performing currencies this year. Russia's energy-dependent economy has suffered a severe economic shock over the past few months,...

  • Cross Rate: What currency to watch in 2015?  Tuesday, 23 Dec 2014 | 5:00 AM ET

    Where are the commodity currencies heading over the next year? Jane Foley, senior currency strategist at Rabobank seems confident that we should watch the "Aussie/Yen" in 2015.

  • Russia's market sends ripple effects elsewhere  Tuesday, 23 Dec 2014 | 4:00 AM ET

    Europe is exposed to Russia's market and its economic downfall, however the impact could be "fairly limited" on the EU markets says Otilia Dhand, vice president of Teneo Intelligence.