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  • Belarus' president promises help for Ukraine Sunday, 21 Dec 2014 | 12:21 PM ET

    MOSCOW— Belarus' authoritarian president on Sunday promised to help Ukraine as it struggles through its pro- Russia separatist insurgency and economic hardships. Ukraine's year of crisis has been unsettling to Belarusian President Alexander Lukashenko, who has ruled autocratically since 1994, and wants to fend off any protest movement like those that...

  • ABU DHABI, Dec 21- Saudi Arabia said on Sunday it would not cut output to prop up oil markets even if non- OPEC nations did so, in one of the toughest signals yet that the world's top petroleum exporter plans to ride out the market's biggest slump in years. "If they want to cut production they are welcome: We are not going to cut, certainly Saudi Arabia is not going to cut."

  • At a meeting in November, OPEC kept its target output of 30 million barrels per day unchanged, leaving the market to balance itself without the group's intervention. That stance was seen as a shift from a longstanding policy in which OPEC powerhouse Saudi Arabia acts as a swing supplier. Speaking in Abu Dhabi, the capital of the United Arab Emirates, he said: "The talk...

  • KYBARTAI, Lithuania, Dec 21- Geopolitics plague Lithuanians at this frozen Russian border post, where a return trip by car can mean 48 hours of queuing. Tensions with Moscow have simmered ever since Lithuania became the first republic to declare independence from the Soviet Union in 1990, although only 6 percent of the population are Russian speakers, far fewer...

  • WASHINGTON, Dec 19- The United States on Friday prohibited investment in Crimea and slapped sanctions on 24 Ukrainians and Russians and several companies it determined were contributing to destabilizing Ukraine. The actions followed similar moves by the European Union this week, and continue the West's policy of not recognizing Moscow's annexation of...

  • Did Russia, North Korea change the market game? Friday, 19 Dec 2014 | 2:03 PM ET
    Traders on the floor of the New York Stock Exchange, December 1, 2014.

    Some big news this week, including Russia and North Korea. Did any change the game for the market? NYSE floor trader Kenny Polcari weighs in.

  • Howard Marks: Oil prices expose 'debt's weaknesses' Friday, 19 Dec 2014 | 11:36 AM ET
    Oaktree Capital Management co-founder and Chairman Howard Marks speaks during an interview in New York, Sept. 5, 2014.

    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...

  • Why Russia's crisis could have a ripple effect Friday, 19 Dec 2014 | 10:56 AM ET
    The train ferry crosses the Kerch strait from Port Caucasus, Krasnodar region in southern Russia towards Port Crimea.

    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.

  • Putin: Russia military modernization to go ahead Friday, 19 Dec 2014 | 10:44 AM ET

    Speaking at a meeting with Russia's top military brass, Putin said the nation's nuclear forces are a "major factor in maintaining global balance," adding that "they effectively preclude the possibility of a large-scale aggression against Russia." The huge military buildup is continuing despite the country's economic woes, triggered by a combination of...

  • 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...

  • How GE changed tack on Russia Friday, 19 Dec 2014 | 6:03 AM ET

    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.

  • UK PM: Must keep pressure on Russia  Friday, 19 Dec 2014 | 4:10 AM ET

    At the European Union summit, sanctions on Russia is all the talk. U.K. prime minister David Cameron says the pressure must be kept on Russia while President of the European Council, Donald Tusk, stated that EU needs a consistent strategy towards Russia. CNBC's Hadley Gamble reports.

  • Russia's economy matters!  Friday, 19 Dec 2014 | 4:00 AM ET

    Discussing a slowdown in Russia, Holger Schmieding, chief economist at Berenberg Bank, looks back at the Russian economic crisis in the 1990s and how it impacted Europe, adding that worst case - it might happen again.

  • China can't come to Russia's economic rescue: Pro  Friday, 19 Dec 2014 | 2:30 AM ET

    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.

  • Behind the scenes of the 'tedious' EU summit  Friday, 19 Dec 2014 | 2:10 AM ET

    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 ready long confrontation with Russia Thursday, 18 Dec 2014 | 8:54 PM ET

    *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...