Andrew Wood, former U.K. ambassador to Russia, says Russian President Vladimir Putin is in trouble and would need a "miracle" to turnaround the country's economy.» Read More
MOSCOW— The Russian currency is on the way down after a top ratings agency cut Russia's credit rating to junk. Standard& Poor's downgraded Russia's rating to BB-plus, a non-investment grade, for the first time since 2004, citing a slide in the ruble and weakening revenue from oil exports. Russia's economy has been hit by the double impact of weaker energy prices as...
RUSSIA AND IRAN TO CREATE MUTUAL ACCOUNT FOR BILATERAL PAYMENTS IN NATIONAL CURRENCIES- RIA CITES IRANIAN AMBASSADOR TO MOSCOW.
*Russia added 20.73 tonnes in December-IMF. *Gold price rose in December for first time in five months. SINGAPORE, Jan 27- The Netherlands raised its gold holdings for the first time in 16 years in December, while Russia extended its buying spree of the precious metal to a ninth straight month, data from the International Monetary Fund showed on Tuesday.
NASA should save more than $12 million a seat flying astronauts on commercial space taxis rather than aboard Russian capsules.
NEW YORK, Jan 26- The euro rebounded on Monday as investors took advantage of steep losses sustained during two days of dramatic selling, with the final push down to a fresh 11- year low coming after elections in Greece put an anti-austerity government in power. Greece elected, as expected, left-wing leader Alexis Tsipras of the anti-bailout Syriza party.
NEW YORK— Three Russian citizens were charged Monday in connection with a Cold War-style Russian spy ring that spoke in code, passed messages concealed in bags and magazines, and tried to recruit people with ties to an unnamed New York City university, authorities said. The defendants were directed by Russian authorities to gather sensitive economic...
CNBC's Steve Liesman discusses the S&P's downgrade of Russia and whether the country is in danger of default.
The S&P has downgraded Russia to below investment grade, junk. Details, with CNBC¿s Michelle Caruso-Cabrera.
2014 ranked as a horrible year for many countries, according to an index, with Venezuela topping the list as the most miserable place on Earth.
MOSCOW— Russian security forces raided independent Crimean television station ATR on Monday, seizing equipment and telling employees they were looking for archival footage of an anti- Russia protest last year, station officials said. In an emotional video posted on YouTube, deputy director Liliya Budzhurova said that armed men from Russia's Investigative...
Tumbling oil prices and Western sanctions over Russia's role in Ukraine have pushed the rouble to record lows and fuelled price rises. "Unlike during the 2008-2009 crisis, now there is a significant decline of real disposable incomes in Russia so food budgets will most likely fall," said Ekaterina Lipatova, an analyst at Moody's Investors Service.
MOSCOW, Jan 26- Russian officials will have to revise the spending priorities of one of Russia's two "rainy day" funds, daily newspaper Vedomosti reported on Monday, as officials scramble to find ways to fight a deepening financial crisis. Citing sources in Russia's financial and economic sectors, Vedomosti said officials needed to find ways of funding its "...
To avoid being called a party to the conflict, as Ukraine and the West see it, Russia is pushing the Ukrainian government to speak directly to the rebels. "is not even an army, it's a foreign legion, in this case a NATO foreign legion," Putin said, adding that it's serving the goal of "the geopolitical containment of Russia, which absolutely don't coincide with the...
MOSCOW, Jan 26- The Russian rouble fell sharply on opening on Monday, following a weekend of violence in eastern Ukraine and threats of further Western sanctions against Russia. President Vladimir Putin blamed "criminal orders" by Ukrainian leaders on Friday for a surge in fighting in east Ukraine, and Russian-backed separatists struck a bellicose tone in...
The euro may be the Charlie Brown of currencies. Like the comic character, it's under a cloud of negatives, with analysts tipping further downside.
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.
Unexpectedly, at the height of the Ukrainian winter, war has exploded anew on a half-dozen fronts across eastern Ukraine. The New York Times reports.
Russian business owners in the United States feel pressure from the ruble's collapse and the country's ongoing downturn.
At Davos, Irakli Garibashvili, Prime Minister of Georgia wants a greater international response to the Ukraine crisis.
As the U.S. draws closer to Cuba, here's what American travelers can expect to see in colorful Havana.