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The Russian currency crisis could turn into a broader economic crisis that could spill over to key emerging markets, Charles Dallara said.
The ruble extended gains in the minutes following the Russian central bank's announcement that it is preparing to pump money into banks in 2015.
Much worse things than will actually happen have been priced into Russian equities, says ETF specialist Tom Lydon. Ripe for the picking?
WARSAW, Poland— Ukraine's president on Wednesday urged Poland's politicians and business people to intensify ties with his country as it conducts reforms to follow European standards. Addressing Poland's lawmakers and senators, Poroshenko said that Russia's takeover of Crimea and the support that Moscow gives to Ukraine's separatists have fortified...
Investors should look for softer rhetoric on Ukraine from Russian President Vladimir Putin and for signs of a bounce, said Christopher Granville.
The Russian ruble is seeing a slight rebound after Tuesday's rate hike. Chris Turner, head of FX strategy at ING, discusses whether this puts investors at ease.
Monetary authorities in Russia have come out with a raft of new proposals to support Russia's economy, reports CNBC's Geoff Cutmore.
MOSCOW, Dec 17- Russia's rouble strengthened sharply on Wednesday after dramatic falls on the previous two days as the government pressured exporters not to hoard foreign-currency earnings and the central bank announced new measures to support financial stability. The situation poses a major challenge for President Vladimir Putin whose popularity,...
*OPEC, Russia unwilling to cut supply, spurring weakness. LONDON, Dec 17- Brent crude oil moved above $60 a barrel on Wednesday as U.S. data showed falling crude inventories, stemming deep losses brought on by a supply glut and signals from OPEC producers and Russia that they will not cut production. "The decline in overall crude oil inventories was smallish," said John...
MOSCOW, Dec 17- The Russian economy stagnated in November, data published on Wednesday showed, making it even more likely that the rouble's rapid collapse so far this month will push it into recession next year. Investment by Russian companies, once a staple of the country's economic performance, fell sharper than expected last month, underlining pressure from...
Discussing if Russia's shrinking economy is becoming a global economic threat, with Charles Dallara, The Americas of Partners Group.
Jeffrey Immelt, General Electric chairman & CEO, explains the company's exposure to Russia, and where he sees growth in China and emerging markets.
Art Cashin, UBS director of floor operations, discusses expectations for the Fed today, and the situations with oil and Russia.
The secretary of state says sanctions could be lifted in days if Putin lives up to commitments under ceasefire accords to end the Ukraine conflict.
MOSCOW, Dec 17- Russia's rouble strengthened on Wednesday after dramatic falls against the dollar in the previous two days but remained extremely volatile and fears of a prolonged crisis remained. "Today it's likely exporters are helping the rouble, though we haven't seen them or the central bank," said Pyotr Neimyshev at Otkritie bank in Moscow.
Capital markets are the superpower in today's world, and they have Russia on its knees, Evercore Partners founder Roger Altman said.
*OPEC, Russia unwilling to cut supply, spurring weakness. LONDON, Dec 17- Brent crude oil fell below $59 a barrel on Wednesday, near 5-1/ 2- year lows, as major oil producers signalled that they would maintain output despite a supply glut and faltering demand in Russia and Europe. "OPEC is trying to choke U.S. oil producers."
Kevin Book, Clearview Energy Partners, shares his outlook on oil next year.
*OPEC, Russia unwilling to cut supply, spurring weakness. LONDON, Dec 17- Brent crude held below $60 a barrel on Wednesday, near 5-1/ 2- year lows, as major oil producers signalled that they would maintain output despite a supply glut and faltering demand in Russia and Europe. "OPEC is trying to choke U.S. oil producers."
As the Russian Central Bank continues to fight off the effect of international sanctions and an increasingly weak ruble, CNBC goes over the timeline of how it all went wrong.