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  • Patrick Legland, global head of research at Societe Generale, says the U.S. could deliberately be pushing down oil prices to hurt Russia.

  • Moody's downgrades Russia's debt to Baa2 Friday, 17 Oct 2014 | 5:30 PM ET
    Russia's President Vladimir Putin attends the closing ceremony of the Europe-Asia summit (ASEM) in Milan, Oct. 17, 2014.

    Moody's Investors Service on Friday downgraded Russia's debt ratings to Baa2 with a negative outlook.

  • Cashin: Takeaway from week     Friday, 17 Oct 2014 | 3:58 PM ET

    CNBC's Bob Pisani and Art Cashin of UBS dissect this week's market activity.

  • US wealth inequality isn't as bad as you thought Friday, 17 Oct 2014 | 12:38 PM ET
    A woman begs in central Moscow.

    If you think wealth inequality in the U.S. is bad, consider Russia.

  • MOSCOW, Oct 17- As the head of Russia's biggest state bank and a favourite of President Vladimir Putin, German Gref has long been a loyal supporter of state economic policy. The outburst brought a stinging rebuke from a state television presenter, who portrayed him as a fifth columnist whose remarks could help an alleged U.S. plan to encourage conflicts in Russia.

  • *Further talks needed to bolster east Ukraine ceasefire. MILAN, Oct 17- Russia and Ukraine made progress on Friday towards resolving a row over gas supplies, but European leaders said Moscow had to do much more to prop up a fragile ceasefire and end fighting in eastern Ukraine. The mooted deal aimed at re-opening Russian gas supplies to Ukraine ahead of the cold...

  • MOSCOW, Oct 17- A slight recovery in oil prices and the start of the end-of-month tax period dragged the rouble off record lows on Friday, providing some much-needed relief for Russia's ailing currency. The rouble has been pummelled by risk aversion to Russian assets because of the Ukraine crisis, a dramatic slump in oil prices to multi-year lows and Western...

  • 2 US journalists detained over Russia workshop Friday, 17 Oct 2014 | 9:49 AM ET

    MOSCOW— Two American journalists were briefly detained in Russia and taken to court Thursday for teaching an investigative journalism workshop. The New England Center for Investigative Reporting said that its co-founder, Joe Bergantino, and University of South Carolina professor Randy Covington, were detained for several hours by immigration...

  • *Russia and Ukraine to carry on talking after tough meeting. MILAN, Oct 17- Russia, Ukraine and European governments failed to make any progress towards solving the crisis in Ukraine on Friday in talks that the Kremlin said were "full of misunderstandings and disagreements". Further discussions were scheduled later in the day, but there were few expectations of...

  • UPDATE 2-Russia's top oil firms play down price drop Friday, 17 Oct 2014 | 6:52 AM ET

    *Gazprom Neft sees oil price returning to $95- 110 per barrel. *Russia's 2015-2017 budget sees average oil price at $100 per barrel. Rosneft, the world's top listed oil company by output, and Gazprom Neft, Russia's fourth largest producer by output, said on Friday there was no need to panic.

  • MILAN, Oct 17- Talks between Russia, Ukraine and European governments on Friday were "full of misunderstandings and disagreements", the Kremlin said, undercutting more upbeat messages from leaders hoping for a breakthrough in the Ukraine crisis. Russian President Vladimir Putin shook hands with his Ukrainian counterpart Petro Poroshenko at the start of a...

  • MOSCOW, Oct 17- The rouble slipped against both the dollar and the euro on Friday, extending heavy losses since the start of the month which have forced Russia's central bank to spend over $11 billion defending the currency. The rouble has been pummelled by risk aversion to Russian assets because of the Ukraine crisis, a dramatic slump in oil prices to multi-year...

  • MOSCOW, Oct 17- Russia's Rosneft, the world's biggest listed oil producer by output, said on Friday the fall in oil prices was not critical for the company and it saw "no reason for concern." Rosneft, which accounts for around 40 percent of Russia's total oil output, was earlier put on the Western sanctions list over Moscow's role in Ukraine crisis.

  • Ukrainian, Russian leaders sound optimistic note Friday, 17 Oct 2014 | 3:49 AM ET

    MILAN— Russian and Ukrainian leaders sounded optimistic after marathon, Europe- brokered talks Friday, signaling progress on both a definitive peace settlement in Ukraine and a gas dispute that threatens to disrupt supplies to Europe this winter. Putin also voiced confidence that the issue of Russians who have joined the insurgency in eastern Ukraine could...

  • Russian market 'tough' but hard to ignore: Pro     Thursday, 16 Oct 2014 | 7:00 PM ET

    Tim Bevan, CEO of BCS Financial, says despite the volatility in the Russian market, people are still trading assets in the country because the country is "too big to ignore".

  • Oct 16- Delta Air Lines said Ebola fears have not hurt the carrier's bookings, forecasting strong current-quarter margins as it ramps up capacity in the Americas and trims growth on transatlantic and Pacific routes. Many of the capacity changes will begin this winter, after Delta has already reduced seats serving Moscow, Tel Aviv and Ebola-ravaged West Africa...

  • MILAN, Oct 16- Europe's priority must be to stimulate economic growth, Italy and France said on Thursday, putting themselves at odds again with Germany, which is demanding deficit rigour. Speaking in Berlin before flying to Italy, Merkel said the rest of Europe must stick to EU rules or the bloc's credibility would be at stake. Hollande blamed the market turmoil on a...

  • BELGRADE, Oct 16- Russia will reduce gas supplies to Europe if Ukraine steals from the transit pipeline to cover its own needs, Russian President Vladimir Putin said on Thursday, adding that he was "hopeful" it would not come to that. Russia cut off supply to Ukraine on June 16 over what gas exporter Gazprom said were billions of euros in unpaid bills.

  • EU energy chief hopeful of Ukraine gas deal Thursday, 16 Oct 2014 | 7:55 AM ET

    BRUSSELS— The European Union's top energy official says he's cautiously optimistic about chances of a deal to secure gas supplies this winter for Ukraine and Europe as he prepares for new talks with Kiev and Moscow. EU Energy Commissioner Guenther Oettinger plans to meet the Russian and Ukrainian energy ministers and gas company chiefs in Brussels next...

  • BRUSSELS, Oct 16- European Union authorities could intervene to prevent gas shortages this winter in the event the Ukraine crisis causes disruption to flows from Russia, EU stress tests showed on Thursday. European Energy Commissioner Guenther Oettinger unveiled the results of tests conducted across the EU's 28 member states and 10 neighbouring countries...