• CNBC's Geoff Cutmore report's on the ruble's roller coaster ride as Russia's parliament rushes through a bill boosting banking capital.

  • 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...

  • Russian markets see 'challenging times'  Thursday, 18 Dec 2014 | 7:11 PM ET

    Tim Seymour, CIO at Triogem Asset Management, discusses how to approach Russia's financial markets as the country moves into an economic hibernation.

  • Russia situation 'grave': Ex-ECB President  Thursday, 18 Dec 2014 | 7:00 PM ET

    Former European Central Bank President, Jean-Claude Trichet, says Russia has learned "hard" lessons by the fall of the ruble, but he does not expect the currency to continue to free fall.

  • Cramer Remix: The most exciting stock I've seen Thursday, 18 Dec 2014 | 6:55 PM ET
    Jim Cramer on Mad Money.

    Is this breakout story on your radar? "Mad Money" host Jim Cramer is about to put it there.

  • Ruble in trouble: More fluctuations ahead  Thursday, 18 Dec 2014 | 6:44 PM ET

    Lauren Goodrich, Senior Eurasia Analyst at Stratfor, expects the ruble to continue fluctuating within a 10 percent band on expectations for more government intervention.

  • *Wall Street gains more than 2 pct. NEW YORK, Dec 18- Global equities markets rallied on Thursday, with Wall Street surging nearly 2.5 percent, as investors buoyed by policy comments from the U.S. Wall Street powered higher, with the S&P 500 putting up its best two days of gains since November 2011, according to Reuters data.

  • Where we see opportunity: Blackstone's Schwarzman Thursday, 18 Dec 2014 | 5:16 PM ET
    Stephen Schwarzman, chairman and chief executive officer of Blackstone Group LP

    Low oil prices have created a unique opportunity, Blackstone CEO Steve Schwarzman said. Here's what else he sees as a good investment.

  • Putin miscalculated, must make a change: O'Neill Thursday, 18 Dec 2014 | 3:57 PM ET
    Russian President Vladimir Putin speaks during his annual end-of-year news conference in Moscow, December 18, 2014.

    Putin may still be popular in Russia but his miscalculation could change that, said well-known economist Jim O'Neill.

  • Can China save Russia?  Thursday, 18 Dec 2014 | 2:29 PM ET

    CNBC's Eunice Yoon reports on the relationship between Russia and China.

  • Putin deflects criticism  Thursday, 18 Dec 2014 | 2:28 PM ET

    Vladimir Putin blamed the west and U.S. for Russia's current economic situation. Details on Putin's press conference, with CNBC's Dina Gusovsky.

  • Russian reserves might be half of what Putin claims Thursday, 18 Dec 2014 | 1:44 PM ET
    Russian 500 and 1,000 denomination ruble banknotes are shown outside a foreign currency exchange in London, Dec. 17, 2014.

    Depending on who's doing the math, Russia's usable hard currency reserves are now either running low, or at a healthy $400 billion-plus.