The shale gas revolution will be "very painful for many parts of the world," with the U.S. potentially the new swing producer, the head of BP told CNBC.» Read More
Russian President Vladimir Putin discusses the Ukraine Crisis and ongoing military situation, saying that Russia is ready to act as a mediator.
MOSCOW, Dec 18- Russian President Vladimir Putin said on Thursday the central bank and government were taking adequate measures to support the rouble and that Russia's current economic situation was casued by external factors. He told his annual end-of-year news conference: "I believe that the central bank and the government are taking adequate measures."
Russian President Vladimir Putin discusses the turbulence in the country's economy and says the central bank is doing the right thing, but could act a little faster.
Commenting on the Putin's recent speech, Simon Quijano-Evans, head of EM research at Commerzbank, says the press conference started off "relatively calm" and that Putin appears to be trying to act on negotiating terms.
Russian President Vladimir Putin talks about the current state of the Russian economy and how he's still positive. CNBC's Geoff Cutmore analyses the remarks.
Russian President Vladimir Putin says that, despite "turbulence" in financial markets, Russia's economy is doing well and its income will be higher than spending.
Russian President Vladimir Putin says that the fall in oil prices marks a good opportunity for Russia to diversify its economy.
MOSCOW, Dec 18- Russia's rouble lost more ground against the dollar on Thursday before President Vladimir Putin's end-of-year news conference, expected to be dominated by what a government minister called a "perfect storm" hitting the economy. Putin has been silent as the currency collapsed this week before recovering some ground and is under pressure to show...
LONDON, Dec 18- The Swiss franc hit its lowest against the dollar in more than two years, and touched a two-month trough against the euro, on Thursday after the Swiss National Bank said it would introduce negative interest rates. The Swiss franc weakened to as much as 1.2098 francs per euro on trading platform EBS, pulling away from the SNB's three-year old cap of...
MOSCOW, Dec 18- Russia's rouble weakened against the dollar and euro in volatile trade on Thursday, reversing gains made at market opening, before President Vladimir Putin's end-of-year news conference. At 0822 GMT, the rouble was around 3 percent weaker against the dollar at 61.92 after opening more than 1 percent higher. Putin will hold his press conference at...
MOSCOW, Dec 18- The rouble and Moscow shares rose on Thursday, buoyed by state action and indications Russia's top oil producer can meet a debt repayment, before President Vladimir Putin's end-of-year news conference. "We are expecting verbal interventions today during Vladimir Vladimirovich Putin's speech," Gleb Zadoya, head analyst at Profit Group in Moscow,...
MOSCOW, Dec 18- The Russian rouble firmed at opening on Thursday before President Vladimir Putin's end-of-year news conference, expected to be dominated by the currency's dramatic decline this year. At 0705 GMT, the rouble was 2.8 percent firmer against the dollar at 58.00 after opening more than 1 percent higher. Market participants have been encouraged by a...
It's not the fact that oil prices are declining that alarms Jim Cramer, it's the velocity of the oil beast. He shared the upside to a slow decline.
If Russia doesn't do this one thing (and soon), it will be like 1998 — but worse, says Wolfgang Koester.
Sources expect Vladimir Putin to address financial woes and measures to stabilize the ruble in Thursday's press conference, reports CNBC's Dina Gusovsky.
Russia's once legendary scientific productivity has been in decline for decades, and some scientists fear the current climate is making things worse.
The battered Russian ruble is rebounding slightly today. CNBC's Geoff Cutmore reports on the challenges facing the Russian central bank.
The Russian currency crisis could turn into a broader economic crisis that could spill over to key emerging markets, Charles Dallara said.
Much worse things than will actually happen have been priced into Russian equities, says ETF specialist Tom Lydon. Ripe for the picking?
*Countries are Egypt, Turkey, India and Armenia. MOSCOW, Dec 17- Russia, one of the world's main wheat exporters, has cut grain exports to all but a few countries after imposing tougher quality checks, an exporters' lobby group said on Wednesday. A Russian grain exporters' lobby- the National Association of Exporters of Agricultural Products- wrote to the government to...