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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.
The global economy is in a fragile state with low factory activity in China, weak euro zone business growth, and Russian currency crisis.
With disappointing economic data chasing China into the new year, HSBC is cutting its growth forecasts, citing five key themes for the economy.
Apple stopped product sales in the troubled country Tuesday "due to extreme fluctuations in the value of the ruble."
It's clear the US is not prepared for the extent of damage that Vladimir Putin can unleash, says Jake Novak.
The overnight decision by the Russian central bank to raise rates came too late, RIA Novosti cited Economy Minister Alexei Ulyukayev as saying.
The Russian central bank raised the rate by 100 basis points to 10 percent last week in an effort to stem a run on its currency.
Growth in China's factories held at an 18-month high in November as the official Purchasing Managers' Index (PMI) hovered at 51.4, data showed.
Prime Minister Shinzo Abe's re-election Sunday will have little impact on Japan's stalled economic reforms.
The Reserve Bank of New Zealand on Monday announced changes in the way it calculates the domestic currency's trade-weighted value.
After a slump in global stocks last week, data from Japan and China will likely top traders' watchlist this week as they seek more cues on the state of the global economy.
Can Russia do anything to stop the ruble’s slide?
India's annual consumer price inflation eased for a fourth straight month in November to 4.38 percent
The Central Bank of Russia raised interest rates by 100 basis points on Thursday in an effort to support the ruble.
Fitch expects to downgrade Japan's credit rating early next year, as it is unlikely to compile a budget that offsets a delay in the sales tax hike.
Russia’s hostility towards other countries could wreak further havoc on its economy in 2015, as investors told its "high risk".
The ECB would probably have cut rates at its last meeting if they had not already been at zero, chief economist Peter Praet said.
The chasm between the richest and poorest is at a 30-year high in developed countries, dragging down growth, according to a new global report.
The latest anti-Russia resolution from the House is one of the worst pieces of legislation I can remember, says former Rep. Ron Paul.
With Russia hit hard by a slump in the ruble, tumbling oil prices and sanctions, could Vladimir Putin be wondering whether Ukraine was worth it?
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