Russia's ruble plunged to an all-time low against the U.S. dollar on Tuesday, despite the Russian central bank's move to hike rates to 17 percent.
Today, Saudi Arabia is using its "oil weapon," but instead of driving up prices and cutting supply, it's doing the reverse.
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Results of the CNBC Fed Survey suggest that the market senses a commitment by the central bank to begin hiking interest rates next year.
U.S. stock index futures turned sharply lower on Tuesday, after U.S. crude futures fell to levels not seen since 2009 ahead of the Fed's meeting.
As Brent crude fell below $60 per barrel on Tuesday, analysts warned of a "dramatic" cut in industry investment which could hit future supply.
Emergency measures by the Russian central bank Monday night looked to have fallen short within hours of their announcement.
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McDonald's menu has become so unwieldy that even the chain's U.S. president doesn't know how many items it contains.
Forget fears of a U.S. interest rate hike, the current emerging market selloff has a new narrative, according to one analyst.
Co-operative Bank has failed a key test of how it would perform in a financial crisis by the Bank of England.
Asian equity markets largely fell on Tuesday, with Shanghai being an exception, over a persisting slump in oil prices and after latest data added to concerns about slowing activity in the world's second-largest economy.
The Russian central bank's rate hike further threatens financial stability in the economy and is unlikely to put a floor the Ruble or stocks.