Russia said its currency crisis was over despite its forex reserves plunging and inflation surging over 10 percent, in its worst economic crisis since 1998.» Read More
The rapid fall of the ruble and stocks means even more pain for investment managers who have been trying to play Russia.
Obama was expected to sign legislation implementing new sanctions on Russia over its activities in Ukraine by the end of the week, the White House said.
The Russian ruble's dramatic fall may have triggered memories of 1998 for some, but veteran trader Art Cashin isn't sold on the comparison.
Russians hurried to change their currency and stock up on durable goods amid the ruble's collapse. Financial Times reports.
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.
Google faces fines of up to 15 million euros ($18.7 million) unless it fixes its privacy breaches in the Netherlands, Dutch regulators said.
Co-operative Bank has failed a key test of how it would perform in a financial crisis by the Bank of England.
Business activity in the euro zone grew more than expected in December, according to a new survey, although the rate of expansion remained weak.
Emergency measures by the Russian central bank Monday night looked to have fallen short within hours of their announcement.
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.
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.
BT, the U.K. telecoms giant, has announced that it has entered into talks with Deutsche Telekom and Orange to acquire their mobile business EE.
Parts of Zurich airport were closed on Monday evening after it received an unspecified threat.
Economists fear that Italy's proposed reforms to free up the country's labor markets don't go far enough.
Uber has never been far from controversy in recent weeks. CNBC looks at Uber's five biggest pressure points.
The UberPop transport service will be forbidden in France beginning January 1, the French interior ministry said on Monday.
The seemingly endless buoyancy of the U.K. property market could be over after a house price survey recorded the largest ever monthly drop in prices.
Four gunmen took a hostage in an apartment in the Belgian city of Ghent on Monday, the state prosecution service said.
Russia is among the worst hit by oil's decline, but clean living may keep government finances on an even keel. Its corporate debt may be another matter.
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Dan Morris, global investment strategist at TIAA-CREF, says he is overweight equities outside of the U.S.
Jim Strugger, derivatives strategist at MKM Partners, says 2018 or 2019 could be the end of the current U.S. economic cycle.
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