Chinese shoppers are cashing in on the ruble's sharp drop, snapping up goods in Russia at low prices before brands can adjust prices.
The Bank of Japan kept monetary policy steady, as expected, but raised its economic assessment, citing signs of an export pickup.
China oil major CNPC is probing a 2013 deal as part of a corruption crackdown, taking down one of Premier Xi's political rivals.
China may be routinely underestimating its steel sector output, with official 2013 figures sharply below a key industry estimate.
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Amid weaker economic growth outside the U.S., the central bank is in no hurry to increase interest rates next year, says Kumar Palghat, Director at Kapstream Capital.
Takuji Okubo, Principal and Chief Economist at Japan Macro Advisors, explains why he agrees with the Bank of Japan's optimistic economic outlook.
Dominic Bunning, FX Strategist at HSBC, says the U.S. dollar appear set on an uptrend in 2015 on the back of diverging monetary policies globally, but warns of risks from increasing volatility.