MOSCOW (Reuters) - Slumping oil prices have put Russia's economy on course for a sharp recession next year, its finance minister said on Friday, as authorities scaled up their bailout for the first bank to succumb to the recent rouble crisis.
MADRID - Spain's prime minister has announced minimal increases to the minimum wage and for government-funded pensions and predicted the nation's economy will �take off� in 2015 following years of crushing financial pain.
Some stores are open as early as 6 a.m. to accommodate people redeeming gift cards, raiding the clearance racks, and exchanging or returning what Santa gave them.
The price of natural gas briefly dipped below $3 Friday morning, with a warm December and plentiful supplies behind the decline. It was the first time natural gas has traded below that level since Sept.
Riyadh: Saudi Arabia's 2015 budget is probably assuming an oil price of $80 a barrel, and will be seen as a sign of confidence in the market, according to a former economic adviser to the country's government.