Mr Putin, who has been hit by increasing economic woes, said that high prices encouraged the consumption of illegal and possibly unsafe alcohol.
Saudi authorities pledged to curb wages and push ahead with investments next year as the world's largest oil exporter seeks to counter the effect of tumbling crude prices on the economy.
TOKYO (Reuters) - Citigroup Inc (C.N) has agreed to sell its Japanese retail banking operations to Sumitomo Mitsui Banking Corp (SMBC), as the U.S.
Japanese 10-year bond yields fell to a record low, following yields on other maturities down to unprecedented levels, as the Bank of Japan scoops up debt.
Aircraft carrier, USS Ranger, which featured in the movie 'Top Gun', will be dismantled for single penny in Brownsville, Texas.