Russia faces a "full-blown economic crisis" next year that will trigger a series of defaults and the loss of its investment-grade credit rating, a respected former finance minister has warned.
LONDON (Reuters) - World share markets extended their rally into a fourth day on Monday, as a recovery in beaten-down oil prices and the ruble and more calls for quantitative easing from the ECB helped lift sentiment.
The head of the US Federal Reserve, Janet Yellen, delivered the latest statement on behalf of a body which can shake up global financial markets like a cocktail waiter.
Driving to family get-togethers, church, temple or to the mall will be cheaper this holiday week, as gas prices continue to fall across New Jersey and the country.
MOSCOW (AP) - Russia has bailed out a mid-sized bank for about $500 million to save it from bankruptcy� a clear sign that the slide in the value of the ruble in the wake of sliding oil prices is straining the banking system.