MOSCOW (Reuters) - The Russian economy will slide next year into its first recession since the global financial crisis and inflation will be close to double digits, economists forecast in a Reuters poll, as the oil price crash and Western sanctions bite.
The French industrial giant Alstom has agreed to plead guilty and pay a $772 million penalty to the United States in a bribery investigation by the Justice Department.
U.S. stocks rose Monday for a fourth straight session after the Federal Reserve reiterated last week it would be patient about raising interest rates.
Ocwen Financial Corp. (OCN) plunged as much as 30 percent, the most ever, after agreeing to a settlement that prevents it from acquiring mortgage-servicing business until the company makes improvements to satisfy New York regulators.
Russia's central bank pledged as much as 30 billion rubles ($531 million) to support National Bank Trust after the ruble plunged and liquidity tightened.