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.
LONDON, Dec 22 (IFR) - Russian authorities have moved to ease growing signs of tension in the country's banking system, with the central bank temporarily suspending accounting rules and readying plans to inject capital and liquidity into the sector in a bid ...