Russia’s economy contracted by 3.7% in 2015, according to preliminary figures published by the country’s statistics service. Retail sales plunged by 10% and capital investment fell by 8.4% in ... Read More
Plummeting prices and U.S.-led sanctions raise questions about Russian oil’s capacity to continue underwriting Putin’s global ambitions In the frosty swamplands of West Siberia, the drilling rigs of oil ... Read More
U.S. oil prices crashed below $27 dollars a barrel on Wednesday for the first time since 2003, caught in a broad slump across world financial markets with traders also ... Read More
The Russian ruble has just collapsed to its lowest ever level. It dropped 4% to 82 rubles per U.S. dollar on Wednesday, passing a previous low hit in late ... Read More
Footsie plunged 203 points or 3.5% to close at 5,673 That means £52bn has been wiped off blue-chip share values today Now more than 20% below April 2015’s 7,103 ... Read More
Energy explorers lead Tokyo slump as oil spiral continues IMF cuts forecast for global economic growth in 2016 and 2017 Japanese stocks plunged into a bear market amid a ... Read More
Crude futures slumped again in Asian trade on Wednesday, with U.S. oil droppping more than 3 percent toward $27 a barrel and its lowest since 2003, on worries about ... Read More
Some 61% of respondents in Bloomberg survey see more stimulus Raising monthly QE amount, deposit-rate cut seen among options Mario Draghi may have to up the ante, and he ... Read More
The private equity arm of Goldman Sachs Group Inc (GS.N) has teamed up with Mexican consulting firm Ainda to jointly invest in energy and infrastructure projects in Mexico, a ... Read More
Cartel forecasts non-OPEC output to decline this year Oil prices remained below $30 a barrel Monday but the Organization of the Petroleum Exporting Countries flagged the potential for a recovery, saying ... Read More
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