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Crisis

Russians abandon London real estate as recession looms over Moscow
Russia’s economic crash, driven by the plunging price of oil and tough Western sanctions, is prompting well-off Russian investors to abandon London’s property market. Money from super-wealthy Russian oligarchs, however, continues to flow into Britain.

19.12.2014 09:20

‘Putin keeps ace up his sleeve to surprise market’
President Putin has not disclosed his future strategic plans during the annual Q&A since to surprise international markets one should always have an ace up the sleeve, French economist Jacque Sapir told RT.

18.12.2014 13:29

​IMF withholds €88mn tranche from Cyprus
The International Monetary Fund has postponed the allocation of €88 million credit assistance to Cyprus over the suspension of a new foreclosure law.

19.12.2014 07:38

What Putin is not telling us
Even facing what under any circumstances is a perfect storm; President Putin delivered an extremely measured performance at his annual press conference and Q&A marathon.

18.12.2014 14:38

UK sees luxury property, cheap travel bonanza in ruble crisis
As the ruble falls into a tailspin, air fares between the UK and Russia have dropped to an all-time low. Return tickets from London Gatwick and Manchester to Moscow are now selling at £50.

18.12.2014 11:10

​‘Impossible’ to cut oil production - Saudi oil minister
Saudi Arabia, home to the world’s second largest oil reserves, says it can’t afford cutting oil production, even despite the falling prices.

18.12.2014 15:00

​America’s wealthiest families smash income ceiling, middle-class left far behind
Despite, or because of, the fallout from the 2007 Great Recession, annual earnings between the richest Americans and everybody else have exploded to record levels. Meanwhile middle- and lower-class wealth growth remains stagnant.

18.12.2014 08:32

Russia crisis leaves banks around the world exposed by the billions
Major banks across Europe, as well as the UK, US, and Japan, are at major risk should the Russian economy default, according to a new study by Capital Economics.

17.12.2014 15:15

Solstice searching: On market panics & currency collapse
The shortest day of the year is almost at hand. The longest night of worry for Russia’s economy is already upon us. Despite financial storm clouds which threaten international contagion, there is still hope.

17.12.2014 08:32

Ruble rumble: Currency gains ground after Tuesday trauma
The Russian currency remains volatile Wednesday after it suffered its own ‘Black Tuesday’ losing about 20 percent. The ruble strengthened to 61 rubles per 1 USD, before settling near 62 at market close in Moscow.

17.12.2014 06:30

'Ruble slide: Speculators moved in as Central Bank was asleep at the wheel'
For the sake of the Russian economy, the Central Bank cannot continue its waiting game strategy for too long hoping that speculators give up before it does, says Mike Ingram, a market strategist at BGC Brokers in London.

16.12.2014 14:25

Ruble rate does not reflect macroeconomic situation, govt to take measures - minister
The current ruble exchange rate does not correspond to the macroeconomic situation, Russia’s Economic Development Minister Aleksey Ulyukaev said, adding that market players now need a new set of guidelines.

16.12.2014 20:22