What the credit downgrade to ‘junk’ means for Russia
By NATALIYA VASILYEVA Russia has seen its credit grade cut to “junk” status for the first time in over a decade, a big blow for a country that wants to…
Currency markets
Euro sinks after Draghi gives another stimulus hint
By PAN PYLAS The euro fell Friday to a 4 ½-year low against the dollar after European Central Bank President Mario Draghi indicated the bank could soon back a government…
Russia bails out bank following ruble slide
By NATALIYA VASILYEVA 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…
Russians flock to stores to pre-empt price rises
By NATALIYA VASILYEVA Russian consumers flocked to the stores Wednesday, frantically buying a range of big-ticket items to pre-empt the price rises kicked off by the staggering fall in the…
Markets remain lackluster in run up to Fed minutes
By TOBY STERLING An invested looks at the stock price monitor at a private securities company Tuesday Nov. 19, 2013 in Shanghai, China. World stocks were muted Tuesday as a…
Fed stimulus, China reform promises buoy stocks
By SARAH DiLORENZO A board above the trading floor of the New York Stock Exchange shows the Standard & Poor’s 500 index above 1,800, Monday, Nov. 18, 2013. The DJIA…
What’s holding the eurozone recovery back?
By PAN PYLAS Stevedores work to unload a cargo ship at Lisbon’s Santa Apolonia port, Thursday, Nov. 14, 2013. The recovery from recession in the 17-country eurozone nearly came to…
Stocks boosted as incoming Fed head backs stimulus
By EILEEN NG People walk outside a securities firm in Tokyo, Thursday, Nov. 14, 2013. Asian stock markets bounced higher Thursday after prepared testimony for the confirmation hearing of incoming…