Ruble’s Rescue Comes with Cost for Russian Economy
Russian policy makers are signaling they’re prepared to sacrifice economic growth in order to stabilize the ruble.…
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Forex News
Saudis to Non-OPEC Producers: Cut Your Own Output, We’re Good
Saudi Arabia and the United Arab Emirates reiterated pledges to keep pumping the same amount of crude, blaming…
Ukraine Cuts Gold Reserve to Nine-Year Low as Russia Buys
Ukraine reduced gold reserves for a second month to the lowest since August 2005 as Russia bought bullion for an…
Oil Prices Slide after Early Gains on Hopes of Firm U.S. Data
Oil prices slid back close to opening levels around $60.20 per barrel on Tuesday, after gaining earlier in the day…
Euro Rises From Two-Year Low on Saudi Oil Comments
The euro strengthened versus the dollar amid speculation a recent drop that pushed it to a two-year low was…
Ruble Crisis Ripples Through Wheat as Bulls Advance: Commodities
The ruble crisis is rippling through the global wheat market. As Russia’s currency extended a plunge to a record…
China Offers Russia Help With Currency Swap Suggestion
Two Chinese ministers offered support for Russia as President Vladimir Putin seeks to shore up the ruble without…
Global Oil Prices Slide, Rout Undeterred by U.S. Jobs Data
Global oil prices slid further on Friday, with Brent on track for the first weekly close below $70 a barrel since…
Euro Hits Two-Year Low as ECB Eyed; Aussie Dollar Extends Fall
The euro hit a two-year low on Thursday, finding few friends in a market that is wagering the European Central Bank…
Fed’s Dudley Says Oil Price Drop a Net Benefit for U.S.
Saudi Arabia will largely determine what happens with global oil prices, a top Federal Reserve policymaker said on…