Russian finance minister warns on spending as crisis deepens
Russia's finance minister called on Wednesday for a cut in planned spending to weather an economic crisis, warning of a more than $45 billion drop in revenues this year if the average oil price is $50 a barrel.
Oil slides but bets on ECB action lift Europe shares
Oil prices slid on Tuesday to their lowest in almost six years, but European shares rose as investors focused on expectations that policymakers would soon take action to prevent the euro zone slipping into deflation.
China slams Philippines for criticizing island project in South China Sea
China on Monday hit back at the Philippines for criticizing Beijing's ongoing reclamation project in the disputed South China Sea, saying that its actions were within the scope of Chinese sovereignty.
EU sanctions on Russia depend on Ukraine truce
The European Union will consider lifting sanctions on Russia over the Ukraine crisis only if there is "real progress" in implementing a four-month-old ceasefire deal, Latvia's foreign minister said on Monday.
China central bank to maintain 'prudent' monetary policy in 2015
The People's Bank of China will continue to maintain "prudent" monetary policy in 2015, keeping credit growth stable while having its hands free to fine-tune policy when necessary, the regulator said in an online statement on Friday.
China central bank to maintain 'prudent' monetary policy in 2015
The People's Bank of China will continue to maintain "prudent" monetary policy in 2015, keeping credit growth stable while having its hands free to fine-tune policy when necessary, the regulator said in an online statement on Friday.
ECB risks undermining QE if it opts for compromise plan
The ECB is considering three main options for pumping money into the struggling euro zone economy but two of them could hurt confidence in the bloc's most indebted states, defeating the object of the exercise.
Leader of Latvia's Russian-speakers fears sanctions backfiring
It's not so much the risk of conflict with Russia that worries the mayor of the Latvian capital Riga; it's the threat to jobs and investment as EU sanctions on Moscow rebound on the economy of the Baltic state.
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