Russian economy suffers first contraction since global crisis
Russia's economy shrank sharply in November and the rouble resumed its slide on Monday as Western sanctions and a slump in oil prices combined to inflict the first contraction in GDP since the global financial crisis.
Crunch time: As sanctions bite, Putin ally gets into apples
As U.S. and European sanctions piled pressure on Russia earlier this year, the Kremlin hit back with an unusual weapon: apples.
Chinese leadership offers support for Hong Kong leader
China's central government fully approves of the leadership of Hong Kong's chief executive Leung Chun-ying and the work of the territory's government which has shown itself "unafraid of challenges", Premier Li Keqiang said on Friday.
Russia says ruble crisis over as reserves dive, inflation climbs
Russia said on Thursday its currency crisis was over even though its forex reserves have plunged and annual inflation has climbed above 10 percent, adding to the problems facing the government as it fights its worst economic crisis since 1998.
China offers fresh support for outbound investment
China will simplify currency rules and step up credit support for firms investing overseas, the cabinet said on Wednesday.
Israel police hold dozens of public officials in corruption probe
Israeli police said on Wednesday they had detained more than 30 serving and former public officials in an investigation into alleged corruption linked to a party in Prime Minister Benjamin Netanyahu's ruling coalition.
Informal capital controls arrest Russian ruble's slide
Russia's rouble hit its highest levels in two weeks on Tuesday, shored up by informal capital control measures designed to head off a repeat of the inflation and protests that marked Russia's 1998 financial crisis.
Russia in recession in 2015, ruble to stay pressured
The Russian economy will slide next year into its first recession since the global financial crisis and inflation will be close to double digits, economists forecast in a Reuters poll, as the oil price crash and Western sanctions bite.
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