Vladimir Putin said Russia should brace itself for two years of recession, as he blamed the country's economic woes on a western plot to defang the Russian bear.
UK retail sales surged in November, growing at the fastest pace in a decade as consumers took advantage of pre-Christmas discounts.
The government undervalued Royal Mail by a relatively small amount in its flotation last year, says a former City minister. Markets.
ZURICH Dec 18 (Reuters) - Denise Anderegg is happy enough about the Swiss National Bank's decision to charge banks for deposits.
Even with the Federal Reserve reminding investors that policy makers remain on course to raise interest rates next year, one corner of the bond market is warning of the risk of deflation.