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.
LONDON (Reuters) - The Swiss National Bank's move to push interest rates into negative territory is unlikely to rob the franc of its safe-haven status among those fleeing riskier assets and the Russian crisis, but it may force a rethink among pension funds.
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.