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World Bank lowers Russia's economic forecast as ruble falls

Last Updated: Tuesday, December 9, 2014, 23:15

The World Bank announced a gloomier economic forecast for Russia on Tuesday as the ruble fell despite the central bank saying it had spent billions last week to prop it up.

Morgan Stanley slashes Brent price forecasts

Last Updated: Saturday, December 6, 2014, 08:52

The investment bank cut its average 2015 Brent base case outlook by $28 to $70 per barrel and for 2016, by $14 to $88 a barrel.