As the ruble is significantly undervalued, Russia has started selling its currency reserves to resolve the crisis.
Russia has so far spent about $80 billion -- a fifth of its international reserves -- in an unsuccessful move to stabilize the ruble.
Business sentiment among Asia's top companies rebounded in the fourth quarter to the second-highest level in almost three years.
City supervisors weren't ready to approve the reappointment of Wendy Paskin-Jordan. The vote moved to January.
Most Russians aren't exposed to the economic woes stemming from the ruble's collapse, but some say they are hit hard.
Russia's oil-dependent economy faces three key problems: Falling oil prices, trade sanctions and a flight of investment capital.
The most dramatic example is the Russian ruble, which hit a record low Tuesday, in part because of rising pressure on the oil-dependent economy.
Google and Facebook still dominate digital advertising, but Alibaba and Baidu are gaining significant market share.
The Blue Chip Dow rebounded Tuesday after a surprise dividend hike from Boeing cut early losses following Russia's surprise interest rate hike.
Annual spending on motor fuel next year is on track to drop to its lowest level in 11 years, the federal statistics agency said.
Currency traders hammered the ruble to a record low against the dollar, despite central bank action to halt the slide.
Spanish oil and gas company Repsol has agreed to buy Canadian-based oil and gas producer Talisman Energy for $8.3 billion.
As oil prices go down, tensions are on the rise in Nigeria.
A New Delhi court says Manmohan Singh's statement is crucial to the case as some of his officers may not have been investigated properly.
The fall in inflation has given some respite to British households and average earnings rose by more than prices in September.
The gloomy report reinforces investors' fears that the world's second-largest economy is losing momentum.
The hike is seen as a desperate move by Russia to rescue its economy from the dual impact of plunging oil prices and Western sanctions.
Growth slowed to 5.3 percent in the July-September quarter from a 2-1/2-year high of 5.7 percent in the previous quarter.
On Monday, the Dow jumped and declined more than 100 points as oil prices continue to drop.
Poor nations with questionable human rights records are finding generous donors outside the Western world.
This year is shaping up to be the warmest on the books -- again -- since record-keeping began 123 years ago.
After Japan's economic program "Abenomics" survived elections Sunday, all eyes are now looking ahead to the Fed’s final meeting of 2014.
Complaints against the New York Police Department, coming mainly from the Bronx and Central Brooklyn, hit a record high last year.
Whether it's due to better budgeting or employment, many millennials aim to spend more money on holiday shopping this year than last.
Governor Brownback's tax cuts have reduced revenues by $250 million. Now he wants to use pension money to cover the budget gap.
Fed will decide this week whether to make a critical change to its policy statement that will widen the door for interest rate hikes next year.
Inflation dropped to zero mainly driven by a sharp decline in fuel prices, which fell an annual 4.91 percent last month.
A technical failure at an air traffic control center in Britain caused widespread disruption to flights in and out of London last week.
Conservatives are keen to show voters that the steady economic recovery they have presided over can, if sustained, lift living standards.
Could what Pope Francis calls the "culture of temporary" be driving a restructuring of the family unit and the economy?