If oil prices tumble below $40, then the Russian Central Bank could be inspired to interrupt its rate-cutting agenda.

The ruble dropped below 64 rubles to the dollar for the first time since February. Currently, the ruble is trading at 64.17 per dollar.

Some commentators have even drawn comparisons to Greece, which has brought turmoil to Europe and the global financial markets.

According to CNN Money most of the cuts will be administrative staff. It will bring the number of employees down to just above 1 mn, .

The world powers and Iran struck a deal to curb Iran's nuclear program in exchange for billions of dollars in relief from sanctions.

By May 2015, stocks as a share of assets was around 13%, up slightly from just over 10 per cent in 2014, according to estimates from HSBC.

The Shanghai Composite Index has fallen 27 per cent in less than a month - a huge drop compared to the 117 per cent gain over the last eigh...

Puerto Rico's governor warned that the island can't pay its $72 billion public debt burden but the island isn't currently eligible to decla...

The oil influx adds to the up to $20 billion per year in cash, weapons, and manpower that Tehran has been sending to Syria since the uprisi...

Korea's government just slashed its economic growth forecast down to 3.1% from 3.8% and announced a fiscal stimulus package in response to ...

China is expected to surpass the US in terms of nominal GDP by 2026 - aka in 11 years, according to The Economist Intelligence Unit.

"China imported a record 3.92 mn metric tons from its northern neighbor in May, according to data emailed by the General Administration of ...

Geopolitical events often make traders and investors nervous, and this will lead to volatility in the financial markets.

These countries all also happen to be part of the proposed Regional Comprehensive Economic Partnership (RCEP), a "mega-regional" trade agre...

Under Russian law, anything acquired during marriage "should be divided equally."Russia's Forbes estimate Potanin's worth as $15.4 billion.

At a surprise press conference on Tuesday, Sepp Blatter resigned as president of FIFA amid a growing corruption scandal.

The Crown Prince and the Foreign Minister were recently replaced, and the king's son, Mohammad Bin Salman, has seen a "striking rise".