Wednesday 28 January 2015
 
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cheap oil

Russia forecasts economic slump as oil falls

Slumping oil prices have put Russia's economy on course for a sharp recession and double-digit inflation next year, government ministers said, as authorities scaled up a bailout for the first bank to succumb to this month's rouble crisis

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Healthy Dubai real estate market to ride out cheap oil

The plunge in oil prices may take more of the froth off Dubai's booming real estate market, but broad-based demand for property is likely to prevent any crash, said a report. As the global financial crisis slashed oil and equi

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Airlines face sting in the tail from cheaper oil

Fresh fears over the global economy could unravel the benefit of cheaper oil prices and keep a lid on financial forecasts for the airline industry when its chiefs gather in China this weekend for their annual summit. An eight percent drop

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