Good morning! Here are 10 of the biggest stories you should hear about before markets open in the US. Russia Is Heading Into Recession. Deputy Economy Minister Alexei Vedev has warned that Russia is likely to enter its first recession since 2009. The Economy Ministry downgraded its forecast for 2015 growth to -0.8% from +1.2%. This comes amid crashing oil prices, a tumbling ruble, and punishing economic sanctions from western trading partners. Russia Abandons A Major Pipeline Project. “Russia’s $40 billion South Stream gas pipeline project has fallen victim to plunging energy prices, stalling European demand and the political standoff …read more
Source: Business Insider
