Russian President Vladimir Putin disembarks from an aircraft upon his arrival at the airport in New Delhi December 10, 2014. Putin is on a two-day official visit to India. REUTERS/Adnan Abidi

MOSCOW - Russia failed to halt the collapse of the ruble, leaving President Vladimir Putin facing a full-blown currency crisis that could weaken his iron grip on power.  Full Article 

Federal Reserve Chair Janet Yellen attends a conference of central bankers hosted by the Bank of France in Paris November 7, 2014. REUTERS/Charles Platiau

Fed opens door wider to rate hike

WASHINGTON - The Federal Reserve on Wednesday offered a strong signal that it was on track to raise interest rates sometime next year, dropping a pledge to keep them near zero for a "considerable time."  Full Article 

A mother mourns her son Mohammed Ali Khan, 15, a student who was killed during an attack by Taliban gunmen on the Army Public School, at her house in Peshawar, Pakistan, Dec. 16, 2014. REUTERS/Zohra Bensemra

Will Pakistan cut ties with Islamic militants?

If Pakistan's reciprocation against extremists is to represent a genuine turning point in the nation's long battle with violence, military and civilian leaders must take a couple of decisive steps.  Commentary 

A section of the BP Eastern Trough Area Project (ETAP) oil platform is seen in the North Sea, around 100 miles east of Aberdeen in Scotland February 24, 2014. REUTERS/Andy Buchanan/pool

Oil surges nearly 5 percent on technical buying

NEW YORK - Crude oil jumped nearly 5 percent on Wednesday as important chart support prices held fast after nearly a week of selling, leading to technical buying that turned the market around abruptly.  Full Article 

Shi'ite fighters walk during an intensive security deployment against Islamic State militants in Balad, north of Baghdad  December 15, 2014. REUTERS/Mahmoud Raouf Mahmoud

Inside Iraq's 'killing zones'

BAGHDAD - Shi'ite militias and Iraqi security forces, engaged in an all-or-nothing struggle with Islamic State, are blasting the Sunni farmlands that encircle Baghdad with heavy weapons.   Full Article 

Russian President Vladimir Putin (L) speaks to FIFA President Sepp Blatter during the 2014 World Cup final between Germany and Argentina at the Maracana stadium in Rio de Janeiro July 13, 2014. REUTERS/Dylan Martinez

FIFA ethics investigator Garcia resigns

MARRAKECH, Morocco - FIFA ethics investigator Michael Garcia resigned in protest at the way his report into the 2018/2022 World Cup bidding process was handled by Hans-Joachim Eckert, the ethics judge of soccer's governing body.  Full Article 

Rough Cut
Castro: U.S. and Cuba to "re-establish diplomatic relations"

Cuban President Raul Castro hails Pope Francis as key in brokering U.S.-Cuba diplomatic relations, says embargo should cease to exist. Rough Cut (no reporter narration).

Live: Fed Policy Meeting

Federal Reserve Board Chair Janet Yellen speaks on the economy after the Fed's two-day meeting.