The Obama administration is weighing a “proportional response” to the cyber-attack on Sony Pictures Entertainment computers and is wary that the intrusion may have been designed to provoke a large-scale U.S. reaction, White House spokesman Josh Earnest said.
A Senate panel voted to give President Barack Obama a three-year authorization to use military force against Islamic State, opening a debate unlikely to be settled until the new U.S. Congress convenes next month.
Investors are betting that the Bank of Russia will raise interest rates tomorrow after it exhausted all other options for stabilizing the ruble. A look at the oil price suggests that too may be futile.
The phones started ringing at the Miami offices of law firm GrayRobinson even before President Barack Obama ended his speech Wednesday outlining measures to establish diplomatic ties and ease economic barriers with Cuba.
Russia will keep its crude oil output steady next year and plunging prices will stabilize, Energy Minister Alexander Novak said, reiterating comments made almost three weeks ago that nation won’t alter supplies to halt the rout.