The Five Countries With the Biggest Defense Budgets

July 22 (Bloomberg) –- Global defense spending has been declining since 2011, as the U.S. withdraws from Afghanistan and Iraq and Europe implements austerity measures. Bloomberg RANX takes a look at which countries are spending the most on their militaries. (Source: Bloomberg)

Outlook for Russian Ruble Isn't Bad: Morgan Stanley
13:47 - Hans Redeker, managing director and head of global FX strategy at Morgan Stanley, discusses the impact of geopolitics on the ruble and the euro. He speaks to Bloomberg's Anna Edwards on "Countdown." (Source: Bloomberg)
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