"This night, Ukrainians unilaterally shut down three pipelines through which Russian gas went to Europe," Alexander Medvedev, deputy chief executive of Gazprom, told CNBC Tuesday. He also accused the Ukraine of stealing gas.

Fitch Ratings put Honda on watch for a possible ratings downgrade Tuesday, after Toyota said it would suspend production further amid the economic downturn. Seijiro Takeshita from Mizuho International discusses the Japanese automotive industry.

Figures over the last few months suggest we are approaching a base for the US housing market. But it won't be quick, recovery will only gather momentum into 2010, Neil Parker from Royal Bank of Scotland said Tuesday.

"This night, Ukrainians unilaterally shut down three pipelines through which Russian gas went to Europe," Alexander Medvedev, deputy chief executive of Gazprom, told CNBC Tuesday. He also accused the Ukraine of stealing gas.

Iceland was the biggest emerging market causality of 2008, but could another country run into similar problems in 2009? Arnab Das from Dresdner Kleinwort considers the outlook.

The private equity industry has been through a tough year in 2008 as the availability of credit has all but dried up. Patrick Dunne, director of 3i, spoke to CNBC about the outlook.