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breakingnews
06.10.2009, 13:04
1 comment
The Federal Fisheries Agency is launching a chain of moveable kiosks in Moscow and St Petersburg, in an attempt to promote cheaper fish and fish products.
06.10.2009, 11:58
The Russian government is demanding that Renault and Nissan, who own 25% of the car maker between them, do more to support troubled car maker Avtovaz.
06.10.2009, 11:34
One of Russia’s longest corporate battles came to an end on Monday, with Norway’s Telenor set to merge its stakes in Vimpelcom and Kyivstar with those of Alfa Group’s telecoms arm, Altimo.
10.11.2009, 22:30
The prospect of major economies winding back fiscal and monetary stimulus measures which have helped to minimize a global economic downturn, could place a drag on Russia’s economic recovery.
09.04.2010, 21:21
9 comments
US energy giant Conoco Philips will launch Poland's first shale gas project next month, with the announcement sparking claims Poland could become a rival for Gazprom in Europe.
08.10.2009, 21:25
Gold is the strangest of commodities, used essentially only for adornment and investment. But the oldest measure of wealth, and its reemergence this decade, tells us a lot about our world.
06.10.2010, 13:59
2 comments
With Russia looking to diversify away from commodity production Business RT spoke with Petropavlovsk chairman, Peter Hambro, about the role natural resources should now play.
06.06.2009, 12:45
1 comment
Delegates from more than 70 countries have been gathering in St. Petersburg for a major economic forum to help define the world's post-crisis financial architecture.
21.06.2010, 11:14
1 comment
A shutdown of gas supplies to Belarus has been ordered after talks on the nation’s unpaid gas debts with Gazprom have failed to reach agreement.
02.07.2010, 15:21
3 comments
The US dollar should be cast off as the world's main reserve currency according to a recent U.N. report, with a number of states including Russia and China calling for a new reserve currency system.
Published: 06 October, 2009, 17:17
Edited: 13 October, 2009, 09:01
Gold has climbed to an all time high on renewed speculation about the U.S. dollar, after a report by British journalist Robert Fisk suggested key economies were planning to move away from the dollars reserve status.
Precious metals are so undervalued today in light of the world economic situation. It is too late to turn back the clock and guarantee all currency with precious metals. Perhaps this is where the world financial system got off track by not backing currency with gold, dollar for dollar. It would definitely be in every country's interest to stock up on precious metals because no one knows what paper money will do in the future. Paper money, like an insurance policy, is nothing more than a promise. Gold is tangible and over the years increases in value. Precious metals, in light of the current world situation, would not be overvalued at five times the current price.