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Currencies

Why should UK taxpayers foot the bill for Ukrainian oligarchs’ military adventures?
​Back in 2003, with the illegal Iraq war looming and protests filling the streets of London in opposition, Vanity Fair’s David Margolick came to Downing Street to interview Tony Blair.

18.08.2014 09:42

Russia seeks safe haven in gold, away from dollar and euro
Russia is taking steps to ensure that it protects itself from any future dollar or euro sanctions. Moscow boasts the world’s 5th biggest foreign exchange reserves and the 6th largest gold reserves. In total, the assets amount to over $1.5 trillion.

15.08.2014 11:53

​UK unemployment falls, but youth still feeling pinch
Hundreds of thousands of young people in Britain are likely to remain unemployed, despite the country’s ongoing economic recovery, a leading UK think tank has said.

13.08.2014 08:57

Russia, China agree on more trade currency swaps to bypass dollar
The Russian and Chinese central banks have agreed on a draft currency swap agreement, which will allow them to increase trade in domestic currencies and cut the dependence on the US dollar in bilateral payments.

08.08.2014 13:38

Insurance company pays $21k in coins to elderly man with a hernia
A small insurance company in California has a thing or two to learn about customer service. Adriana’s Insurance Service settled a lawsuit over an employee assaulting an elderly man… and delivered his compensation in buckets full of coins.

06.08.2014 20:31

Unintended consequences: Sanctions on Russia hurt US dollar dominance
The US dollar, the dominant global currency since 1944, may lose some of its luster due to the American-led sanctions against Russia over the turmoil in Ukraine. The greenback has been fading in favor since the global financial crisis in 2008.

06.08.2014 15:06

Bitcoin Britain: Jockeying for position as leader in cryptocurrency innovation
The UK is looking into the potential of virtual currencies, such as bitcoin, as part of the country’s measures designed to ensure it becomes the “global leader of financial innovation.”

06.08.2014 09:24

Germany’s trade surplus: Feeding euro crisis
President-elect of the European Commission Jean-Claude Juncker needs to bite the hand which fed him high office by fining Germany for economic achievements.

30.07.2014 09:03

Chatty traders face criminal probe for rigging forex market
​Britain’s Serious Fraud Office (SFO) is investigating the alleged use of chatrooms by forex traders in a conspiracy to rig exchange rates. An estimated $5.3 trillion in currencies changes hands daily.

22.07.2014 06:55

BRICS establish $100bn bank and currency pool to cut out Western dominance
The group of emerging economies signed the long-anticipated document to create the $100 bn BRICS Development Bank and a reserve currency pool worth over another $100 bn. Both will counter the influence of Western-based lending institutions and the dollar.

15.07.2014 17:24

​Putin: No plans for BRICS military, political alliance
The BRICS countries want to challenge the international financial system’s dependency on US policies and strengthen the rule of international law, Vladimir Putin said. He stressed, however, that there are no plans for a military or political alliance.

15.07.2014 02:09

‘America using the dollar as a weapon’
The US mixes trade with politics using the dollar as a weapon in sanctions against Iran and Russia, trying to restrict these nations’ access to the US dollar, which creates mass imbalances, Chairman of the Bruges Group think tank, Robert Oulds, told RT.

08.07.2014 10:07

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