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Currencies

Ukraine backlash could result in 0% Russia GDP growth
Escalating violence in Eastern Ukraine could be a blow to Russia’s economy, with 0 percent growth a possibility according to the Russian Finance Minister Anton Siluanov.

16.04.2014 08:12

​Bond bubble bursts anew
Celebrations over Greece returning to bond markets mask a whole new problem: Athens hasn’t returned to economic health. Rather, it’s the bond market which has gone quite mad.

16.04.2014 06:58

'Russia should take a closer look at China's Union Pay'
By 2018 China will be Russian energy’s biggest customer, along with huge trade volume between the two states. So it makes sense for Russia to take advantage of the China’s Union Pay system, Chinese expert, Andrew Leung, told RT.

15.04.2014 11:54

​Trash & treasure: Hong Kong cops scour landfill for $3.7mn painting
Police in Hong Kong are searching through a landfill site after cleaners allegedly tossed a multi-million dollar painting in the trash. The ink-wash painting ‘Snowy Mountain’ had been auctioned off the day before for US$3.7 million.

09.04.2014 08:40

​Euro-Catch 22: Mario Draghi’s woes over QE
Not only is the eurozone economy festering, even the ultimate in Quantitative Easing may prove an entirely poisoned chalice.

08.04.2014 07:36

'Bumpy start': World Bank trims China growth forecast to 7.6%
​The Chinese economy continues to cool, and the World Bank has lowered its 2014 forecast to 7.6 percent growth, down from an earlier 7.7 percent. The global recovery remains shaky as 2014 kicks off with a “bumpy start”.

07.04.2014 11:19

JP Morgan unfreezes Russian embassy payment
America’s JPMorgan Chase said it has resumed processing a payment from the Russian Embassy in Kazakhstan, after the Russian Foreign Ministry said it had been blocked under "anti-Russian sanctions".

03.04.2014 14:05

​Russia’s biggest bank halts foreign currency personal loans
Sberbank has temporarily suspended giving foreign currency loans to individuals. Experts say other Russian banks are not likely to follow.

03.04.2014 07:17

Russia should switch to ruble payments with all trading partners - head of VTB Bank
The head of VTB Bank has urged Russia to start transitioning to ruble payments with all its trading partners, including China and Western Europe, adding that export companies should lead the way in adopting the change.

02.04.2014 23:23

How much will the Chile quake cost?
Earthquake damage in Chile could cost the country billions of dollars, a high price for a slowing economy dependent on exports.

02.04.2014 08:07

Swiss watchdog probes 8 banks over currency rate manipulations
The Swiss regulator has become the first to confirm it had uncovered illegal currency rate rigging. The WEKO watchdog put eight banks under scrutiny over rigging of the benchmark Forex market rates, where an estimated $5.3 trillion changes hands daily.

01.04.2014 06:59

Sanctioned Bank Rossiya ditches foreign currency for ruble
Bank Rossiya which was blocked last week by Visa and MasterCard says it will limit its operations to the domestic market and stick to the ruble. The bank wants to protect its clients against any possible "unfair action" by foreign financial institutions.

28.03.2014 14:13

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