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Currencies

Rampant financial crime in City of London eroding public trust - BoE
A top Bank of England (BoE) official warns widespread financial crime in the City of London is eroding public trust. The BoE’s criticism surfaced as it launched a review to tackle market manipulation.

28.10.2014 19:08

Millions of Brits stuck in low wage jobs despite economic recovery
Five million Britons are working in low paid jobs despite the UK being the fastest growing economy in Europe, a leading think tank has warned.

27.10.2014 16:56

Russia growth up to 1.1% in September from zero
Russia’s GDP growth accelerated to 1.1 percent last month which marked an economic revival from the flat growth in August, the Ministry of Economic Development has said.

27.10.2014 14:43

Russian central bank to use new $50bn tool to revive ruble
Russia's Central Bank has launched a new financial tool known as currency repo, or repurchase agreement, that'll provide up to $50 billion by the end of 2016. It is expected to support the Russian ruble that has lost more than 20 percent since January.

27.10.2014 12:02

Hindu Diwali holiday triggers 450% gold surge in India
India will be glistening with gold in the next few days, as millions celebrate Diwali, the festival of lights. The holiday has pushed up demand for gold. In September the country imported $3.75 billion worth of gold jewelry in preparation.

23.10.2014 11:27

Good fundamentals make ruble ‘stable’ currency - Russian Central Bank
Russia’s currency has taken a significant 20 percent plunge this year against the dollar and euro, but analysts are confident that Russia’s sturdy stash of foreign reserves and miniscule external debt make the ruble one of the ‘most stable’ currencies.

22.10.2014 14:42

Cashing out: ‘Electronic payments taking over, banks to abandon paper money soon’
More and more countries are using electronic payments instead of physical as they’re much cheaper, easily traceable and help to combat terrorism financing, money laundering, tax evasion and the black market, economist Konstantin Gurdgiev told RT.

22.10.2014 06:50

‘Getting away from sanctions is the only way to stop EU economic downturn’
The EU economy wasn’t doing well but sanctions against Russia have worsened it even more, with Germany seeing a decrease in industrial output and exports by 5 percent, which is not a simple downturn but a collapse, economic analyst Michael Mross told RT.

15.10.2014 13:02

‘Ditch euro, defend Italy’s sovereignty!’ Eurosceptic leader calls for referendum
The leader of an influential Italian Eurosceptic political party, the Five Star Movement (M5S), says he will collect one million signatures required to petition the Parliament to conduct a referendum on Italy leaving the Eurozone as soon as possible.

12.10.2014 01:30

Vicious circle: ‘Economy not growing as companies sit on billions and don’t invest‘
Corporations around the world have billions of dollars in their bank accounts and they don’t spend it because the economy is not growing, but the economy is not growing because they are not spending the money, stock market analyst David Kuo told RT.

10.10.2014 06:57

‘Germany loses its position as EU economic power house’
With current forecasts Germany can’t keep up the rates of economic bailout and credit support that it has previously given to South European countries, the director of the Freedom Association in the UK Rory Broomfield told RT.

09.10.2014 08:22

​‘China still not leading economy’
Even though China is stronger in terms of purchasing power parity (PPP), the US remains the largest economy in absolute terms and is likely to keep this position for at least six more years, Max Fraad Wolff, New York based economist, told RT.

09.10.2014 09:34

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