Currencies

22.05.2012 18:44 7 comments Could Geuro save Greece? Introducing a parallel currency could be Greece’s best chance to stay in the euro and avoid a devastating default, according to research from Deutsche Bank experts. Eurozone crisis		18.05.2012 23:41 18 comments Merkel meddle: Germany pushes for Greek referendum? Germany denies reports that Chancellor Angela Merkel suggested Greece holds a referendum on the country’s membership in the “euro club”. However, major political parties have slammed the proposal.
17.05.2012 16:37 3 comments Canadian dollar to give Iceland helping hand Iceland would be better off replacing its currency with the Canadian dollar. So say Icelandic economists, who believe the move - which remains a possibility - would help stabilize the small northern country's ailing economy. Eurozone crisis		17.05.2012 11:53 8 comments ‘Euro faces existential crisis Brussels was oblivious to’ European politicians failed to see that the single currency’s existence is in peril, trying to blame the system’s failures on individual countries, Aditya Chakrabortty, lead economics writer for The Guardian newspaper, told RT. Eurozone crisis
16.05.2012 13:45 9 comments Greek stampede for savings amid euro exit fears Preparing for rainy days ahead, Greeks have withdrawn 700 million euro from local banks in just one day, after it became clear on Monday that new elections in the country are inevitable. Eurozone crisis		16.05.2012 05:50 6 comments Greece could exit eurozone – IMF chief Even an ‘orderly’ exit by Greece from the eurozone poses great risks, but exiting remains an option if the debt-laden nation fails to meet the terms of the bailout deal reached with its partners, says IMF chief Christine Lagarde. Eurozone crisis
15.05.2012 18:55 8 comments Greece euro exit to hit Spain and Italy hardest – experts Where the eurozone crisis heads will depend not on whether Greece leaves the union, but on how the situation in the region affects debt-troubled Italy and Spain, Aleksey Bachurin, head of Russian Cash Equity Trading at Renaissance Capital, told RT. Eurozone crisis		15.05.2012 15:37 11 comments Asian tigers move away from dollar China, Japan and South Korea are taking further steps to replace the dollar in trade between them as the countries start negotiations on a free trade agreement, Vladimir Rozhankovsky, Head of Research at Nord Capital told RT.
14.05.2012 14:05 15 comments European markets on verge of nervous breakdown over Greece Growing worries about looming new elections in Greece and the country’s probable exit from the eurozone are bringing European shares down, while banks prepare for a return of the Greek drachma.		11.05.2012 14:01 13 comments Greece ‘must try harder’ to stay in euro Germany's finance minister Wolfgang Schaeuble pointed out the eurozone would move on even if Greece drops out, stressing the country must fulfill its obligations to stay in the currency union. Eurozone crisis
02.05.2012 22:18 3 comments Another day, another blow for the euro After being blamed for the UK's douple-dip recession by the PM over the weekend, the belaugured currency fell for a third straight session against the dollar on Wednesday, tumbling to $1.3121, its lowest point in more than a week.		11.04.2012 16:11 4 comments Brazil's President: Put a collar on the dollar Brazil has warned the monetary policies of developed countries are threatening the growth of emerging economies.
29.03.2012 14:56 13 comments BRICS agree to local currency credits to ease dollar dependency The BRICS - Brazil, Russia, India, China and South Africa - have agreed to provide credit to each other in local currencies. Officials say the deal will facilitate economic growth in times of crisis.		28.03.2012 18:56 14 comments BRICS bank on their bank and currencies to withstand financial troubles The BRICS countries, Brazil, Russia, India, China and South Africa, are putting together some more bricks to make them a stronger economic power - a joint development bank and united stock index.
28.03.2012 12:30 7 comments India ready to buy Iranian oil with rupees India says it will continue using foreign currency when buying oil from Iran until the new EU sanctions take effect in July. Bloomberg reports they will then use the rupee as the currency of payment.		23.03.2012 15:29 5 comments Rouble popularity rises on Iran tension The Russian rouble is becoming more popular in emerging markets, with the currency trade volume at the Chicago Mercantile Exchange up 46% year on year in the first 2 months of 2012. But experts say the over-dependency on oil makes the growth fragile.
22.03.2012 00:17 13 comments IRS gets its own 'SWAT team' The US Internal Revenue Service is calling on the big guns to help clampdown on companies shifting earnings from country to country to lower the amount of taxes that are owed to the US government.		20.03.2012 18:49 19 comments BRICS bank next step to dollar independence The ‘club’ of emerging economies known as the BRICS are strengthening their union. The countries are mulling over setting up a single development bank to promote joint investment initiatives, as well as their domestic currencies.
12.03.2012 19:17 3 comments China trade deficit bad news for investors worldwide News of China’s huge trade deficit has frightened investors out of their wits as they used to consider China a safe haven during times of economic turmoil. They are concerned that China’s slowdown will worsen the global economic situation.		08.03.2012 17:11 24 comments China to export yuan to BRICS China is reportedly to begin extending loans in yuan to BRICS countries in another step towards internationalizing the national currency and diversifying from the US dollar.

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