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Currencies

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

​London banker pleads guilty to fixing Libor, faces up to 10 yrs in jail
A senior London banker has become the first person to be prosecuted for fixing the London interbank offered rate (Libor), a scandal that resulted in billions worth of losses for savers as banks fraudulently boosted their profits.

07.10.2014 13:18

6 useful things you need to know about the rapid descent of the Russian ruble
The Russian ruble has lost more than 20 percent against the US dollar since the beginning of the year, but what does that really mean, for Russia, its people, and economy? RT talks to Ben Aris, Editor-in-Chief of Business New Europe, to find out.

07.10.2014 13:51

Bitcoin users in Russia to face harsh fines - draft bill
The Russian Finance Ministry is aiming to impose huge fines against individuals and companies for using the bitcoin cryptocurrency, Russian media reported.

06.10.2014 19:30

Putin says no capital controls in Russia, as currency hits record lows
President Putin said Russia isn’t planning on controlling foreign currency flows, putting to rest rumors that the weakening ruble would force the Central Bank to limit the free movement of currency across its borders.

02.10.2014 10:06

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