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Currencies

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

​'There are no reasons for the dollar to be world’s reserve currency’
The more the US antagonizes the world with spying or huge fines on foreign banks, the quicker the process of abandoning the dollar as a reserve currency will be unraveled, Peter Schiff, the president of investment house Euro Pacific Capital, told RT.

08.07.2014 06:39

IMF pushes Ukraine to ‘voluntarily commit suicide’
Western support will allow more IMF and European lending to prop the Ukrainian currency so the Ukrainian oligarchs can move their money safely to British and US banks, economist and author Michael Hudson told RT’s Truthseeker.

07.07.2014 13:17

​South Korea, China agree to direct trade in national currencies
South Korea and China have agreed to create a market for direct trading of the yuan and won, which is hoped, will help reduce the pressure of the US dollar, as well as cut foreign exchange costs and boost bilateral investment.

04.07.2014 06:38

Who got all Bitcoins auctioned by US govt? Just one venture capitalist
Tim Draper, the venture capitalist most recently in the news for his proposal to divide California into six distinct states, has emerged as the sole winning bidder for a tranche of Bitcoin auctioned by the US government.

02.07.2014 18:52

California governor signs bill legalizing bitcoin
California Governor Jerry Brown signed into law a bill making alternative currencies, including bitcoin, lawful in the state.

29.06.2014 05:28

Feds auctioning off massive stash of confiscated bitcoins
​The bidding began early Friday for bitcoin enthusiasts eager to acquire cryptocurrency seized by the United States Marshals Service during last year’s crackdown of the infamous Silk Road online marketplace.

27.06.2014 19:04

​British Islamic bond debut becomes a market hit
Britain has become the first western country to sell a five-year Islamic bond or "sukuk". The $340 million offering drew in orders of $3.9 billion which was more than ten times oversubscribed.

26.06.2014 12:51

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