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Currencies

​Britons earning less than in 2001, young take biggest hit – study
British people are earning less in real terms than they were in 2001, according to new analysis from the Institute of Fiscal Studies (IFS), with young Brits bearing the brunt of the fall in wages.

30.01.2015 11:35

​Russia increases gold purchases by 123%
The Central Bank of Russia bought a record amount of gold in the first 11 months of 2014 spending an estimated $6.1 billion. Increasing gold reserves attempts to reduce dependence on the dollar amid geopolitical tension, Mark O’Byrne of GoldCore, told RT.

30.01.2015 08:08

Russia's Central Bank unexpectedly slashes rate to 15%, ruble reels
The Russian Central Bank has cut its key interest rate to 15 percent from 17 percent due to the 'shift in the balance of risks of accelerated consumer price growth and cooling economy,' according to a statement from the regulator.

30.01.2015 10:34

For Syriza, the only way is Essex! British university a hotbed of Greek radicalism
World statesmen have been educated in Britain’s finest institutions – Oxford, Cambridge and the University of London. Now the University of Essex may be the intellectual cradle of Europe’s politicos – Greek anti-austerity ones, at least.

29.01.2015 16:51

Ruble sinks to new record low as WTI nears $44
The volatile ruble has hit a fresh low against the US dollar, trading at 69 per 1 USD after the Russian currency lost 2 percent of its value in opening trading hours in Moscow.

29.01.2015 08:18

Chinese yuan now top 5 major intl payment currency
The Chinese currency is the 5th most-used currency in international payments, according to the SWIFT network responsible for international financial transactions. Breaking into the top 5 is symbolic to balance dollar-denominated payments.

28.01.2015 11:31

​Green Party £72 ‘citizen’s income’ policy branded ‘unworkable’
One of the UK Green Party’s flagship policies has come under heavy criticism by a leading think tank, which argues it would make British people worse-off in the long term.

28.01.2015 12:46

Iran, Russia to create ‘joint bank’ for trade in national currencies – ambassador
Iran and Russia are planning to switch their bilateral trade to national currencies for which the states will create a joint bank or a mutual account, Iran's ambassador to Russia, Mehdi Sanaei, has announced.

27.01.2015 23:54

Russian ruble recovers after S&P downgrade
The ruble has made a 2.5 percent comeback after losing more than 5 percent after S&P downgraded Russia’s sovereign credit rating to ‘junk’ status.

27.01.2015 12:38

Japan’s trade deficit jumps to $108bn record high
The trade deficit of the world’s third largest economy hit a new record of around $108 billion in 2014, the highest since 1979. Sharp demand for energy in Japan after the Fukushima disaster boosted imports; lower oil prices could reverse this in 2015.

26.01.2015 11:18

Iran moves away from US dollar in foreign trade
Iran is stopping mutual settlements in dollars with foreign countries and agreements on bilateral swap in new currencies will be signed in the near future, the Central Bank of Iran (CBI) has said.

24.01.2015 13:40

​Venezuela adds new currency market to save ailing economy
Venezuela will modify its complex currency controls and add a third new exchange system where dollars will be offered through private investors. This is to combat the black market and keep the existing three-tier model, said President Nicolas Maduro.

22.01.2015 10:40