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Finance

Benefit sanctions, greater poverty forcing more people in UK to use food banks
​The users of food banks in the UK are people are being forced to do so as a result of benefit sanctions and delays, family breakdown or debt, and for many it’s the absolute last resort, Alison Inglis-Jones, from the Trussell Trust, told RT.

16.04.2014 13:24

'Russia should take a closer look at China's Union Pay'
By 2018 China will be Russian energy’s biggest customer, along with huge trade volume between the two states. So it makes sense for Russia to take advantage of the China’s Union Pay system, Chinese expert, Andrew Leung, told RT.

15.04.2014 11:54

Asia invests in infrastructure projects despite economic hurdles
While old Europe is sliding into a Cold War redux of self-destructive anti-Russian and pro-US attitudes, Asia is moving fast to consolidate and improve its business.

15.04.2014 11:59

'Time for a new recession'
​The economic cycle is approaching its average upswing, but worryingly many Westerners have yet to encounter the green shoots of recovery.

14.04.2014 11:17

​Euro-Catch 22: Mario Draghi’s woes over QE
Not only is the eurozone economy festering, even the ultimate in Quantitative Easing may prove an entirely poisoned chalice.

08.04.2014 07:36

Moody’s downgrades Ukraine to ‘default imminent’
Moody's Investors Service has downgraded Ukraine's government bond rating one notch from Caa2 to Caa3, citing the current political crisis and deepening economic instability as reasons for its negative outlook.

05.04.2014 08:30

Russia should switch to ruble payments with all trading partners - head of VTB Bank
The head of VTB Bank has urged Russia to start transitioning to ruble payments with all its trading partners, including China and Western Europe, adding that export companies should lead the way in adopting the change.

02.04.2014 23:23

Swiss watchdog probes 8 banks over currency rate manipulations
The Swiss regulator has become the first to confirm it had uncovered illegal currency rate rigging. The WEKO watchdog put eight banks under scrutiny over rigging of the benchmark Forex market rates, where an estimated $5.3 trillion changes hands daily.

01.04.2014 06:59

EU cozies up to China, as relations with Russia sour
Chinese President Xi Jinping is wrapping up his official European tour. His hosts have pampered the head of state and his 200-strong business entourage as the two economic blocs work towards a multi-billion dollar free trade agreement.

31.03.2014 12:11

​Two men caught with $4.1tn worth of fake bonds at Vatican Bank
Police have caught two men allegedly trying to deposit trillions of fake euro bonds in the Vatican bank.

31.03.2014 05:52

Sanctioned Bank Rossiya ditches foreign currency for ruble
Bank Rossiya which was blocked last week by Visa and MasterCard says it will limit its operations to the domestic market and stick to the ruble. The bank wants to protect its clients against any possible "unfair action" by foreign financial institutions.

28.03.2014 14:13

​Wal-Mart sues Visa for $5bn over 'excessive' card fees
The world’s biggest retailer Wal-Mart is suing Visa for $5 billion for excessively high card swipe fees between 2004 and 2012.

28.03.2014 06:33

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