US prosecutors are set to travel to London in the forthcoming weeks to probe City traders about currency market manipulation. However, British prosecutors are yet to file a criminal charge against UK financiers who rigged the rates.
Delegations from Russia, Saudi Arabia, Mexico and Venezuela have met for the first time in such a format for talks in Vienna to discuss rapidly dropping oil prices. The group agreed to monitor prices for a year
MPs on Friday debated Labour MP Clive Efford’s Bill to protect the National Health Service (NHS) from what critics claim is a path of permanent privatisation. Labour won the vote, with a majority of MPs backing the proposed legislation.
There are three possible outcomes to the OPEC meeting: either they leave the situation as it is, or stick to a 30 million barrel per day ceiling, or cut oil production, Stuart Elliott, Senior Managing Editor of Europe & Africa Oil News, told RT.
Global pharmaceutical spending will surpass the trillion dollar threshold in 2014, with high prices for innovative hepatitis C and cancer drugs in the US, a new study says. By 2018 spending is expected to increase by another 30 percent.
By persuading Indian farmers to buy genetically modified organism (GMO) seeds Monsanto spreads its genetically engineered crops around the world so that no one can compete with pure non-GMO products after that, anti-GMO activist Jeffrey Smith, told RT.
European companies now have the opportunity to settle trading accounts in Chinese yuan. The Bank of China in Frankfurt has become the first to operate European yuan clearing. Trading costs will be cut as there will be no dollar exchange first.
The Chinese mainland is now open for business, at least in terms of its $4.2 trillion capital market. The Shanghai and Hong Kong stock exchanges are now linked giving foreign investors access to the tightly-controlled Chinese capital markets.
Once sanctions are lifted it may be too late for Western producers to return to the Russian market. By then everything will be replaced by domestically made products, or food and goods imported from other countries, said Russian PM Dmitry Medvedev.
The Asia-Pacific region is one of the strategic priorities in Russian foreign policy. As President Vladimir Putin stated at the APEC summit in Beijing, Russia is planning to expand its cooperation with Asian countries in many spheres.
A major inquiry into the dominance of Britain’s largest banks was launched by the Competition and Markets Authority (CMA) on Thursday in an effort to challenge their monopoly of the UK’s financial sector and boost competitiveness on the high street.