Russia’s key indices have bounced back on Tuesday, as President Vladimir Putin gave his first news conference since President Yanukovich of Ukraine was ousted. Putin insisted the market turmoil on Monday was a "tactical, temporary" decision by investors.
Conspiracy theories suggest a massive banking cover up leading to widespread murder in financial markets. Whatever is afoot, several high profile banker deaths raise questions about the sustainability of the system.
Powerful global pharmaceutical firms are leaning on the United States government to discourage India from allowing the production and sale of affordable generic drugs still on-patent, according to inside sources close to the matter.
The emerging market currency crisis is being propelled by policymakers who are “seeking the easy answer” by devaluing their currency, which is an unsustainable global model, Saxo Bank CEO Steen Jacobsen told RT.
In 2013 world leaders took a number of important policy decisions and practical steps that helped to tackle key risks, improve situation in the financial markets and sustain the recovery of the international economy.
It is true that a small percentage of Bitcoin transactions are illegal, but the majority of illegal goods are bought with US dollars, the primary currency used in the international trade in illicit goods, economist Mark Thornton told RT.
Legalization of marijuana for recreational and medical use in 20 US states has seen a boom in cannabis-oriented businesses. Experts say the market can jump to $10.2 billion by 2018, warning of a possible repetition of the dotcom bubble of the late 1990s.
Pricing probes have forced London’s biggest banks to consider a systemic overhaul of the dated practice of "fixing" gold prices, which sets spot pricing for the world’s $20 trillion physical gold market.
The world’s largest producer of potash fertilizer, a farming essential, will lower prices for some Chinese customers to $305 per metric ton. Uralkali says it signals a recovery in the market hit by last year's split of the world’s biggest potash cartel.
Germany’s Bafin is the first financial regulator to comment on the Libor rate manipulation scandal which led to $6 billion in fines. President Elke Koenig said manipulating the $5.3 trillion-a-day foreign exchange market is just as bad.