OPEC agrees biggest oil production cut since 2008 financial crisis, but only if Russia joins
March 09, 2020 at 04:14 AM
The Organization of the Petroleum Exporting Countries (OPEC), led by Saudi Arabia, has decided to cut production by up to 1.5 million barrels per day. The decision is believed to be conditional on approval from Russia. Read More »
Calm down! WHO tells global markets not to panic after coronavirus wipes $5 trillion off stocks
March 02, 2020 at 04:38 AM
After a sea of red swept through the global markets, resulting in the worst week since the 2008 global financial crisis, the World Health Organization (WHO) has called on investors to stop panicking and focus on facts. Read More »
It's just business: US & Britain buying more and more oil from Russia
March 02, 2020 at 02:30 AM
Russia more than doubled crude oil supplies to the United States and Britain in 2019, data from the Federal Customs Service (FCS) has revealed. Read More »
Coronavirus panic could severely hit US services economy, former Fed insider tells Boom Bust
February 28, 2020 at 02:39 AM
Stocks are seeing a second straight day of losses as global coronavirus fears shake the financial markets. RT’s Boom Bust looks into economic reactions and at how the Federal Reserve could react. Read More »
'Big trade deal' between US & India on the way, Trump & Modi say
February 27, 2020 at 04:44 AM
US President Donald Trump and Indian Prime Minister Narendra Modi have pledged to seal a comprehensive trade accord soon as the two sides are engaged in "positive" talks on the matter. Read More »
South Korean President Says Government Should Take All Measures to Boost Economy Amid Virus Outbreak
February 24, 2020 at 02:45 AM
The South Korean leader noted that the economic situation in the country was in danger due to the new virus spreading from neighboring China but warned against excessive fear and anxiety over the outbreak. Read More »
Good news for the gilded: Study shows Moscow is among world’s cheapest cities for luxury
February 07, 2020 at 04:55 AM
Are you filthy rich but still looking for bang for your buck? Well then, Moscow might just be the place for you. A new study shows the Russian capital is one of the most affordable cities for the world’s wealthiest consumers. Read More »
Worst day in years as Chinese markets plunge 8% amid coronavirus outbreak
February 05, 2020 at 02:49 AM
China's stock markets tanked on Monday, their first day of trading after an extended Lunar New Year holiday, with nearly 3,500 stocks dropping by the daily 10 percent limit. Read More »
Global markets sink as concerns over spread of deadly virus mount
January 29, 2020 at 02:22 AM
Worries over the rapid spread of the deadly coronavirus, which has infected almost 3,000 people and killed more than 80, have rocked financial markets around the world on Monday. Read More »
China & India to take control of one-third of global economy
January 29, 2020 at 02:18 AM
The developing markets of China and India will make up 35 percent of global gross domestic product (GDP) by 2060, nearing the US and European nations' combined share, according to the Japan Center for Economic Research. Read More »
