Chinese yuan falls to lowest level since global financial crisis as trade war with US heats up
November 01, 2018 at 02:51 PM
The People's Bank of China has reportedly let the renminbi slip to a 10-year low against the dollar on Tuesday. A cheaper yuan helps Chinese products mitigate the losses from US import tariffs imposed by President Trump. Read More »
US sanctions are attempt to dominate global oil markets – Rosneft boss
October 30, 2018 at 02:11 PM
Sanctions, imposed by Washington against Russia and other countries, are nothing but an attempt to promote US companies in energy and other global markets, said Rosneft CEO Igor Sechin. Read More »
Gold demand up 42% as countries abandon US dollar in expectation of geopolitical shift
October 29, 2018 at 03:09 PM
Central banks around the world are turning to gold as an alternative to the US dollar, which they see as being undermined by America’s aggressive trade policy and geopolitical uncertainty. Read More »
Saudi Arabia says scandal over Khashoggi killing won't trigger another oil crisis
October 24, 2018 at 10:27 AM
There will not be a repeat of the 1973 oil embargo despite the crisis over the murder of journalist Jamal Khashoggi at the Saudi consulate in Istanbul, the Saudi energy minister reportedly said on Monday. Read More »
Nearly half the world lives on less than $5.50 a day – World Bank
October 23, 2018 at 02:36 PM
Despite progress in reducing extreme poverty, the number of poor worldwide is still “unacceptably high,” according to a World Bank report, which showed that billions of people still struggle to meet basic needs. Read More »
Trump Reportedly Seeks to Mend Personal Ties With Xi Amid Growing Trade Tensions
October 23, 2018 at 02:28 PM
The developments come amid the ongoing trade row between Washington and Beijing, which broke out in July when US President Donald Trump slapped tariffs on a sweeping range of Chinese imports in order to narrow the $350 billion-plus trade deficit. Read More »
Russia getting rid of US dollar matter of national security – Putin
October 22, 2018 at 10:41 AM
Sanctions are forcing Russia to find alternative settlement currencies to the US dollar to ensure the security of the country's economy, according to President Vladimir Putin. Read More »
US won’t impose economic sanctions against Saudis to protect its arms sales to kingdom – analysts
October 18, 2018 at 02:23 PM
The US sanctions threat against Saudi Arabia will likely remain only a threat, analysts have told RT. The kingdom is a major buyer of American arms and is also a huge holder of US Treasury bonds which makes sanctions improbable. Read More »
Iran turns to new oil importers in the face of US sanctions – top official
October 17, 2018 at 01:46 PM
Tehran is set to counter US sanctions which threaten to shut down markets for Iranian crude. The Islamic Republic has found new partners to buy its oil, according to First Vice President Eshaq Jahangiri. Read More »
Cutting out the US dollar: Russia & UK may switch to settlements in national currencies
October 17, 2018 at 01:40 PM
Russian and British companies could switch to settlements in rubles and pounds, abandoning US currency transactions, in case of political and economic necessity, said Boris Abramov, Russian trade representative in the UK. Read More »
