Biggest investor in the Russian economy is… the United States
US investment in Russia was 13 times bigger than official numbers show, statistics released by the United Nations Conference on Trade and Development (UNCTAD) have...
Category Archives: Economy & Money
Russia’s gold & foreign exchange reserves exceed $500 billion
The Central Bank of Russia (CBR) reported Thursday that the country’s international reserves amounted to $502.7 billion last...
Beijing answers Trump’s tariffs with massive gold-buying spree
China’s vast gold stockpile saw another boost in May, marking an ongoing increase for a sixth straight month,...
Oil just had its worst run since 2008
Oil has entered a bear market as fears of an economic downturn mount. The fundamentals look much tighter than the swoon might suggest, but the...
Deutsche Bank confiscates 20 tons of Venezuelan gold after default on swap agreement
Germany’s biggest lender, Deutsche Bank, has taken control of 20 tons of gold belonging to Venezuela as collateral...
Russia & China agree to bilateral trade in national currencies during Putin-Xi meeting
Russia and China took another step away from the US dollar after the two countries agreed to develop...
World Bank ranks Ukraine as one of the poorest nations in Europe
Ukraine is rated as one of the poorest countries in Europe and Central Asia when it comes to GDP per capita, according to the country’s...
US proposes penalties on countries it accuses of manipulating currencies
The US Commerce Department has proposed a new rule to impose anti-subsidy duties on products from countries that...
One country that could win big from the US-China trade war
If China follows through on its retaliatory threat of raising US liquefied natural gas (LNG) tariffs from 10...
Venezuela to ditch Visa & Mastercard by early 2020
The central bank of Venezuela will develop an independent national payment system to get rid of international giants...
Years of US sanctions have cost Venezuelan economy $130 billion
Over the last few years Venezuela has suffered enormous losses due to the economic blockade introduced by Washington, Venezuela’s ambassador to Russia Carlos Rafael Faria...
Russia’s gold production sees year-on-year surge of 13%
Gold output in Russia increased by 12.6 percent from January through March this year compared with the same...
Zimbabwe’s economy pronounced ‘DEAD’ & plunge another 20% this year
The spiraling economic meltdown in Zimbabwe is expected to worsen in 2019, partly due to the out-of-control inflation,...
Trump to shelve tariffs on European and Japanese vehicles for up to six months
US President Donald Trump has decided to delay the promised duties of 25 percent on European and Japanese cars by up to 180 days as...
Russia boosting gold & dumping dollar from foreign currency reserves
The Central Bank of Russia reports that foreign exchange reserves saw a significant boost of nearly $3.3 billion...
Bayer stock crashes to 7yr low after $2bn Roundup cancer verdict
German pharmaceutical firm Bayer lost 6.8 percent on share value in trading Tuesday after a US jury awarded...
Gold prices on fire thanks to US-China trade war
Renewed trade war fears are breathing life into the gold market, according to Phil Streible, senior market analyst at RJO Futures, who also pointed to...