Finance

Dow Jones tanks 600+ points as Trump trades barbs with Beijing and the Federal Reserve
The Dow Jones saw a steep drop of 700 points after a threat from Beijing to slap new tariffs on billions of dollars in American goods, and a harsh response from US President Donald Trump, but picked up before ending 621 down. [...]
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Higher tariffs & currency devaluation don’t solve trade disputes, IMF warns US & China
The International Monetary Fund (IMF) has warned trade war rivals, China and the US, that hiking tariffs only harms both domestic and global growth. The IMF also noted that manipulating exchange rates also doesn't work. [...]
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Major American Bank Forecasts Dollar’s Looming Demise Amid Power Shift to Asia
Several major world economies, including Russia and China, have recently been discussing ways to abandon the dollar in bilateral transactions. Notably, Russian President Vladimir Putin has accused the US of using the status of its currency as a tool of pressure against other states and said that it undermines global trust in the dollar. [...]
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Russia, Belarus ‘Opening Up’ to Bitcoin as US Launches Tax Crackdown on Cryptocurrencies – Founder
The rise of cryptocurrency has sparked intense debate on its role in central banking systems, as well as economic viability in monetary supply chains. [...]
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Jeffrey Epstein found ‘injured & semiconscious’ with suspicious marks on neck in jail cell
Millionaire sex offender Jeffrey Epstein has been found “injured and in a fetal position” in his New York jail cell with marks around his neck, leading to speculation that he’d been attacked or injured himself to get transferred. [...]
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As Billions Pumped Into Restructuring, Deutsche Bank Suffers Biggest Quarterly Loss Since 2015
Deutsche’s net income also dropped by over 40 percent to €231 million in the second quarter, year-on-year - the lender is predicted to report a full-year loss for 2019. Deutsche shares fell 2.4 percent in response to the results. [...]
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JP Morgan says dump US dollar as its century of global dominance coming to end
The US dollar will struggle to remain the top international currency in the coming decades as the rising power of Asian economies is set to undermine its leading position, Wall Street bank JPMorgan Chase has predicted. [...]
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Russia’s economy expands despite sanctions – World Bank
The growth rate of the Russian economy increased last year, while inflation remained low, the World Bank said in its 2019 World Economic Outlook. “Although economic sanctions tightened, Russia experienced relatively low and stable inflation and increased oil production. [...]
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Kremlin Doesn’t Rule Out Collaboration on INSTEX Payment Mechanism for Trade With Iran
Iranian Foreign Minister Mohammad Javad Zarif previously noted that the EU mechanism for bilateral transactions with Tehran bypassing US sanctions could include other interested countries, such as Russia and Turkey. [...]
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Deutsche Bank’s brutal overhaul is sign that global financial system is in trouble – Jim Rogers
When traditionally stable institutions like Deutsche Bank find themselves in trouble, it’s a signal that the world’s financial system will face big problems down the road, legendary investor Jim Rogers has told RT. [...]
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‘Like a debtors’ prison’: American who fled to CHINA from $30k in student loans
Millions of Americans are struggling under the weight of student loans, but the government would rather bomb Iran than fix it, the graduate who packed his bags for China to escape his own crippling college debt tells RT. [...]
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Dollar dump? 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 bilateral trade using the ruble and the yuan. It was just one of the major deals reached after the presidents of the two countries, Vladimir Putin and Xi Jinping, held talks in Moscow on Wednesday. [...]
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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 growing investor fears over the possibility of a rate cut. “Potentially down the road, if equities slow down, and if the global economy slows down enough, you might see the Fed cut rates, that’s what’s breathing life right now into that gol [...]
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Dow Jones Drops 400 Points After Trump Reveals New Tariffs for China
After US President Donald Trump said on Sunday that the US will hike tariffs on goods imported from China, Wall Street will start the week with a sharp selloff, as investor optimism about the possible conclusion of a trade deal with China in the near future has faded. [...]
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Russia Continues to Dump Dollar, Buying Up 31 Tonnes of Gold in Single Month
Moscow's sovereign gold stockpile jumped up to over 2,100 metric tonnes last year, with the country's status as a major gold producer allowing for reserves to be built up using domestically sourced bullion. [...]
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Ruble proves most stable currency among developing nations – Russian Central Bank
The Russian currency has proven itself to be the most stable of all developing countries during recent volatility, according to the deputy head of the Central Bank of Russia. [...]
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Hey UK! It’s not just Venezuela, what happened to Australia’s gold?
Geopolitical and trade tensions along with US sanctions have shaken trust in the US dollar over recent years. As a result, a number of global central banks have been boosting their national reserves of gold bullion. [...]
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De-dollarisation: India, Japan Activate $75 Billion Currency Swap Agreement
Last year, several countries including India began taking measures to reduce their dependency on US currency to make foreign trade payments in the wake of the economic sanctions and trade conflicts triggered by Washington. The Indo-Japan move is part of this trend. [...]
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Bank of Russia Cashes in as Price of Its Recently Stockpiled Gold Skyrockets
Earlier, Bank figures showed that Russia added nearly to 275 tonnes of gold to its coffers in 2018, with total reserves climbing to over 2,100 tonnes of the precious metal. [...]
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