Forecasting the imminent demise of European banks, an expert talks RT’s Keiser Report through last week’s repo market meltdown and what it may indicate. “The treasuries that settled last week didn’t go well on the funding market – the Fed had to step in and do a $75 billion repo facility on an overnight basis […]
Last week, the Trump administration imposed new economic sanctions against Iran, targeting its central bank and its sovereign wealth fund. The head of Iran’s Central Bank Abdolnaser Hemmati said Wednesday that Iran and Russia have turned to bilateral trade in national currencies as both countries fall under US sanctions.
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.
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.
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.
The rise of cryptocurrency has sparked intense debate on its role in central banking systems, as well as economic viability in monetary supply chains.
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.
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.
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.
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.
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.
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.
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.
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.
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 […]