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Investments

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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Gold hits 6-month high as Apple wreaks havoc in global markets

Gold has reached a more than six-month peak rising above $1,300 as investors rushed to seek refuge in the metals after iPhone maker downgraded its revenue forecast and amid fears of a global economic slowdown. The precious metal futures climbed in a second straight session on Thursday after US stocks saw the worst start of […]

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Avoid US stocks: Emerging markets is where to put your money in 2019, says Morgan Stanley

Stocks in emerging markets have had a rough year but are tipped for a turnaround, according to Morgan Stanley, which predicts stable growth in those economies in 2019.

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Trump Summit No-Shows Point to Waning US Influence in Region – Report

By not showing up, the US president – and thereby the nation he represents – loses ‘face’ in Asia, according to reports. US President Donald Trump skipped two major summits in Asia: the East Asian Summit hosted by the Association of Southeast Asian Nations in Singapore, and the Asia-Pacific Economic Cooperation (APEC) meetings in Papua New Guinea, leaving US Vice President […]

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Russia excels in ditching dollar ahead of pending US sanctions against country’s financial system

The list of the countries currently taking active steps towards eliminating their economic reliance on the US dollar is growing. Russia has joined a league of nations is making a lot of headway with the task, the WSJ reports.

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Russia makes top 5 of Europe’s most attractive destinations for foreign investments

Investor confidence in Europe has surged in 2017 after three years of decline. Europe has attracted a record level of foreign direct investment (FDI), with Russia making the top five list, according to data from EY. The firm’s report showed that, despite a slowing growth in Europe, investor sentiment is more buoyant with 50 percent […]

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