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 Fed cut rates, that’s what’s breathing life right now into that gol [...]

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. [...]

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. [...]

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. [...]

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. [...]

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. [...]

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. [...]

A decade after the Great Recession in the US, approximately half of the economists at the National Association for Business Economists say that the next economic contraction will begin by the time US voters go back to the polls to decide whether they’ll keep US President Donald Trump in office. [...]

Ratings agency S&P Global said governments are continuing to run up huge debt levels and will borrow an equivalent of $7.78 trillion this year, which would be up 3.2 percent on 2018. That will come as another jump in borrowing to take the global mountain of sovereign debt to $50 trillion in 2019. [...]

Turkey does not want to be on the hook with the International Monetary Fund (IMF), the country’s leader Recep Tayyip Erdogan said, as he blasted the Washington-based organization. [...]

The US national debt has climbed above $22 trillion. It is projected to continue rising by a trillion each year over the next decade, due to the cost of pensions and medical care for the retiring Baby Boomers. On Tuesday, the US Treasury Department published the daily statement showing outstanding public debt standing at $22.01 trillion. [...]