The biggest holder of US Treasury bills, notes and bonds – China – has dropped $7.8 billion worth of US sovereign debt as a large-scale trade conflict, launched by Washington earlier this year, breaks new ground. The latest statistics released by the US Treasury Department showed that China’s share of US sovereign bonds hit a six month low of $1.171 trillion in July, from $1.178 trillion in [...]

The recent growth in the Russian currency has helped the ruble-traded MOEX index reach an all-time high on Tuesday. The index rose to 2,390 points for the first time in history after the ruble strengthened to 67.7 against the dollar and 79.1 against the euro. Earlier in September, the Russian currency had suffered a deep plunge against reserve currencies amid a new US sanctions threat. [...]

Countries around the globe are trying to find ways of substituting the US dollar in trade, according to Russian presidential spokesman Dmitry Peskov. “All of a sudden, the country which issues the US dollar starts making steps which are shattering trust in this reserve currency. [...]

A French anti-globalist group has covered the walls of the country's most prominent banks with black soap, lightning orange smoke bombs, and green slime to decry the "toxic" finance industry.Hundreds of activists from Attac France staged a series of protests across the country on Saturday to mark the anniversary of the global financial crisis, which was triggered by the bankruptcy of Wall Street t [...]

MOSCOW (Sputnik) - Iranian Central Bank Governor Abdolnaser Hemmati has discussed a possible replacement of the US dollar by national currencies in trade transactions with Turkish and Russian representatives at the recent trilateral summit of the Syrian ceasefire guarantor states, local media reported. [...]

The United States is the largest debtor nation in the world and “it’s getting worse and worse,” according to investment guru Jim Rogers, who talked to RT on the sidelines of the Eastern Economic Forum (EEU) in Vladivostok. Rogers admits that he still owns a lot of US dollars but not because it’s a sound currency. [...]

The US dollar is no longer used by Tehran and Baghdad in bilateral trade, giving way to the euro and local currencies, as well as direct barter of goods, head of the Iran-Iraq Chamber of Commerce Yahya Ale-Eshagh has revealed. [...]

The latest trend among European countries of bringing home their gold reserves has been raising concerns in Brussels. RT talked to Claudio Grass of Precious Metal Advisory Switzerland to understand what’s behind that trend. According to Grass, the process means disintegration, which usually comes with instability, unrest, more government intervention and control. [...]

The European Union should set up a system that would allow Brussels to be independent in its financial operations from Washington, according to German Foreign Minister Heiko Maas. It is indispensable that we strengthen European autonomy by creating payment channels that are independent of the United States, a European Monetary Fund and an independent SWIFT system,” [...]

Qatar and Turkey have inked a currency swap agreement to boost liquidity and provide financial stability, Qatar’s central bank said, days after Doha pledged $15 billion of direct investment into Turkish markets. The deal, which aims to boost cooperation between the countries, was clinched on Friday. The agreement will set up a two-way currency exchange line and facilitate exchange of trade betwe [...]

Ankara has given a green light to Moscow’s proposal to switch to ruble-lira trade between the countries. Turkey also has similar plans for trade with China and other countries. “We are discussing the transition to national currencies not only with Russia and China, but also with other countries. It is not just Turkey's request. [...]

Italy’s ruling Northern League party predicts the dismantling of the euro unless the European Central Bank (ECB) offers a guarantee to reduce yield spreads in the eurozone. "The situation can’t be resolved and it is going to explode,” the economics spokesman of Italy’s ruling Northern League party, Claudio Borghi, told Reuters. [...]

Deutsche Bank’s problems in the US continue as this time around, the Securities and Exchange Commission (SEC) has found the bank’s subsidiaries were likely involved in questionable trading schemes over a period of at least five years. Kristian Rouz — The US Securities and Exchange Commission (SEC) has moved to slap a hefty fine on Deutsche Bank as a settlement payment in a probe into  [...]

RT’s Keiser Report remembers the media hysteria of 2014, when many Western news outlets claimed Russia wouldn't survive the introduction of international sanctions and the ruble crisis that followed. Max and Stacy also discuss a claim by the IMF’s former representative in Russia that there “will never be a debt crisis”with the country’s current economic team in charge, which is the wor [...]

Switzerland’s financial regulator has accused Rothschild Bank AG and its trust subsidiary of violating anti-money laundering law in relation to 1MDB, the troubled Malaysian sovereign wealth fund. According to the regulator, both Rothschild Bank AG and Rothschild Trust AG failed to check where assets from a client came from. [...]

There’s only 10 countries that will sell you citizenship. Here’s what it costs. Cheaper than a Gulfstream, nimbler than a superyacht, a second passport—or a third or fourth—has become another trophy for the ultra-wealthy. Even self-styled citizens of the world, it seems, need a Plan B. Plus, that gold Maltese coat of arms looks classy. One must keep up. [...]

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 of more than 500 investors highlighting confidence. [...]

The Central Bank of Russia (CBR) commonly factors in all kinds of risks when allocating the country's reserves, said the CBR chief, commenting on a major sell-off of US Treasury bonds. “We pursue the policy of safe and diversified holdings,” CBR Governor Elvira Nabiullina said while answering questions before Russia's lower house of parliament. [...]

The global economy is facing a threat of a spiraling protectionist measures that can lead to a devastating crisis, Vladimir Putin warned. Nations must find a way to prevent this and establish rules on how the economy should work. The Russian president spoke out against the growing trend of using unilateral restrictions to achieve economic advantage, as he addressed guests of the St. Petersburg Int [...]

About 40 leaders of the world's largest investment funds with total assets of over $13.5 trillion will participate in SPIEF 2018. They will discuss with President Putin the “unjustified” assumptions about isolating Russia. According to the head of the Russian Direct Investment Fund, Kirill Dmitriev, about 40 leaders of the world's largest investment funds from 20 countries with total assets of [...]

The US dollar is becoming less appealing for investors as American debt continues to soar and the greenback is printed to cover it, investor Jim Rogers said at the St. Petersburg International Economic Forum (SPIEF). The American currency will lose the status of main reserve currency much sooner than 2030, Rogers said at the Valdai Club’s discussion session, held as part of SPIEF. [...]

Settlements in US currency could be dropped by Russia in favor of the euro if the EU takes a stand against the latest US sanctions on Moscow, Finance Minister Anton Siluanov said at the St. Petersburg International Economic Forum. “As we see, restrictions imposed by the American partners are of an extraterritorial nature. The possibility of switching from the US dollar to the euro in settlements [...]