The Greek parliament has voted in favor of a bill enacting the reforms required by its European creditors as part of a new bailout plan. This paves the way for the controversial 85-billion-euro bailout deal defended by Prime Minister Alexis Tsipras.
An overwhelming majority of Greek MPs voted in favor of the reform package, w [...]
As the BRICS/SCO summits wrap up in Russia, RT looks back at the issues dominating three days of meetings with a launch of $100bn reserve currency pool, high hopes about the New Development Bank and the possible impact of Iran deal on oil among them.
About 10,000 visitors gathered at the two events, the BRICS and the Shanghai [...]
As cash withdrawals from Greek banks reach €100 million a day the country’s banking system will end up bankrupt on Monday if no deal with creditors is reached over the weekend, some senior bank executives told the Financial Times (FT) on Friday.
Cash withdrawals are at a high rate despite capital controls imposed by the G [...]
BRICS is gaining momentum as an increasingly effective organization and its New Development Bank is likely to become new source of funding for the current infrastructure gap, South Africa's Trade and Industry Minister Rob Davies told RT.
There’s a need for more development banks in the world involved in more developmental f [...]
The European Commission should have adjusted the economic activity of Greece before the crisis, Russian President Putin has said, adding that the EU shouldn't have issued such high bonuses and loans to the debt ridden country.
“Of course, all the blame can be shifted to the Greeks. But if there were violations in their [Gre [...]
The Public Investment Fund (PIF) of Saudi Arabia in partnership with the Russian Direct Investment Fund (RDIF) has agreed to invest $10 billion into Russian projects. It is the largest foreign investment in Russia.
"We have reached final agreements and are announcing the creation of a partnership with the sovereign fund of Sa [...]
WikiLeaks has published secret "core text" related to the controversial trade agreement currently being negotiated behind closed doors between the US, EU and 23 other countries. Big corporations look to be the biggest winners in the deal.
Leaked documents of TiSA (Trade in Services Agreement) negotiations reveal that the trea [...]
The Bank of England (BoE) has warned the Greek debt crisis is a threat to UK financial stability and could trigger wider problems on financial markets.
In its twice-yearly Financial Stability Report published Wednesday, the BoE claimed the risks associated with Greece had “worsened” and that the situation “remains fluid [...]
The Europgroup is now focusing on Plan B over Greece's default and possible exit from the euro, as Athens has rejected the latest creditors' proposals and is going for a referendum on the issue.
Prime Minister Alexis Tsipras’ decision to hold a referendum caused a wave of criticism and discontent from the eurozone finance m [...]
The IMF moving away from supporting Greece while remaining eager to underwrite bankrupt Ukraine underlines the dramatic collapse in EU power.
It’s probably because it rolls off the tongue more easily. The phrase ‘poker face,’ I mean. The serious exponents of the art of never giving away the slightest facial tic must sur [...]
The Asia-Pacific region has overtaken Europe in terms of global wealth management for the first time, becoming the world's second wealthiest region with $47 trillion says a report released by BCG. It's on the way to overtaking North America next year.
In 2019 private wealth in the countries in the Asia-Pacific area is expecte [...]
Moscow is expecting Kiev to clarify whether the latter is going to honor Ukraine's international commitments made by the previous authorities, including the $3 billion debt to Russia, after President Poroshenko dubbed it a "bribe" to Viktor Yanukovich.
“In the first place, we are expecting some kind of explanations on wheth [...]
A fundamental problem for Greece is that at the end of the day it wants to be in Europe but doesn’t want to have austerity policies, Mark Blyth, professor of political economy at Brown University, told RT’s “In the Now.”
Greece has delayed its IMF debt payment until the end of June. [...]
Russia will appeal to the International Court of Justice if Ukrainian President Petro Poroshenko signs a moratorium on the payment of Ukraine's external debt into law and fails to pay its debt to Russia, said Russian Finance Minister Anton Siluanov.
Siluanov said Ukraine was virtually defaulting on its debt, adding that Russi [...]
Let's consider for a moment what the response would be from Washington if Russia announced the start of international war games near American borders. Impossible you say? Yet that is almost exactly what the Pentagon has announced near Russia.
“The Russian Ministry of Defense has announced that over 350 Russian soldiers and [...]
The euro fell to a two-week low on Wednesday following a Greek government warning that it will miss the June 5 IMF payment deadline without a deal with the Troika by then.
The single currency traded at $1.1115, down 0.4 percent at 11:36am MSK on Wednesday. It declined 0.71630 against the British pound and 134.34 against the J [...]
The Central Bank of Russia is taking effective steps to stabilize the national currency and the economic situation as a whole, according to the Deputy Managing Director of the International Monetary Fund (IMF) Min Zhu.
“I think the Russian Central Bank is reacting adequately to the current situation,” the banker said at a [...]