Business News
US sanctions have forced Russia to look at ways of securing its foreign reserves. In recent years, Moscow has increased purchases of physical gold and dramatically reduced its share of US debt bonds.
- Crimea's lifeline to Syria: Damascus gets grain supplies from Russia’s Black Sea peninsula
Russia has begun deliveries of wheat from Crimea to Syria. The move solves the dual problems of grain overproduction in Crimea and Syria’s desperate need for bread. - Tit-for-tat: World responds to Trump's tariffs with levies on US goods
The trade war that captured the world over recent months has deepened with more countries responding to US tariffs, while others are pledging to toughen already introduced retaliatory measures. - Bavaria rejects Angela Merkel's plan of paying out more money for eurozone
Bavarian Prime Minister Markus Soeder says he does not want German taxpayers to foot the bill for troubled European economies. He suggests the EU should solve the debt crisis first instead. - Russia prepares for production of iconic Soviet-era megaplane
Ulyanovsk-based plane maker Aviastar-SP has announced a competition to evaluate its capability to resume production of the An-124 ‘Ruslan’ heavy transport aircraft.
- Russia gets rid of US Treasury securities and buys goldUS sanctions have forced Russia to look at ways of securing its foreign reserves. In recent years, Moscow has increased purchases of physical gold and dramatically reduced its share of US debt bonds.
- Crimea's lifeline to Syria: Damascus gets grain supplies from Russia’s Black Sea peninsulaRussia has begun deliveries of wheat from Crimea to Syria. The move solves the dual problems of grain overproduction in Crimea and Syria’s desperate need for bread.
- Bavaria rejects Angela Merkel's plan of paying out more money for eurozoneBavarian Prime Minister Markus Soeder says he does not want German taxpayers to foot the bill for troubled European economies. He suggests the EU should solve the debt crisis first instead.
- Tit-for-tat: World responds to Trump's tariffs with levies on US goodsThe trade war that captured the world over recent months has deepened with more countries responding to US tariffs, while others are pledging to toughen already introduced retaliatory measures.
- Russia prepares for production of iconic Soviet-era megaplaneUlyanovsk-based plane maker Aviastar-SP has announced a competition to evaluate its capability to resume production of the An-124 ‘Ruslan’ heavy transport aircraft.
- China can hurt America in trade war six ways from Sunday
The threat of a full-scale trade war between the US and China has dominated the news in recent weeks. The countries have exchanged import tariffs on each other's goods, and are threatening further protective steps. - Small Asian nation dumps dollar & yuan for gold amid growing global trade hostilities
China’s neighbor Kyrgyzstan has been piling up gold reserves as a hedge against a possible trade war between Beijing and Washington. - South Korea wants railroad link to Russia through North Korea
Seoul, Moscow and Pyongyang can implement several major trilateral infrastructure and energy projects if stability is reached on the Korean peninsula, according to South Korean President Moon Jae-in. - China cuts US investments by 92% amid escalating trade war
The US market saw a significant plunge in investment from China in the first five months of the year amid a growing trade row between the world's two largest economies. - Russia to retaliate against US steel & aluminum tariffs – economy minister
Moscow will seek to retaliate against Washington’s unilaterally imposed steel and aluminum tariffs against Russia and other producers, said Russian Economic Development Minister Maksim Oreshkin. - Russia dumped US treasuries to keep reserves safe – central bank
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. - 'Belligerent' US trade policy toward China will damage iconic American brands - Jim O'Neill
America’s largest companies will be the biggest losers in a US-China trade brawl, according to former chairman of Goldman Sachs Jim O'Neill.
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