Depository of News

Russian aluminum magnate Deripaska won’t give up on RUSAL despite US ultimatum – report

Sanctioned Russian billionaire Oleg Deripaska won’t sell his stake in Russia’s largest aluminum producer RUSAL, Bloomberg reports. The US Treasury hinted it would scrap sanctions if he quits the firm. Read Full Article at

German companies end up losers in US sanctions game with Russia

German firms working in Russia face huge financial losses from the latest round of US sanctions against Russia, the German-Russian Chamber of Commerce has warned. Read Full Article at

Bitcoin dwarfs fiat currencies & big bankers – RT’s Keiser Report goes crazy for cryptos

Bankers like JPMorgan CEO Jamie Dimon are being forced to re-think their skepticism about bitcoin as it reshapes the world of finance. Max Keiser and Stacy Herbert call him on it. Read Full Article at

Kiev threatens Russia with ‘full-scale conflict’ if gas transit to Europe through Ukraine stops

Kiev has warned Moscow of ‘geopolitical consequences’ if Gazprom ceases gas transits through the territory of Ukraine. Read Full Article at

Ukraine threatens Russia with ‘full-scale conflict’ if gas transit stops

Kiev has warned Moscow of ‘geopolitical consequences’ if Gazprom ceases gas transits through the territory of Ukraine. Read Full Article at

Russian SSJ-100 airliners to dominate Iranian skies as Moscow strikes new aviation deal

Memorandums on the delivery of 40 Sukhoi Superjet-100 (SSJ-100) passenger planes to Iran have been signed by Moscow and Tehran at the Eurasia Airshow, Sukhoi Civil Aircraft President Aleksandr Rubtsov has said. Read Full Article at

UK plans to expose 'filthy money' allegedly sheltered by Russians in British offshores

The British parliament is set to approve legislation forcing the country’s offshore territories, such as the Virgin and the Cayman Islands, to disclose the identities of those benefiting from assets kept in their jurisdictions. Read Full Article at

China urges ditching dollar & euro trade with Russia in favor of national currencies

There is no need for Russian and Chinese businesses to pay each other in dollars and euros, when they can settle in rubles and yuan, according to Zhou Liqun, chairman of the Union of Chinese Entrepreneurs in Russia. Read Full Article at

One of the world's longest gas pipelines from Russia to China almost complete

The construction of the 3,000km Power of Siberia gas pipeline or the eastern route, which is aimed to deliver Russian gas to China, will be completed by the end of the year. Read Full Article at

Will robots replace humans in investing? RT's Boom Bust investigates

Artificial intelligence (AI) could soon replace brokers and investors in picking the best stocks to buy or sell. RT show Boom Bust talks to an expert on the matter and questions more. Read Full Article at

Russia makes billions after US sanctions turn ruble to rubble

The latest US sanctions, which sent the Russian currency to its steepest drop in the past three years, surprisingly helped to boost the country’s budget with an extra 232 billion rubles ($3.8 billion). Read Full Article at

Demand for Russian wheat drives export prices to three-year high

Average prices for wheat produced by Russian farmers have increased to $215 per ton, according to Moscow-based agricultural markets research firm SovEcon. The figure marks the highest level since the 2014-2015 agricultural season. Read Full Article at

Russia ready to build another pipeline & provide Europe with as much gas as it needs

Gazprom, Russia’s leading natural gas producer, says it's ready to supply as much blue fuel as Europe wants. The company is ready to build the Nord Stream 3 pipeline, if necessary. Read Full Article at

Problems piling up for Apple as demand for iPhone X declines

Shares in Austrian-based producer AMS, whose sensor technology helps power Apple's iPhone X facial-recognition feature, plunged 14 percent as analysts warn about weakening demand. Read Full Article at

US-China trade spat: Trump says 'good chance' of deal

China and the United States have a good chance of ending their ongoing trade spat, US President Donald Trump believes. Read Full Article at

Bitcoin offshoot accused of price pumping as crypto market heats up

The cryptocurrency market is hot again after more than three months of losses. The rally leader is bitcoin cash, which has more than doubled in price in April. Read Full Article at

Love is in the air: Russian carrier offers passengers in-flight matchmaker service

Ever wish you could choose your seatmate during a long flight? Russia's UTair Airlines will allow its passengers to pick who they sit beside. Read Full Article at

Iran joins Russia-led free-trade zone

Russian Prime Minister Dmitry Medvedev has approved a draft interim agreement establishing free-trade zone between the Russia-led Eurasian Economic Union (EEU) and Iran. Read Full Article at

Gold rise, dollar fall & cryptocurrencies shaking up financial system – watch RT’s Keiser Report

Max Keiser and Stacy Herbert of RT’s Keiser Report discuss a possible rally in gold prices, accompanied by a weaker US dollar. Read Full Article at

Stop using student loans to buy bitcoin, wealth manager warns millennials

American financial author and wealth manager David Bach has urged millennials to stop investing money borrowed for education expenses into cryptocurrencies, warning 90 percent of the currencies will be worth nothing in five years. Read Full Article at

Houthis hold 19 oil tankers hostage off Yemeni coast – Saudi media

The Yemeni Houthis have captured 19 oil tankers and are keeping them from entering the Hodeidah port, according to reports from Saudi media quoting the Kingdom’s ambassador in Yemen. Read Full Article at

Putin to boost health, education & infrastructure spending by $162 billion during this term – report

Russia may see a hike in health care, education and infrastructure spending by around $162 billion in the next six years, with cuts in its defense spending, according to a report on Vladimir Putin's plan for his term in office. Read Full Article at

Terror attack shuts down Libyan oil pipeline

The pipeline feeding crude from the Waha oil field into Libya’s Es Sider export terminal has been shut down for repairs after a fire broke out during the weekend. Read Full Article at

US hints at relieving pressure on Russia's RUSAL if owner sells firm

Russia's biggest aluminum producer and key global supplier RUSAL will be relieved from US sanctions if its owner Oleg Deripaska relinquishes control over the firm, according to the US Treasury. Read Full Article at

Why American LNG is no substitute for Russian gas in Europe

Washington's plan to oust Russian natural gas from the European market and substitute it with its own liquefied natural gas (LNG) shipments is not economically feasible, analysts told RT. Read Full Article at

Crude mood: Hedge funds bullish on oil as analysts expect black gold to surge to $80

Commodity funds are currently attracting investments at the fastest pace in more than a year as geopolitical concerns are boosting oil prices to the highest levels since 2014. Read Full Article at

South Africa may enforce law on black ownership of mines

South Africa’s Department of Mineral Resources has filed an application reportedly seeking to make the country’s laws on black ownership of mines stricter, by making black-owned stakes permanent. Read Full Article at

Huge stock market collapse is coming – investment guru Mark Mobius

Following Jim Roger’s latest prediction of the “biggest crash in our lifetimes,” famed 81-year-old investor Mark Mobius says the US stock market is set for a huge correction that would be trouble for everyone. Read Full Article at

Iran dumps dollar for euro in foreign trade transactions

As part of its years-long effort to reduce reliance on US currency amid a deepening standoff with Washington, Tehran has announced it will start reporting foreign currency amounts in euros rather than dollars. Read Full Article at

Yuan becoming safe haven for investors amid Russia-US standoff

Chinese assets have recently seen a significant inflow of investments after relations between Russia and the US took a turn for the worse, making investors search for a safe place for their cash. Read Full Article at

iPhone X is dead as consumers turn their backs on pricey smartphones – analyst

Apple is likely to stop producing iPhone X smartphones, according to Mirabaud analyst Neil Campling. The oversupply of chips and high prices are the reason, he says. Read Full Article at

Single parking spot in Hong Kong shatters property price record

Hong Kong, a city with some of the costliest real estate in the world, set a new record earlier this week with a single parking space in the Kowloon district. Read Full Article at

Space mining will produce world’s first trillionaire

The next trillion-dollar industry will be in the mining sector, and the world’s first trillionaire will make his/her fortune by mining in outer space, Goldman Sachs claims. Read Full Article at

Terrorists attack Libyan oil pipeline, crippling daily crude output by up to 100k barrels

A Libya crude oil pipeline, belonging to the al-Waha oil company and running to Sidra port, was attacked and set on fire by an unknown “terrorist group,” causing the loss of up to 100,000 barrels per day, state company NOC said. Read Full Article at

China no longer wants the world’s trash

China, the world’s largest importer of waste, has extended the ban on imports of unsorted paper, some plastics, and dozens of other types of recyclable materials. Read Full Article at

WikiLeaks calls for Coinbase boycott after ban from cryptocurrency exchange

WikiLeaks is calling for a global blockade of one of the world’s largest exchanges for crypto-trading, Coinbase, after the company banned the WikiLeaks Shop from its platform “without explanation.” Read Full Article at

Russia entrusts its gold to no one, has zero bullion in US

The Central Bank of Russia keeps all its bullion at home, since only in Russia can its gold be completely safe, according to Anatoly Aksakov, the chairman of the State Duma Committee on Financial Markets. Read Full Article at

Protectionist policies also hurt countries that impose them – Russia’s Finance Minister

Protectionist policies and sanctions hurt not only the countries they target, but the global market as a whole, ultimately hampering the economic growth of the states that implement them, Finance Minister Anton Siluanov has said. Read Full Article at

Oops! I did it again… Another Deutsche Bank ‘fat finger’ mistake sends $35 billion out the door

Germany’s biggest bank said an “operational error” led to the accidental collateral payment of €28 billion ($35 billion) to an exchange it does business with. The incident occurred in late March, sources told CNN Money. Read Full Article at

Protectionist policies also hurt the countries that impose them – Russia’s Finance Minister to RT

Protectionist policies and sanctions hurt not only the countries they target, but the global market as a whole, ultimately hampering the economic growth of the states that implement them, Finance Minister Anton Siluanov has said. Read Full Article at
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