Russian Finance Minister Anton Siluanov said that Russian companies have started using bitcoin and other cryptocurrencies in international settlements. This was made possible by changes in legislation aimed at circumventing Western sanctions.Economic restrictions have made it difficult to trade with key partners such as China and Turkey, as local banks avoid transactions with Russia for fear of sanctions. In response, Russia allowed the use of cryptocurrencies in international trade and took ste... Read More
The Bank of Thailand (BOT) maintain its key interest rate as it presents a 13th-time record low,... Read More
Oil prices climbed higher driven by depreciation of dollar despite the subdued market in Asian... Read More
US stocks dropped in value after the Dow Jones Industrial Average index was unable to make... Read More
The economy of Japan is gaining momentum to recovery since 2015 as data from the Bank of Japan... Read More
The Japanese yen dropped in leveraged funds selling after the Bank of Japan announced that it will... Read More
On Monday, the Federal Reserve Chair Janet Yellen spoke to the graduates of the University of... Read More
The Italian government waiting for parliamentary approval to borrow as much as 20 billion Euro... Read More
The highly-regarded business climate index of the Germany published its data which showed an upbeat... Read More
Oil prices ended up at nearly $52 barrels per day after investors shifted their focus to the... Read More
The Malaysian Ringgit has reached its lowest in the midst of strong dollar and weakened economy... Read More
The U.S housing market dropped in November, however, its level is still in a stable condition which... Read More
The depreciation of yen is beneficial for companies as it attracts more investments giving higher... Read More
The unemployment rate in UK had marginally declined to 1.62 million from August until October, as... Read More
The USD surged to its highest levels in almost two weeks after the FOMC finally decided to... Read More
The USD had a somewhat muted trading session since traders are now closely monitoring Federal... Read More
The tension in British households has lessen since May 2015, as most focus on increase in inflation... Read More
The economic sentiment for Germany remained constant for this month as it was supported by a... Read More
Crude oil prices rose to its highest levels in over 17 months following Saudi Arabia’s pledge to c... Read More
Simon William English or also known as Bill English is the new New Zealand Prime Minister as... Read More
The annual inflation rate in November reduced to its lowest level since latter 2014. The reports... Read More
The Republic of Venezuela made its announcement regarding the official replacement of the country’s ... Read More
European stocks extended its longest rallying streak during Friday’s trading session, with EU s... Read More
The market was left in a state of general confusion after the European Central Bank publicized its... Read More
The sterling pound hit a two-month high after the UK Supreme Court recently concluded its second... Read More
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