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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 more “The leaders of the two countries should think over improving relations, especially in financial cooperation. […]

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

Published time: 25 Apr, 2018 10:46 Edited time: 25 Apr, 2018 11:05 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. Could AI have saved Greece from crisis? Will robots take into […]

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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). The decline in the value of the ruble, as well as recent purchases of hard currency by the Central Bank of […]

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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. The announcement was made by Deputy Chairman of Gazprom Management Committee Vitaly Markelov, who said: “By 2019, we plan to eliminate technical gaps […]

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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. According to analysts’ estimates, Russia exported 1.6 million tons of grains, including 1.2 million tons of wheat, as of April 18. […]

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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 more The reason for the sell-off of AMS shares is lower iPhone X volumes, Baader Helvea AG analyst Guenther Hollfelder said in a note, Bloomberg reports. The AMS second-quarter sales […]

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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. “We have a very good chance of making a deal,” Trump said ahead of a press conference with French President Emmanuel Macron on Tuesday. He added the US is now in trade talks with the […]

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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. The reason for the rise of bitcoin cash is reportedly that one of the largest mining groups, Antpool, has been “burning” the bitcoin cash coins it created […]

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