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Huawei is selling off its budget smartphone brand Honor after getting hammered by US sanctions

Honor is being sold to a consortium of more than 30 organizations, and Huawei will hold no shares i…

Reuters   


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India may bear the brunt of US sanctions against Iran

According to experts, while the European nations might still be convinced, the situation looks s…

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Russia is still sliding towards a bond default in the coming weeks. It's up to the US Treasury whether it actually happens.

The Russian government narrowly avoided defaulting on its bonds this week, but its difficulties are…

Harry Robertson   


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The US justice official in charge of seizing Russian assets breaks down the capture of an oligarch's $90 million superyacht

The US was "in some ways lucky" the vessel was moored in Spain, the director of the inter-agency Kl…

Grace Dean   


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India among the eight countries allowed to continue buying oil from Iran even after the US reimposes sanctions — But there’s a catch

And while that may be true, it’s only temporary. So, essentially, it should be treated as an ext…

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US and China trade war may escalate after the latest WTO ruling

The global trade watchdog is calling on the US to fix a mistake that was pointed out back in 201…

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Russia is sanctioning 398 members of Congress to 'mirror' US sanctions on the State Duma, including lawmakers who criticized Ukraine

Russia's Foreign Ministry said the list was created on the "basis of reciprocity," referring to whe…

Matthew Loh   


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A 'nightmare' Russian debt default is now very likely after the US blocked payments, BlueBay strategist says

Timothy Ash said US bondholders would likely be hurt by the Treasury's move, but said it's "their o…

Harry Robertson   


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The US government is okay with India’s purchase of Russian weapons for now, but not for much longer

The Indian government will likely welcome the news of the waiver since its about to sign a large…

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Oil prices spike ahead of US sanctions on Iran

Meanwhile, an unexpected drop in Saudi production last month also bolstered prices. Output in Saudi…

Gina Heeb   


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Russia is stockpiling gold as fresh US sanctions loom

As Russia buys gold, it continues to sell US Treasuries. The shift in strategy is believed to be in…

Will Martin   


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6 mins read

Why the US is sanctioning Venezuela

Beatrice Christofaro: So when oil prices plunged, suddenly the government didn't have money to pay …

Steve Cameron,Beatrice Christ…   


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Russia is building a new bond-payment system to get around US sanctions, as it tries to avoid a historic default

The new system will let Russia bypass the Western financial system entirely, Finance Minister Anton…

Harry Robertson   


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Yuan-ruble trading surges more than 1,000% as China and Russia draw closer together amid US tensions

The jump in yuan-ruble trading is one of a number of signs of China and Russia strengthening their …

Harry Robertson   


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Hong Kong's leader is being paid in cash due to US sanctions. Carrie Lam earns $56,000 a month and says money is now piling up at her house.

Chief Executive, Carrie Lam, currently cannot use her bank account. Earning $672,000 per year, she'…

Naina Bhardwaj   


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The Russian ruble is tumbling as US sanctions bite

The US Treasury Department announced Friday additional sanctions against nearly a dozen and a half …

Gina Heeb   


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India no more obliged to enforce US sanctions against Iran

"Countries like Japan and India that have paid an economic price to implement these sanctions w…

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Russia's biggest oil company has slashed its production levels as sanctions bite, report says

Russian oil output has dropped since February, with state-owned Rosneft taking the brunt of the hit…

Harry Robertson   


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US hits Venezuelan president with sanctions

"Yesterday's illegitimate elections confirm that Maduro is a dictator who disregards the will of th…

Christopher Woody   


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US sanctions 24 Hong Kong and Chinese officials ahead of a high-level meeting with Chinese diplomats

The US sanctioned the officials over Beijing's ongoing crackdown on Hong Kong's democratic processe…

Cheryl Teh