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1 min read

Russian banks are grappling with liquidity issues as US sanctions choke supply of yuan

Yuan availiability is shriveling up in Russia as US sanctions have pushed Chinese lenders away from…

Filip De Mott   


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2 mins read

Russia is turning to crypto as sanctions snarl payments, report says

Russia could start cryptocurrency exchange trails as soon as next month, in order to solve payment …

Filip De Mott   


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3 mins read

TSMC chips reportedly ended up at Huawei. It raises concerns about 'shadow networks' bypassing US sanctions.

TSMC and other chipmakers are barred from doing business with Huawei without exemptions from the US…

Huileng Tan,Beatrice Nolan   


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1 min read

China's yuan is tumbling amid US sanctions and as central banks boost dollar holdings

China's yuan fell to its lowest value against the ruble in a year as holders eye the impact of sanc…

Jennifer Sor   


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3 mins read

Stock market today: US stocks close at all-time highs ahead of key inflation update

The Dow and the S&P 500 closed at a record high. Markets are waiting for September inflation data, …

Jennifer Sor   


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Russia shuts down dollar and euro trading after sweeping US sanctions take aim at Moscow's financial lifelines

Russians were lining up at one lender that was still offering dollars after trade was restricted fo…

Filip De Mott   


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4 mins read

Beware of 'seismic shocks' to the US economy and inflation if this specific election outcome occurs, according to a top mind at Bloomberg Economics

Trying to trade around the election can backfire, but there may be an exception. A chief economist …

James Faris   


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Russian oil exports drop to lowest in 7 months amid OPEC cuts and sanctions

Russian oil exports are down as the country moves to comply with OPEC production cuts and sanctions…

Kelly Cloonan   


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2 mins read

China's yuan will take over as Russia's main trade currency 'once and for all' as US sanctions get tighter, think tank says

Ruble volatility will get worse in Russia amid fresh US sanctions, but this offers a way for the Ch…

Filip De Mott   


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2 mins read

Russian FX trading is almost entirely in yuan as sanctions restrict dollar use

The Chinese yuan takeover comes after sanctions halted trading in the dollar and euro.

Filip De Mott   


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2 mins read

Stock market today: US stocks end mixed but finish the week near record highs after the Fed's first rate cut in 4 years

The Dow closed at a record high on Friday. Investors see more gains ahead as the Fed kicks off a ne…

Matthew Fox   


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2 mins read

'America first means commodities second': Oil and gas prices will tank under a Trump presidency, BofA strategist says

Trump's proposed tariffs will lead to a trade war, dampening energy demand and prices in the proces…

Kelly Cloonan   


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2 mins read

The US has announced new sanctions targeting Russia's war machine — and says more are coming

The US Treasury and State Department issued 400 sanctions on individuals and entities still support…

Filip De Mott   


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Stock market today: US stocks rise on solid earnings and in-line inflation reading

Fitch Ratings said the PCE data was a "double dose of good news" for investors as inflation data fi…

Matthew Fox   


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2 mins read

Russia could merge state-run oil companies to make the world's 2nd largest producer, report says

A deal to combine three of Russia's biggest oil firms would create the biggest producer in the worl…

Kelly Cloonan   


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1 min read

India is buying the most US oil in almost a year as sanctions on Russian energy bite

Indian refiners see more WTI Midland crude oil being used in the country in coming months, sources …

Yuheng Zhan   


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2 mins read

Stock market today: US stocks end higher to hit a 4-month winning streak as soft landing hopes rise

Looking ahead, investors will be eagerly awaiting the August jobs report, due out next Friday. Expe…

Matthew Fox   


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1 min read

US sanctions push a key Turkish oil terminal to halt Russian imports

The Dortyol terminal, operated by Global Terminal Services, decided to "cut all possible connection…

Aruni Soni   


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2 mins read

Stocks tied to Russia rally as Trump's win fuels hopes for an end to the Ukraine war

Ukraine bonds have also rallied this week as investors grow hopeful that president-elect Donald Tru…

Kelly Cloonan   


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2 mins read

As Trump threatens tariffs on China, the Chinese market pins its hopes on a massive stimulus announcement

Trump, a China hawk, has floated tariffs of more than 60% on Chinese goods.

Huileng Tan