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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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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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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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Russia's biggest private lender is expanding to China after being hit by US sanctions

The bank, owned by the Russian oligarch Mikhail Fridman, is looking to build new offices in China B…

Jennifer Sor   


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New US sanctions take aim at Iran's 'sprawling' network of shadow banks fueling Russian and Houthi operations

Nearly 50 entities and individuals were sanctioned on Tuesday for funding an illicit network in Ira…

Filip De Mott   


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What the US can do to halt de-dollarization, according to one think tank expert

Although de-dollarization is a distant threat, the US has options to keep the movement from growing…

Filip De Mott   


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Stock market today: US stocks close at record highs after encouraging May inflation and Fed commentary

The S&P 500 closed above 5,400 for the first time as traders took in upbeat inflation data and mess…

Jennifer Sor   


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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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US oil suppliers are getting a boost from Russian sanctions as India looks to buy more from them

India imported an estimated 7.6 million of US barrels in March, a significant increase from the 3 m…

Filip De Mott   


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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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The US and the West are facing the blowback of sanctions against Russia, economist says

The US may have opened a "Pandora's box of unintended consequences" by imposing sanctions on Russia…

Jennifer Sor   


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The US expands sanctions against Russia-friendly institutions as Treasury chief Janet Yellen says the Kremlin is 'desperate' for outside help

The Kremlin is "desperate for access to the outside world," Janet Yellen said, announcing new sanct…

Filip De Mott   


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The US is reportedly rethinking plans to ban Russian diamonds amid industry pushback

Sources told Reuters that US officials had pulled back from working on measures to certify gems are…

Jennifer Sor   


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Former Iranian official partly blames US sanctions for the helicopter crash that killed its president

Iranian President Ebrahim Raisi died in a helicopter crash in northwest Iran on Sunday. He was trav…

Mikhaila Friel   


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The US-China rivalry will reshape the landscape for Big Tech earnings

Geopolitical conflict and a "tit for tat" rivalry between US and China is a risk to future tech-ear…

Yuheng Zhan   


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China ramps up de-dollarization efforts by dumping a record amount of US bonds

China sold a record $53.3 billion worth of US Treasurys and agency bonds last quarter as it acceler…

Filip De Mott   


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Nifty hits record peak in early trade; Bajaj Finance jumps 6%

From the Sensex basket, Bajaj Finance jumped 6 per cent, while Bajaj Finserv climbed nearly 5 p…

PTI   


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Russia adopts Chinese yuan-to-ruble as benchmark exchange rate after US sanctions force a further move away from the dollar

Russia's central bank said on Thursday that the currencies from "friendly countries" and the ruble …

Huileng Tan   


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Russian oil flows are sidestepping sanctions and trading above the G-7 price cap all over the world

Bloomberg reported that Urals grade crude is selling at around $75 a barrel, exceeding the G7 natio…

Yuheng Zhan   


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Stock market today: US stocks fall ahead of Fed decision

The outlook for Fed rate cuts continues to sour, with markets now pricing in just 1-2 cuts by the e…

Jennifer Sor