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According to data compiled by International Monetary Fund (IMF), Ukraine cut gold reserves for a second month to the lowest since August 2005 as Russia bought bullion for an eighth month to take its holdings to the highest in at least two decades...
“He [Jack Ma] knew a lot of us got rich and wanted to tell us not to waste our money,” said Sun Shuihua, who worked at Alibaba for a decade. “He told us to treat our wealth responsibly.” Sun, 36, is already doing it, however...
Chinese authorities have begun the probe targetting the possible manipulation of stock prices on Chinese exchanges even as local shares traded at a three-year high on Monday, The WSJ reported...
On Monday the US dollar was little changed against the other major currencies, moving towards five-year highs as expectations for a U.S. rate hike next year continued to support demand for the greenback. The Russian ruble gained ahead of major month-end tax payments in Russia...
Commerce Minister Gao Hucheng said expanding a currency swap between the two nations and making increased use of yuan for bilateral trade would have the greatest impact in aiding Russia, as Bloomberg reports...
The Russian president, who is speaking at his annual press conference today at 12:00 Russian time, is likely to avoid any dramatic steps such as firing Prime Minister Dmitry Medvedev, according to former and current Kremlin advisers...
This November U.S. consumer prices recorded their biggest fall in nearly six years, as gasoline prices plunged. This, however, will probably do little to change views the Federal Reserve will start raising interest rates in mid-2015, as Reuters considers...
According to Prime Minister of Russia Dmitry Medvedev, the country will rely on market instruments to stabilize the foreign currency market...
Minutes of the Bank of England’s December meeting showed policy makers voted 7-2 to keep interest rates at a record low. This sent the pound sterling down versus the dollar...
The Russian ruble collapse has set off spectacular moves in currency markets and paved the way for a fresh four-year low for the Aussie as the rout in commodity prices proves unrelenting...