LATEST NEWS : Nuclear War: Russia Shocks US With Tactical Weapons, Pentagon Retaliates

Russia is in possession of strategic nuclear weapons far more advance than the United States, and it will continue to lead the game with its new generation of missiles, according to a comprehensive report from the Russian political newspaper, PRAVDA. Indeed, if World War 3 erupts, Russian Vladimir Putin will win hands down, the report […]

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LATEST NEWS : Ukraine and Russia take center stage as leaders gather for G20

A showdown between Western leaders and Russian President Vladimir Putin is likely at the G20 summit in Australia starting on Saturday, following fresh reports of Russian troops pouring into eastern Ukraine. Ukraine has accused Russia of sending soldiers and weapons to help separatist rebels in eastern Ukraine launch a new offensive in a conflict that […]

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LATEST NEWS : There It Goes Again — Russian Ruble Falls To New Record Lows

The Russian central bank has been forced to intervene once more in currency markets by using foreign exchange reserves to purchase rubles as the currency continued its slide. The ruble has fallen about 20% since January. Elvira Nabiullina, head of the bank, acknowledged earlier this month that if markets turned against the ruble it would not “be […]

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LATEST NEWS : World waits for white smoke from U.S. Fed

The U.S. Federal Reserve may give clearer hints on when it will hike the cost of borrowing in the United States in the coming week, as struggling Europe braces for a tight vote in Scotland on whether to leave the United Kingdom. continue reading at reuters.com

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LATEST NEWS : Russia, China agree to settle more trade in yuan and rouble

Russia and China pledged on Tuesday to settle more bilateral trade in rouble and yuan and to enhance cooperation between banks, Russia’s First Deputy Prime Minister Igor Shuvalov said, as Moscow seeks to cushion the effects of Western economic sanctions. Shuvalov told reporters in Beijing that he had agreed an economic cooperation pact with China’s […]

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LATEST NEWS : PRECIOUS-Gold up for third day on softer dollar, geopolitical tension

SINGAPORE, Aug 28 (Reuters) – Gold rose for the third straight day on Thursday as the euro regained strength against the U.S. dollar and tensions between Ukraine and Russia burnished the metal’s safe haven appeal. FUNDAMENTALS * Gold added $1.46 an ounce to $1,283.91 by 0026 GMT, moving away from a two-month low of $1,273.06 […]

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LATEST NEWS : NATO accuses Russia of escalating Ukraine conflict

NATO spokeswoman Oana Lungescu said the alliance was checking eyewitness reports that a column of at least 23 Russian military vehicles had crossed into Ukraine overnight. A Reuters reporter at the scene saw a dozen armoured personnel carriers (APCs) on the move not far from a Russian convoy carrying humanitarian aid for Ukraine. continue reading […]

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LATEST NEWS : MegaFon Shifts Cash to Hong Kong Dollars on Sanction Risk

OAO MegaFon (MFON), billionaire Alisher Usmanov’s wireless operator, said it has been shifting cash holdings into Hong Kong dollars, a move people say metals producer OAO GMKNorilsk Nickel (GMKN) is also undertaking, as the U.S. and Europe ratchet up sanctions against Russia. MegaFon decided to keep about 40 percent of its cash in Hong Kong dollars given the global […]

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LATEST NEWS : Russia may restrict trans-Siberian flights for EU airlines: newspaper

– Russia may restrict or ban European airlines from flying over Siberia on busy Asian routes, a newspaper reported on Tuesday, following Western sanctions which have grounded one Russian carrier and a billionaire’s private jet. continue reading at reuters.com

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LATEST NEWS : EU reaches preliminary deal on Russia economic sanctions

European Union ambassadors reached a preliminary agreement on Friday to push ahead with hard-hitting economic sanctions against Russia over the Ukraine crisis but details remained to be worked out, diplomats said. The 28-nation EU has toughened its stance towards Moscow since last week’s downing of a Malaysian airliner in an area of eastern Ukraine held by Russian-backed […]

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