Tag Archives: ditching

Russia ditching US Treasuries for gold in bid to protect economy & diversify – analysts to RT

Russia has left the top-30 list of top lenders to the United States by radically slashing US Treasury bills ownership. RT-polled analysts have shared their opinion on the move. “Both political and economic reasons could be found here. The Central Bank may have thought that Russia-owned Treasuries could be frozen because of geopolitical tensions. The regulator announced in spring that ...

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Church of England ditching energy stocks ‘to safeguard God's creation’

The Church of England will divest its $ 16 billion investment portfolio from companies that are not meeting the requirements specified in the Paris climate agreement. Read more The church said its responding to climate change and the decision “is an essential part of our responsibility to safeguard God’s creation.” The General Synod, the church’s parliament, voted 347 to four ...

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UK officials show contempt for what voters love by ditching World Cup in Russia – John Pilger

Award-winning journalist and filmmaker John Pilger has blasted British politicians for refusing to attend World Cup matches in Russia, as the national team makes a historic run in the tournament. “Not a single UK official was in the stadium to see England’s magnificent win v Sweden,” Pilger, whose documentary work earned him many prestigious awards, including multiple BAFTA honors, tweeted ...

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Major Chinese banks ditching US dollar to prop up domestic currency

China’s state-owned banks have reportedly been buying US dollars in forwards on behalf of the central bank (PBOC) and immediately selling them into the spot market to support the yuan. PBOC deputy governor and head of the foreign exchange regulator Pan Gongsheng said China was confident it could keep the yuan basically stable and at a “reasonable” level. “It feels ...

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Russia & India ditching US dollar in defense deals

Moscow and Delhi are seeking to bypass US sanctions by using the rupee and the ruble in facilitating military deals, according to Indian daily, the Economic Times. The paper reports that US sanctions are hampering $ 2 billion in defense deals between Russia and India, as payments are getting stuck. The countries are seeking to avoid this by switching to ...

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Russian corporations ditching London for Moscow amid expanding sanctions

After the London Stock Exchange (LSE) suspended share trading of sanctioned energy conglomerate EN+Group, other Russian firms are thinking of scrapping their stock listings in the UK in favor of the Moscow Stock Exchange (MOEX). Cherkizovo Group, one of Russia’s major producers and processors of poultry and pork, is considering a move to MOEX after the firm delisted from London ...

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Russia & Belarus ditching dollar trade in favor of national currencies

The Belarusian Prime Minister, Andrey Kobyakov, has called for a complete shift away from the US dollar towards national currencies in Russia-Belarus trade and price-setting. “That would be great if the entire trade turnover, as well as price-formation were set in national currencies,” Kobyakov said during the session of the Council of Ministers of the Union State of Russia and ...

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Dating app Hinge is ditching the Facebook login requirement

Hinge, the dating app that promised a better set of prospects by suggesting matches who share Facebook friends, is about to radically change its course: it’s ditching its requirement that users log in with Facebook. The change will go into effect on Monday, June 5th on Android, followed by a June 12th release on iOS. While the option to use ...

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Too late for Bulgaria to ask Russia for gas pipeline after ditching South Stream – Russian senator

Bulgaria missed its chance to have a gas pipeline from Russia after backing out of the South Stream project four years ago, Russian Senator Aleksey Pushkov wrote on Twitter. During his visit to Moscow on Monday, Bulgarian President Rumen Radev proposed building a direct pipeline from Russia to Bulgaria. Read more “Bulgaria ditching the South Stream was a gross error, ...

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After what happened to Libya, should North Korea think twice about ditching nukes?

The US says North Korean denuclearization should proceed along the Libyan scenario. RT’s Murad Gazdiev remembers how Muammar Gaddafi was killed by US-backed rebels a few years after ditching nukes, and asks – is that a good idea? There was a time when tales of Gaddafi’s death had Kim Jong-un keeping his both hands on the nuclear button, which, by ...

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