International Finance News and Updates – International Business Times, Singapore

All Eyes on Moscow as US Pushes Russia Closer to First Ever Debt Default in More Than 100 Years

Russia has not defaulted on foreign bond payment since 1917.

May 26, 2022

By Jacob J

Biden to Pick Michael Barr as Federal Reserve Vice Chair; President Hopes He Will Get Through First Vote Quickly

The Biden administration to nominate Michael Barr, a former US Treasury Department official, as the Federal Reserve's Vice Chair.

Apr 15, 2022

By Medha Bhagwat

Can Russia Launch Legal Action West After Sovereign Debt Default?

Russia was forced to make an international bond repayment in roubles instead of dollars last week, the first time ever the country defaulted on debt in more than a century.

Apr 11, 2022

By Jacob J

US Banks Were NOT Projected to Take a Hit From Ukraine War; Data Shows Otherwise

The March quarter earnings of major US banks will reveal the impact of the war on the financial industry.

Apr 8, 2022

By Jacob J

Russia Needs Millions of MIR Cards to Keep Financial System Working; China Helps With Microchips

Russia needs critical microchip supplies urgently to roll out the MIR bank cards that will run the domestic payment system without hiccups.

Apr 6, 2022

By Jacob J

US Goes For the Jugular; Treasury Blocks Russia From Making Bond Payments From Dollar Reserves

Russia has a total of 15 international bonds outstanding with a face value of around $40 billion.

Apr 5, 2022

By IBTimes APAC Desk

Rampant Use of Dollar as Financial Weapon Will End US Dominance in Global Finance

The IMF has warned that as more countries use other currencies in global trade, the result will be a further diversification of the reserve assets.

Apr 1, 2022

By Jacob J

Barclays Loses $590 Million in Product Sales Blunder; Will Now Delay Share Buyback

Shares in the bank were down 3% in early trading.

Mar 28, 2022

By Reuters

Russia, Iran in Bid to Bypass Sanctions by Jointly Developing Alternative to SWIFT Payment Network

Both countries are facing severe Western sanctions, making settlements in trade through SWIFT difficult or impossible.

Mar 25, 2022

By IANS

US Issues Stern Warning to China as Russia Eyes Access to Yuan Reserves

Russian Finance Minister Anton Siluanov said that Western countries are putting pressure on China in order to limit Russia's access to its yuan reserves.

Mar 14, 2022

By IANS

The Economic Impact: With Half its Reserves Frozen, China Seeks China's Help

Western countries have imposed unprecedented sanctions on Russia's corporate and financial system.

Mar 13, 2022

By Reuters

Massive Write-offs and Legals Wrangles: Russia Sanctions to Hit Global Banks Hard

Sanctions have effectively ended any realistic chance of global banks selling Russian assets.

Mar 5, 2022

By Reuters

Rouble Plunges 30% to Hit Record Low as Sanctions Scorch Russia

Analysts warn Russia faces Iran and North Korea-style isolation from the global economy if the central bank finds an alternative means of reaching the global financial system.

Feb 28, 2022

By Jacob J

What is SWIFT? Why is Biden Afraid of Expelling Russia From Platform? 10 Points

More than 40 percent of Russia's revenue comes from the oil trade. A quick ban on Swift will be lethal to the Russian economy.

Feb 25, 2022

By Jacob J

US to Cut Banking Ties With Russia's VTB, Sberbank, VEB, and Gazprombank if Moscow Invades Ukraine - Report

The measures will hurt the Russian economy by cutting the "correspondent" banking relationships between targeted Russian banks and U.S. banks.

Feb 21, 2022

By Reuters

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A Democratic vs a Totalitarian State

By IBTimes SG Desk

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International Finance News and Updates – International Business Times, Singapore

All Eyes on Moscow as US Pushes Russia Closer to First Ever Debt Default in More Than 100 Years

Biden to Pick Michael Barr as Federal Reserve Vice Chair; President Hopes He Will Get Through First Vote Quickly

Can Russia Launch Legal Action West After Sovereign Debt Default?

US Banks Were NOT Projected to Take a Hit From Ukraine War; Data Shows Otherwise

Russia Needs Millions of MIR Cards to Keep Financial System Working; China Helps With Microchips

US Goes For the Jugular; Treasury Blocks Russia From Making Bond Payments From Dollar Reserves

Rampant Use of Dollar as Financial Weapon Will End US Dominance in Global Finance

Barclays Loses $590 Million in Product Sales Blunder; Will Now Delay Share Buyback

Russia, Iran in Bid to Bypass Sanctions by Jointly Developing Alternative to SWIFT Payment Network

US Issues Stern Warning to China as Russia Eyes Access to Yuan Reserves

The Economic Impact: With Half its Reserves Frozen, China Seeks China's Help

Massive Write-offs and Legals Wrangles: Russia Sanctions to Hit Global Banks Hard

Rouble Plunges 30% to Hit Record Low as Sanctions Scorch Russia

What is SWIFT? Why is Biden Afraid of Expelling Russia From Platform? 10 Points

US to Cut Banking Ties With Russia's VTB, Sberbank, VEB, and Gazprombank if Moscow Invades Ukraine - Report

A Democratic vs a Totalitarian State

A Democratic vs a Totalitarian State

Charting a Responsible Future: Malaysia's National Action Plan on Business and Human Rights 2025-2030

Charting a Responsible Future: Malaysia's National Action Plan on Business and Human Rights 2025-2030

India@75: Article-370 in J&K is History; Three Glorious Years Later, "Nothing" Has Changed

India@75: Article-370 in J&K is History; Three Glorious Years Later, "Nothing" Has Changed