Chart of the Day: Half of US Banks Are Underwater
The twin crashes in US commercial real estate, and the US bond market have collided with $9 trillion in uninsured deposits in the American banking system. Such deposits can vanish…
Iran launches Russian ruble trade
Iran’s official forex exchange launched trading in the Russian ruble/Iranian rial currency pair on Tuesday, IRNA news agency said
Germany reacts to Gazprom’s force majeure gas cutoff claim
Germany’s energy giant Uniper has formally rejected Gazprom’s EU gas-supply ‘force majeure’ claim, CNBC reported Tuesday
China dumping American debt – US Treasury data
China’s US debt holdings dropped below $1 trillion in May for the first time in 12 years, US Treasury data released Monday shows
Russia sends record volumes of gas to China
Russian natural gas deliveries to China via a Siberian pipeline smashed an all-time daily record on Sunday, energy giant Gazprom said