VIDEO: EU Signs Crucial Fiscal Treaty

[anyplayer:url=http://rt.com/files/business/news/eu-summit-fiscal-treaty-573/icb5a4aeff65ec44f05d5fd197ce4e276_business-arcillia.flv] Hot on the heels of the ECB’s half-trillion-euro handout to 800 banks, 25 EU member states have signed a fiscal treaty committing them to balance their budgets. The move has stoked public anger, with…

BRICS prepares world banking revolution

BRICS member-states are preparing a world banking revolution. They are planning to nominate an alternative candidate for the post of the Chairman of the World Bank for the first time in history. BRICS also demands…

China faces fallout as US tackles debt crisis

China should press ahead in diversifying its foreign exchange reserves to reduce the impact of the turbulence hitting the US economy, but the immediate effect of any default or downgrading in Washington would be unavoidable,…