Saudi National Bank was denied taking 40% stake in Credit Suisse
Saudi National Bank wanted to increase its stake in Credit Suisse to around 40% from 9.88%, but was prevented from doing so by Swiss regulator FINMA, Blick newspaper reported on…
Countries repatriate gold after sanctions against Russia
A growing number of countries are repatriating gold reserves as protection against sanctions like those imposed by the West on Russia, Reuters reported, citing an Invesco survey of central bank…
China de-dollarizing reserves, gold stockpile climbs for 8th straight month
Amid growing economic and geopolitical instability, China is stepping up the de-dollarization of its reserves, with the central bank continuing to buy gold for the eighth consecutive month. The People’s…
Who buys Russian fossil fuels in 2023
While Russia’s fossil fuels export revenues have declined since peaking in March 2022, many countries around the world have not stopped importing them from Russia, according to a chart from…
Saudi Arabia hikes oil prices for Asia for second straight month
Top oil exporter Saudi Arabia has raised the prices for most its crude oil to Asian customers in August for a second month after announcing an extension of an extra…
Dutch government resigns
Dutch Prime Minister Mark Rutte will disband his cabinet after the four parties in the government coalition disagreed on asylum seeker policy, the Dutch news agency ANP reported. Rutte’s fourth…