* Biden says Russia has failed to split G7. * Biden condemns 'barbarism' as missiles strike Kyiv. * Gold ban targets 'Putin's war machine' - British PM. * Oil import price cap discussed, German source. By Matthias Williams and Thomas Escritt.
The Group of Seven rich democracies will announce a ban on imports of Russian gold on Tuesday, as part of ongoing efforts to hold Russia accountable for its war in Ukraine and block attempts to evade Western sanctions, a senior U.S. administration official said on Sunday.
The Group of Seven rich democracies will announce a ban on imports of Russian gold on Tuesday, as part of ongoing efforts to hold Russia accountable for its war in Ukraine and block attempts to evade Western sanctions, a senior U.S. administration official said on Sunday.
Britain, the United States, Japan and Canada will ban new imports of Russian gold as part of measures aimed at punishing Moscow for its invasion of Ukraine, the British government said on Sunday. The ban is due to come into force shortly and will apply to newly mined or refined gold.
U.S. President Joe Biden and his G7 counterparts will agree on an import ban on new gold from Russia as they broaden sanctions against Moscow for its war against Ukraine, a source familiar with the matter told Reuters on Saturday. The United States has rallied the world in imposing swift and significant economic costs on Russia to deny President Vladimir Putin the revenue he needs to fund his war.
Copper prices fell to a 16-month
low on Thursday as fast-rising interest rates and weak economic
data fanned fears of a global slowdown that would reduce demand
for metals.
Benchmark copper ...
Major crypto firm Tether said on Wednesday it will launch next month a "stablecoin" pegged to the British pound, a move that comes as London draws up plans to regulate the fast-growing type of digital currency. Stablecoins are cryptocurrencies designed to keep a steady value against traditional currencies or commodities such as gold.
Major crypto firm Tether said on Wednesday it will launch next month a "stablecoin" pegged to the British pound, a move that comes as London draws up plans to regulate the fast-growing type of digital currency. Stablecoins are cryptocurrencies designed to keep a steady value against traditional currencies or commodities such as gold.
Gold rose on Wednesday as renewed fears
of a recession bolstered bullion's allure as a safe haven and
countered pressure from a firmer dollar, while investors awaited
monetary policy cues from ...
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