Russia and China can shatter dollar dominance – diplomat

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EU’s Nord Stream expectations revealed

Gas flow to Germany may not resume this week after maintenance, according to a top European Commission official The European Union doesn’t expect Russia’s Nord Stream pipeline to resume pumping gas to Germany when scheduled maintenance ends this week, the Wall Street Journal reported on Tuesday, citing a top European Commission official.

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Default would be ‘catastrophe’ for US – Treasury

Fiscal failure would lead to major questions about Washington’s “global economic leadership,” Janet Yellen has warned A default by the US on its sovereign debt would be disastrous for the economy and would undermine the country’s ability to provide international leadership, Treasury Secretary Janet Yellen has warned.

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