World Gold Council: Against the background of international instability gold demand increases by 42%

World Gold Council: Against the background of international instability gold demand increases by 42%

London: The Gold demand has increased against the backdrop of the trade war declared by US President Donald Trump against China, sanctions imposed on various countries in view of the Iran nuclear deal and the uncertainty created because of this. The World Gold Council which keeps track of the Gold transactions and trade at the […]

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Trade war escalates as Trump announces 10% tax on Chinese imports of $ 200 billion, China warns of retaliation

Trade war escalates as Trump announces 10% tax on Chinese imports of $ 200 billion, China warns of retaliation

Washington/Beijing: As China has still not acceded to the United States’ urge for fair and reciprocal treatment in trade, US President Donald Trump announced imposition of 10% tax on Chinese imports worth $ 200 billion. At the same time, President Trump has warned that if China retaliated against this tax, another $ 267 billion worth […]

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Huge decline in stock markets globally; in view of Trump’s threat of import taxes against China

Huge decline in stock markets globally; in view of Trump’s threat of import taxes against China

London/Shanghai: Last week, US President, Donald Trump threatened to tax Chinese imports worth $200 billion. Severe repercussions of this threat are being felt in the international economy and a major decline was seen in the European and Asian stock markets including China. The Chinese stock market was hit the most and the index crashed to […]

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China will lose 5.5 million jobs due to the trade war with the US, claim economists

China will lose 5.5 million jobs due to the trade war with the US, claim economists

Washington/Beijing: China will lose out about 5.5 million jobs due to the trade war initiated by US President, Donald Trump, 5.5 million Chinese jobs will be lost, was the sensational claim made by the economists at JP Morgan Chase. Since the last two months, reports of partial collapses in the Chinese economy were being received […]

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China to take over Zambian Airport and its electricity company, after defaulting on loan repayment

China to take over Zambian Airport and its electricity company, after defaulting on loan repayment

Beijing: Zambia is on the verge of becoming the first victim to the Chinese ambition of acquiring the property, infrastructure and natural resources by tightening the noose of huge debts. The Chinese decisions to acquire the Gwadar port in Pakistan and Hambantota port in Sri Lanka against huge loans came under severe criticism from the […]

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Turkish President appeals to stop use of the US Dollar for trade and investment

Turkish President appeals to stop use of the US Dollar  for trade and investment

Bishkek: ‘The United States is acting like a wild wolf. We cannot trust it,’ said Turkish President, Recep Erdogan, while appealing to discontinue the use of the US dollar for trade and investment. Turkey will not use the US dollar while dealing with other countries and it has already proposed the same to other countries, […]

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PM Narendra Modi inaugurates India Post Payment Bank; postman to deliver doorstep banking services

PM Narendra Modi inaugurates India Post Payment Bank; postman to deliver doorstep banking services

New Delhi: “We have heard song ‘Dakiya dak laya’. From now, along with dakiya dak laaya, dakiya bank bhi laaya. Many thought technology had threatened the existence of the postal department and that postmen would lose their livelihood. The growing pace of technology in communication threw a challenge. We used technology as a base to […]

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Argentina demands financial aid of $50 billion from the IMF

Argentina demands financial aid of $50 billion from the IMF

Buenos Aires: While the economies of the Latin American countries like Venezuela and Brazil are receiving shocks, dark clouds seem to be hovering over the Argentinian economy too. The Argentinian currency, Peso declined by about 7% on Wednesday and the warnings of this decline in the growth rate by 1% are being issued. Against this […]

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Europe working on payment system alternative to US dominated SWIFT & IMF, claims German FM Heiko Maas

Europe working on payment system alternative to US dominated SWIFT & IMF, claims German FM Heiko Maas

Berlin: The internationally accepted secure and reliable systems SWIFT and International Monetary Fund (IMF) are both dominated by the United States. To end this United States domination of the financial systems, European countries are trying to develop alternative systems for SWIFT and Monetary Fund, claimed German Finance Minister Heiko Maas. Even last week, while speaking […]

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