Russia sells more than 50% of its US bonds in an attempt to devalue the US dollar

Russia sells more than 50% of its US bonds in an attempt to devalue the US dollar

Moscow/Washington: Information has surfaced that Russia has sold US bonds worth about $47 billion in the month of April. This information has been received from the statistics published by the US department of treasury. Considering the consistent sanctions being imposed by the United States on the Russian economy, this sale of US bonds by Russia […]

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East and southern African countries debate accepting Chinese Yuan as reserve currency at the conference in Zimbabwe

East and southern African countries debate accepting Chinese Yuan as reserve currency at the conference in Zimbabwe

Harare: Influence and scope of the Chinese Yuan which was accepted as a global ‘Reserve Currency’ by the International Monetary Fund two years ago, is on the rise. In an economic conference held in Africa on Monday, there were comprehensive discussions about officially accepting Yuan as a Reserve Currency. A few African countries including Angola, […]

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More than 70 nations unite against terror financing in Paris

More than 70 nations unite against terror financing in Paris

Paris: 70 countries have united against the funding that terrorist organisations like IS and Al-Qaeda receives. In a meeting held in Paris, last week, French President Emmanuel Macron had warned that many countries in the world are supporting terror-linked activites directly or indirectly through the organisations associated with terrorism and it is necessary to take […]

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Abandoning Dollar and Euro, Russia and China should start using local currency, demand Chinese Industrialists

Abandoning Dollar and Euro, Russia and China should start using local currency, demand Chinese Industrialists

Shanghai: “The sanctions imposed by the United States and Europe have created an opportunity for Russia and China to strengthen their mutual economic cooperation and that both the countries should use the local currency for mutual trade,” demand Chinese industrialists. This statement was made in the ‘Valdai Discussion Club’ meeting in Shanghai. Russia being the […]

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‘Alexandre de Rothschild’ is the new Chairman of the ‘Franco-British Investment Bank’

‘Alexandre de Rothschild’ is the new Chairman of the ‘Franco-British Investment Bank’

Landon: Alexandre de Rothschild will be the new chairman of the ‘Franco-British Investment Bank’, established in 1838. He will be taking over as the Chairman as a successor to his father, David Rothschild. This change of guard was being planned for a long time, said David Rothschild. The Rothschild family is connected with the banking […]

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Pakistan economy heading towards bankruptcy: International Monitory Fund

Pakistan economy heading towards bankruptcy: International Monitory Fund

Washington/Islamabad: Pakistan who already has a tarnished image because of an unstable government, policy to aid the terrorists, increased violence and human rights violation seems to be in for another jolt. The International Monitory Fund (IMF) has expressed concerns over the Pakistani economy and given indications that the economy is heading towards bankruptcy. It has […]

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Major slide in indices, turmoil in European and Asian Share markets along with US

Major slide in indices, turmoil in European and Asian Share markets along with US

Washington/London/Tokyo: Share markets the world over crashed for the second day is succession because of the indications of increase in interest rates by the United States central bank, the ‘Federal Reserve’ and rising inflation. The slide in the United States stock market is being strongly echoed in the European and the Asian countries, while investors and […]

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