Russia leaps to no 5 in the list of countries holding maximum Gold; surpasses China with 2,100 tonnes of Gold reserves

Russia leaps to no 5 in the list of countries holding maximum Gold; surpasses China with 2,100 tonnes of Gold reserves

Moscow: Russia faced with sanctions from the United States and European countries, has performed a Golden Task in the last year. The Russian Gold reserves have reached a record 2,100 tonnes, and the valuation of this Gold reserve stands at a whopping $87 billion. Russia has reached the fifth place at the international level, surpassing […]

Read More »

World Bank warns of lengthening shadows of a new global economic crisis

World Bank warns of lengthening shadows of a new global economic crisis

Washington: The World Bank has warned that dark clouds of a new crisis are hovering over the global economy due to the pressures created because of tensions in the international trade, decreasing investment, increasing intensity of the natural calamities and the increasing debt burden. A new report released by the World Bank warns that the […]

Read More »

Upheaval in the US stock markets hits the Asian and European markets

Upheaval in the US stock markets hits the Asian and European markets

Tokyo/London: The record crash in the US stock markets has severely hit the major stock markets in Asia and Europe. The indices in the leading economies of Japan and China in Asia and the index in the United Kingdom, France and Spain have also recorded decline. The analysts have indicated that the decline will continue […]

Read More »

US stock markets crash amid Shutdown and rise in interest rates

US stock markets crash amid Shutdown and rise in interest rates

Washington: The US stock markets have witnessed a significant crash amid President Trump’s refusal to sign the bill for provisions other than the one for the Mexico wall, Federal Reserve’s increase in the interest rates and the trade war. All the three market indexes namely the Dow Jones, S&P 500 and Nasdaq have suffered the […]

Read More »

The fall in the US stock markets indicating worse recession than 1929; warns former congressman Ron Paul

The fall in the US stock markets indicating worse recession than 1929; warns former congressman Ron Paul

Washington: Former congressman Ron Paul warned, ‘There is a major upheaval in the US stock markets. Seeing that the condition is not improving the investors will start deserting the market. The situation that will follow will be worse than the 1929 recession.’ Against the background of Paul’s warning, the US stock markets declined by nearly […]

Read More »

The international economy has debts of $184 trillion; warns the IMF

The international economy has debts of $184 trillion; warns the IMF

Washington: The International Monetary Fund (IMF) has warned that the debt burden in the international economy has risen to $184 trillion. The IMF has also warned that the United States, China and Japan are the countries mainly responsible for this debt burden. In consideration of the international economy, this debt burden is 225% of the […]

Read More »

World Bank cancels loan worth $250 million to Pakistan

World Bank cancels loan worth $250 million to Pakistan

Islamabad: The World Bank has cancelled financial assistance of $250 million to Pakistan. The credit was supposed to help uplift the Pakistani economy. However, due to failed negotiations with Pakistan, the World Bank has decided to cancel the said loan. The World Bank has delivered a jolt to Pakistan with the decision as Pakistan is […]

Read More »

The Iranian government will start excavation for Gold to break the shackles of the US sanctions

The Iranian government will start excavation for Gold to break the shackles of the US sanctions

Tehran: The Iranian economy is cornered because of the withdrawal of the European and Asian countries and companies from the trade and crude oil related cooperation, fearing US sanctions. Iran has decided to increase the share of Gold in the economy, to recover the economy, breaking the shackles. The government has ordered starting excavation of […]

Read More »