China contribution in Australian prosperity should be considered, Chinese Ambassador lambasts Australia

China contribution in Australian prosperity should be considered, Chinese Ambassador lambasts Australia

Beijing/Canberra: “Australia’s 28-year run of uninterrupted economic growth and expectations of a budget surplus this year proved Beijing and Canberra should look at each other’s development as an ­opportunity. Australia pats its own back showcasing the economic progress. But some people seem to have forgotten the reasons behind this success. Please remember that there is […]

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NYSE owner ICE launches Bitcoin Futures contract

NYSE owner ICE launches Bitcoin Futures contract

New York: The US company, Intercontinental Exchange (ICE) that owns the New York Stock Exchange (NYSE), which is the largest stock exchange in the world, has launched Bitcoin Futures trading in the cryptocurrency. The first trade on Future’s Exchange started on Sunday at 8.00 pm, US time and the company informed that the first transaction […]

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A Turkish conference demanded Israel’s destruction, claims German daily

A Turkish conference demanded Israel’s destruction, claims German daily

Ankara: While the tensions over the Saudi Arabia-Iran issue have heightened in the Middle East, the demand for the destruction of Israel is growing stronger. In an Islamic conference in Turkey, a demand was made for Israel to be dissolved and destroyed. A German daily reported that along with the delegates from Iran, Syria and […]

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Iran has attacked the world and not only Saudi, criticism by the Saudi Foreign Minister

Iran has attacked the world and not only Saudi, criticism by the Saudi Foreign Minister

Riyadh: “Iran has not attacked only the oil projects in Saudi, but it is an attack on the whole world. Therefore, at least now, the international community should stop pampering Iran. Taking cognisance of the attacks on Saudi, they should stop the financial and trade assistance to Iran,” sharply criticized Saudi Arabian Foreign Minister Adel […]

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US announces sanctions against Iran Central Bank and Development Fund

US announces sanctions against Iran Central Bank and Development Fund

Washington/Tehran: The United States, which has accused Iran of attacks on the Saudi oil facilities, has given indications of initiating intense action against it. After announcing the additional military deployment in Saudi and United Arab Emirates (UAE), the United States tightened the noose of sanctions further around Iran. The sanctions target the Iranian Central Bank, […]

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Oil rates jump 20% following attacks in Saudi, indications of rates touching USD 100 per barrel

Oil rates jump 20% following attacks in Saudi, indications of rates touching USD 100 per barrel

London/New York: Following the drone attacks on the oil refinery projects of Aramco in Saudi, the oil rates in the international market have jumped by 20%. The oil rates have climbed to USD 71 per barrel in the market transactions on Monday. This is said to be the biggest leap in the oil rates, in […]

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Debt burden on the US crosses $400 trillion, claims report by a private financial institution

Debt burden on the US crosses $400 trillion, claims report by a private financial institution

Washington: A private financial institution issued a sensational warning that the total debt burden in the US economy is 20 times the Gross Domestic Product (GDP) of the United States and the number has reached nearly $400 trillion. A few months ago, the US treasury department had released information that the national borrowing is to […]

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Finance Minister makes important announcements to increase the economic growth rate, incentive schemes for export and housing sector

Finance Minister makes important announcements to increase the economic growth rate, incentive schemes for export and housing sector

New Delhi: Union Finance Minister Nirmala Sitharaman,announced some important decisions, given the reduced economic growth rate and the stunted growth rates in certain sectors. Special announcements have been made to incentivise the export and housing sector. These include financial assistance of ₹500 billion for the export and ₹100 billion for the housing sector. The Union […]

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Russia will not buy bonds in USD, declares Russian Finance Minister

Russia will not buy bonds in USD, declares Russian Finance Minister

Moscow/Washington: Russian Foreign Minister Anton Siluanov announced that henceforth, Russia would purchase debt bonds in currencies other than the US dollar. At the same time, the Russian Foreign Minister also claimed that Russia would not need any financial assistance in the remaining part of the year 2019. Russia, consistently faced with sanctions from the United […]

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US Department of Justice to reveal the name of Saudi official who helped the terrorists in the 9/11 attack

US Department of Justice to reveal the name of Saudi official who helped the terrorists in the 9/11 attack

Washington: The US Department of Justice has announced that it would soon reveal the name of the Saudi official who helped the terrorists in the 9/11 attack perpetrated in the US, 18 years ago. The information came to light during a court session on Thursday. According to the law approved by the US Congress three […]

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