Washington: The US Federal Reserve announced a cut of 0.25% in the interest rates, on Wednesday. It is the first rate cut by the Federal Reserve since 2008, and the stock markets in the United States as also around the world have begun a downward spiral. President Trump expressed displeasure over the cut and retorted […]
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Beijing/Washington: President Trump retorted that the Chinese economy plunged because of the taxes imposed by the United States. It was revealed, on Monday, that the Chinese economic growth has declined to 6.2% for the second quarter of 2019. This is the lowest for the last 27 years. The trade war, between the United States and […]
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New Delhi: Union Finance Minister Nirmala Sitharaman said ‘The Indian economy will reach the $5 trillion mark in the next five years. The 2019 budget lays the foundation for this.’ This budget presented by her has been welcomed by the Industry sector in the United States. Senior US officials are claiming that along with India’s […]
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Beijing: The Chinese government has acquired the Baoshang bank that was heading towards bankruptcy. This is the first instance of the Chinese government taking over a private bank in the last two decades. This exposes the weakness of the Chinese banking sector, credit availability and economy, and these are indications of the beginning of a […]
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New Delhi: US President Donald Trump had himself passed a verdict during the G-20 summit that the Indo-US relations are at a high never seen before. It was being said that the statement was inconsistent with his anti-India statements and actions. Some analysts advised the Indian government to look out for President Trump’s actions, rather […]
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Moscow: Analysts have indicated a change in equations, in the fuel market, because of the trade war, the supply exceeding the demand situation and tension over the Iran issue. Against this background, Russia and Saudi Arabia have once again concurred on the issue of reducing crude oil production. Both the countries have been willing to […]
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Osaka: Trilateral meeting between India, Russia and China was held during the G-20 summit in the city of Osaka, in Japan. Prime Minister Narendra Modi raised the issue of terrorism before Russian President Vladimir Putin and Chinese President Xi Jinping, during the meeting. The Indian Prime Minister had also participated in the JAI trilateral meeting […]
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Beijing: While the indications of the trade war between the United States and China have been flaring up further, China has aggressively started augmenting its Gold reserves. Since December last year, China has been on a gold buying spree and over just six months, has purchased a whopping 74 tonnes of gold. This Chinese purchase, […]
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London/Beijing: Former British Minister Jim O’Neill claimed that the Chinese currency Yuan had the capacity of becoming the international currency saying, “The position of the US dollar as the global currency is still intact. There is only one legitimate way to change it. A new long term and the genuine currency has to be created […]
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London/New York: Following the shooting down of a US drone by Iranian missiles, the tension at the international level has been escalated, the repercussions of which are seen on the global economy. It is observed that gold which is known to be a safe investment in the times of uncertainty has jumped to $ 1,400 […]
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