London/New York: Owing to the latest flare-up in the US-China trade war, gold prices have climbed considerably. On Monday, gold prices scaled up to USD 1,550 per ounce mark, setting a new record. Earlier, it was in April 2013 that gold had reached its peak. At the beginning of the month, Gold rates had crossed […]
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Washington: JP Morgan, the leading financial institution in the world, warned that in the coming decades the global economy is set for some landslide changes and USD will lose its influence on the worldwide economy and the system with the influence of the Asian continent will take over as the leader. Only last month, former […]
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London: The changing geopolitical scenario in the world and the indications by the US Federal Reserve to increase the interest rates, will cause the Gold rates to spurt by the end of this year, crossing the level of $ 2,000 per ounce (28.35 grams). The Gold prices recorded in the market trades on Monday, were […]
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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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Washington: The United States will be providing financial aid of $ 250 million to Ukraine for modernisation of its navy and marine units. US defence headquarters Pentagon announced the funding. It claimed that this aid would be used for the protection of the Azov Sea and against the free movement of the pro-Russian rebels, in […]
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Islamabad/Beijing: It is being exposed that Pakistan has accepted many insulting terms, to receive a bailout package for its economy, heading towards bankruptcy. Bowing in front of these conditions, Pakistan has revealed the information that it has borrowed funds from China. It is revealed that Pakistan has borrowed nearly USD 6.5 billion from China, in […]
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Beijing/Washington: China has fuelled the trade war further by imposing taxes on US goods worth $60 billion. Coming close on the heels of the Chinese announcement, global stock market dipped, and it’s currency Yuan hit a four-month low. Reacting ferociously to Chinese taxes, President Donald Trump ranted that he would not let the United States […]
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Washington: The United States has initiated an aggressive campaign, to destroy the financial sources of Hezbollah, standing on Iranian and Syrian support and having a strong base in Lebanon. US President Donald Trump had achieved reasonable success, in restricting the activities of Hezbollah, by imposing harsh sanctions against it. The United States has indicated increasing […]
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London: The crude oil rates have risen, in light of the raging conflict in Libya and the US sanctions against Iran and Venezuela. The crude prices jumped to $70 per barrel, in the international market, on Monday and the US crude also rose to $63 per barrel. These rates are the highest, in the last […]
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Washington: The Russian media has claimed that the United States has formed Space Development Agency (SDA) to deploy sensors and weapons in the space to counter new missiles from Russia and China. To boost defence preparedness in the space, the US defence headquarters Pentagon will be conducting tests of ‘Neutral Particle Beam’ in the next […]
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