Athens: The European lending agencies have converted Greece into a dead colony wherein Greeks will have to suffer pain and poverty for many years to come, accused former Finance Minister of Greece. At the same time, he warned that Greece should quit the Euro and start using the old Drachma currency. It was announced on […]
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Berlin: The sliding Turkish Lira is creating additional perils for the German economy, cautioned the German finance ministry. The value of the Turkish Lira has fallen by more than 50% against the US dollar, and the debt burden on the country also has increased. Germany being the country with the highest investments in Turkey will […]
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Washington/Ankara: Turkey’s involvement in the Syrian conflict and its cooperation with Russia has caused serious stress on its relations with the U.S. The U.S. has now declared sanctions on Turkish officials as the country failed to act on the detention of the U.S. pastor Andrew Brunson, despite requests from the U.S. The US Treasury Department […]
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New Delhi/ Mumbai: The Reserve Bank of India (RBI) had declared a complete ban on the virtual Currency, Cryptocurrency transactions in India. Until then, the Supreme Court has postponed the next hearing on the petition is scheduled on 11th September. Accordingly, the court will announce its final verdict on this petition. The RBI had banned […]
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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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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 […]
Read More »Brussels/Washington: The EU’s ‘European Central Bank’ has accused the US of using its political clout to keep the USD rate low as against the Euro. The European Central Bank has warned that this issue will be raised in this year’s ‘G-20’ summit. ‘The US Treasury Department is exercising its pressure for the second time, to […]
Read More »Canberra: The popularity of ‘Bitcoin’ among investors world over has prompted some main countries along with banks and some big financial institutions to make moves to start their own cryptocurrency. With this background, the largest ‘Gold Refinery’ in Australia, ‘Perth Mint’ has announced its own cryptocurrency. Richard Hayes, the chief executive of the ‘Perth Mint’ […]
Read More »London: There have been indications that the central bank of Britain, “Bank of England” shall officially introduce “cryptocurrency” in the coming year. It has been revealed that Bank of England has appointed a research group in 2015 for this matter, the report of which shall soon be published. In 2016, the central bank of Britain […]
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