London/Beijing/Washington: “As the world re-orders itself, this disconnect between the real and financial is likely to reduce, and in the process, other reserve currencies may emerge. In the first instance, I would expect these will be existing national currencies, such as the renminbi,” said the governor of the Bank of England (BoE), claiming China’s Yuan […]
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Beijing/Washington: A Canadian financial expert and analyst has said that China will end the dominance of the US Dollar on the back of its gold reserve of 20000 tonnes. China’s economy is feeling the heat of the ongoing trade war with the US and therefore, China might take this aggressive step to defeat the US, […]
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Moscow: The Pension Fund in Switzerland has decided to invest nearly $700 million in gold bullion. It will be buying gold worth that amount and has also declared that the gold will be kept within the country itself. This is a significant development, said renowned investment expert Claudio Grass. This Swiss investment shows the changing […]
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New Delhi: Ammunition will henceforth be manufactured within the country with the objective of having reserves enough for at least 30 days with the military at any point in time, in case of a war. The military has sanctioned a project worth Rs. 150 billion to attain this objective. 11 private sector companies will be […]
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London/Washington/Tehran: The crude oil prices have once again surged against the backdrop of US President, Donald Trump’s deadline to withdraw from the Iran Nuclear Deal and the Venezuelan economic crisis. On Monday, the crude oil prices in the global markets rose to $75 making it the first time since Nov 2014 to hit its highest […]
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Moscow: Against the backdrop of tensions developed with the western countries along with the US on issues concerning Ukraine & Syria, Russia has begun stressing on beefing up its preparedness in defense. There are signs of this strategy being followed through this year as well. The Russian navy is going to adopt an increasingly aggressive […]
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On Wednesday 6th July gold hit its highest in more than two years, by virtue of uncertainty, drop in stock markets and slide in some bond yields to record lows after Britain’s vote to leave the European Union (Brexit). Post the rise, gold rates having reached to $ 1367.104 per troy ounce (31.10 g) is […]
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New Delhi, Dt: 24(PTI)–India is well prepared to face any after effects of ‘Brexit’ said the Indian Finance Minister Arun Jaitley. India has strong economic fundamentals and adequate foreign exchange reserves. The Government is working closely with various regulatory bodies to mitigate the effects of volatility caused by ‘Brexit’. Mr. Arun Jaitley asserted that the […]
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