Banavali: Chinese Foreign Minister Qin Gang has said that the situation on the LAC between India and China was stable. During the SCO meeting, the Chinese Foreign Minister claimed their country’s relations with India were stable. ‘India-China relations are not normal and cannot be normal if peace and tranquillity in border areas are disturbed. We […]
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Seoul/ Jakarta: South Korea and Indonesia, among the five leading economies in Asia, have decided to transact in local currencies. A meeting of both countries’ central banks was recently held in South Korea. On this occasion, an agreement was signed to use the local currencies ‘Won’ and ‘Rupiah’ instead of the US dollar in trade […]
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Washington: ‘Gold is recognized as the oldest and most traditional asset used for investment worldwide. The world’s central banks are currently using this gold as a means of rebellion against the US dollar. Earlier, the dollar and gold were known as safe havens for investment. But now gold is considered safer,’ claimed American investor and […]
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Beijing – Global Times, a mouthpiece of the Chinese government, claims that India, which the United States has poised against China, is accelerating the de-dollarisation. Global Times reported that India’s preference to trade in rupees depicts its loss of faith in the US dollar. As China is trying to replace the US dollar with its […]
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Moscow – Alexander Novak, Deputy Prime Minister of Russia, has claimed that Russia has completely moved away from the dollar and Euro as a currency to trade oil and are focused on regional currencies. He said Russia had traded oil with China in exchange for Yuan and Rubel. The International Energy Agency (IEA) recently declared […]
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New Delhi – Russia has a balanced trade of about $200 billion with China and is keen to increase its bilateral trade with India by proposing and negotiating a free trade agreement through Eurasian Economic Commission, said the Deputy Prime Minister of Russia, Denis Manturov who is currently on his visit to India. He also […]
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Washington – When the United States uses the dollar to carry out economic sanctions, the dominance of the dollar will be at risk in the international economy, claimed the US Treasury Secretary Janet Yellen. At this time, she also admitted that countries like China, Russia and Iran are looking for an alternative to the US […]
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Washington – Union Finance Minister Nirmala Sitharaman, currently visiting the US, reiterated India’s firm stance against cryptocurrencies. Sitharaman said that by taking a stand against cryptocurrencies at the right time, we cannot let our efforts to save the economy go to waste. Finance Minister Sitharaman was speaking at the event organised at the headquarters of […]
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London: Leading organisations like the International Monetary Fund (IMF) and the World Bank have warned of increasing global economic instability. With these warnings, taking note of the recession-like environment in the economy, the leading Central Banks of the world have started taking steps for it. Besides, the world’s leading Central Banks have turned to buying […]
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Maiduguri – Violence in Benue, the province of Nigeria, killed 74 people. Local security agencies have claimed that it was part of the ethnic massacre. Moreover, armed groups associated with nomadic tribes were said to have attacked two parts of the same province. Meanwhile, the media has reported that a terrorist group has kidnapped as […]
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