Moscow: The largest Russian oil company ‘Rosneft’ has decided to permanently outcast US dollar from its transactions. In an independent release, Rosneft clarified that henceforth, the oil rates will be announced only in Euro, instead of US dollars. All the customer companies have been issued instructions regarding this and the company has already started transacting […]
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Moscow/Washington: Russian Foreign Minister Anton Siluanov announced that henceforth, Russia would purchase debt bonds in currencies other than the US dollar. At the same time, the Russian Foreign Minister also claimed that Russia would not need any financial assistance in the remaining part of the year 2019. Russia, consistently faced with sanctions from the United […]
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Washington/Beijing: “While there are no signs of an end to US and China trade war soon, China could weaponise US Treasury holdings,” warned the leading US investor Ray Dalio, founder of Bridgewater Associates. Dalio drew attention to the fact that China has been selling US dollars over the last few months. At the same time, […]
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New Delhi: China, who pleasantly surprised India, by including Pakistan occupied Kashmir and Arunachal Pradesh in the map of India, had now made changes to it. The Indian media had reported it previously, claiming China to have mellowed down. China that shows extreme sensitivity to such reports immediately made changes to the published map after […]
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Beijing/Washington: ‘China and the development of trade with it,isheading in the right direction. Soon a deal will be signed between the United States and China,’ indicated US President Trump. It has come to the fore that in the last 28 years, the performance of the Chinese economy has been the worst this year. At the […]
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Beijing: Zambia is on the verge of becoming the first victim to the Chinese ambition of acquiring the property, infrastructure and natural resources by tightening the noose of huge debts. The Chinese decisions to acquire the Gwadar port in Pakistan and Hambantota port in Sri Lanka against huge loans came under severe criticism from the […]
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Washington: A Bill to ensure that India does not get affected while dealing with the countries under sanctions from the United States has been passed in the US Congress. At the same time, the Bill cuts the aid to Pakistan by $150 million. Moreover, the United States has also decided to make the defence cooperation […]
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Moscow: Russia is not opposing the dollar as an International currency. However, President of Russia, Vladimir Putin has drawn the attention of analysts and economists around the world, by stating that the US is using the Dollar as a weapon, due to which the confidence on the Dollar is losing. It has come the fore […]
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Beijing: Chinese President Xi Jinping has announced a financial aid of $ 23 billion to 20 Arab countries from the Middle East and Africa. The whole world is talking about how China is trying to entice all the countries around the world into debt using its financial strength. On this background, it is being alleged […]
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Washington/Beijing: The stance adopted by India about the Indo-Pacific region in the Shangri-La Dialogue has been appreciated by the United States as well as China. However, there is a difference in the tone of appreciation shown by both the countries. US Secretary of Defence, James Mattis has specially appreciated the Indian Prime Minister’s statement about […]
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