Washington/Beijing: US President Donald Trump issued a stern warning to the world bank saying that China has enormous amounts of funds and even if it does not, it will create it; therefore, under any circumstances, the world bank should not fund China. Only a few days ago, the world bank decided to provide billions of […]
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Moscow/Caracas: Russia, consistently supplying military and financial aid to Venezuela, has started moves to take over the Venezuelan oil sector. A report published in the media claimed that a Russian company would be taking over the Venezuelan oil company, PDVSA, against the loans provided to it. Although the Venezuelan leaders have dismissed the claims, the […]
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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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Washington: At a time, when economies like Russia and China are trying to challenge the economic domination of the United States, it has been exposed that USD, the leading reserve currency of the world, is losing its percentage share. The International Monetary Fund (IMF) has announced the information regarding the investments in the reserve currencies […]
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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: 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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Washington/Beijing: US President, Donald Trump has warned that if the trade talks with China, during the G-20 summit in Tokyo, are not successful, the tax will be imposed on the Chinese goods imported into the United States, worth $300 billion. China has immediately replied to the threat, issued by Trump and China has warned that […]
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Caracas: Leading international economist Kenneth Rogoff, warned that the Venezuelan failure will be the biggest and the most appalling in the world, other than the countries involved in wars and internal conflicts. The Venezuelan economy suffered major jolts when the crude oil rates had collapsed, at the international level. The attempt by President Maduro, to […]
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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 […]
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Moscow: Russia is on its toes to fight against the sanctions put by the United States. Russia has taken an impactful step by targeting ‘US Dollar’ and making a noticeable reduction of its usage in Russian economy. Russia’s Deputy Foreign Minister Sergey Lavrov shared this information. Back in 2014 when the United Stateshad forced such […]
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