Paris/Washington – French analyst Renaud Girard said that the United States used the dollar excessively as a tool of political pressure. Therefore, more and more countries have been leaving the US-dominated economic system. He added that a local currency-based system was an alternative to the dollar. Moreover, countries like Russia and China have even developed […]
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Beijing – China has once again resorted to provoking India as on Sunday, China’s Ministry of Civil affairs changed the names of 11 places in Arunachal Pradesh. China has clarified that it is not interested in resolving border disputes and improving ties with India. As China announced the name changes, India has warned that Arunachal […]
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Beijing/ Washington – In the background of the sanctions imposed by the US and the increase in interest rates, it is coming to light that China has sold a large amount of US bonds. In January 2022, US debt securities were equal to $1.03 trillion. By the end of January 2023, the value of US […]
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New Delhi – The government has instructed Indian traders and banks to avoid using the Chinese Yuan while doing business with other countries. Claims are being made that the government gave this instruction and the Reserve Bank of India as relations between India and China are strained. The news about this has been published by […]
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Washington – It revealed that Signature Bank went bankrupt in the United States, followed by Silvergate and SVB. The third US bank failure in a week signals that the country’s banking sector was in trouble. Against this backdrop, President Joe Biden claimed, on Monday, the US banking sector was safe. However, former US President Donald […]
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New Delhi: Sri Lanka has agreed to set aside US dollars and trade in Rupee with India. Apart from Sri Lanka, other countries like Russia, Mauritius, Myanmar, Malaysia, Singapore, Israel, and Germany are also willing to trade in Rupee. More than 50 countries have opened Special Rupee Vostro Account-SRBA for transactions. This clearly indicates that […]
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Bengaluru: A meeting of Finance Ministers of G-20 countries has been organised in Bengaluru and the Finance Ministers of the member countries have arrived in India for this purpose. It is said that representatives of major banks and financial institutions worldwide have also come to India. On the occasion of this meeting, India’s Finance Minister […]
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London: According to economist Nouriel Roubini, the Chinese Yuan will threaten the importance of the US dollar as an international currency. The Chinese Yuan will also become an international currency in the future. He predicts the end of the monopoly and domination of the US dollar as an international currency. In the future, the world […]
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Moscow: In the wake of the Russia-Ukraine conflict, Western countries have imposed sanctions on Russia. Western countries claimed that these sanctions would cripple Russia’s economy and stop the Russian regime from attacking Ukraine. But in reality, information is coming out that the weapon of sanctions of the West has become useless. At the beginning of […]
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Washington/London/Brussels: The world’s leading central banks have again announced interest rate hikes, amid signs of a global economic slowdown. The European Central Bank, the Bank of England, and the US Federal Reserve increased interest rates. The Federal Reserve increased by 0.25 per cent, and the United States’ interest rate reached 4.75 per cent. Jerome Powell, […]
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