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: Experts at the international level have been warning that US-China trade war, uncertainty regarding Brexit, tensions over the Iran issue and the sanctions imposed by the United States against various countries would be the factors precipitating a global recession. Against the backdrop of this looming recession, it is reported that Russia has increased its […]
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London/Moscow: Many groups, including the ‘World Gold Council’ had reported an increase in the Gold purchase, by the central banks of the leading economies of the world, over the last few years. Analysts and economists have claimed that the trend in the Gold purchase will continue because of the increasing tensions at the international level, […]
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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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London/Beijing: Former British Minister Jim O’Neill claimed that the Chinese currency Yuan had the capacity of becoming the international currency saying, “The position of the US dollar as the global currency is still intact. There is only one legitimate way to change it. A new long term and the genuine currency has to be created […]
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Belgrade/Manila: Amid warnings of a slowdown in the global economy, a few of the smaller countries have been observed to be focusing on investment in Gold, as a security measure. Serbia, a state in Europe, has planned to take its Gold reserves to 50 tonnes whereas, the Philippines has approved legislation to encourage the country’s […]
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Cape Town: ‘Gold Reserves in the world are now depleting and there is no alternative available,’ warned Nick Holland, the CEO of Gold Fields, the Gold mining company from South Africa. The demand for gold is increasing because of the instability and uncertainty prevailing at the global level. In this scenario, the warning by Holland […]
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Moscow/Washington – Russia has warned that if the G7 group, including the US, tries to confiscate Russian assets abroad and use them for Ukraine, Russia’s response will be ‘tit for tat’. These efforts initiated by Western countries will be challenged at the legal level and may weaken the foundation of the global economy, President Vladimir […]
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Moscow/Caracas – The Foreign Minister of Venezuela, Yvan Gil Pinto, currently visiting Russia, has announced de-dollarisation from the ongoing bilateral trade with Russia. Foreign Minister Pinto also clarified that the two countries have agreed on this, and the process of using the national currencies is in the final stages. Besides, Russia has welcomed this and […]
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Beijing: China has stopped the export of two rare minerals important in making semiconductors. In August, information surfaced that China has completely stopped the export of ‘gallium’ and ‘germanium’. Due to this decision of China, there is a fear that semiconductor manufacturing in the West will be affected. Besides, this decision of China will be […]
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