111. Economy of Israel

111. Economy of Israel

The articles in this series have thrown light on the spectacular progress achieved as a country by Israel over just the last seventy years, or so, that is from its birth till today. Today, Israel is a highly developed ‘Free market’ economy based on Information Technology and hi-tech research. Thanks to it, Israel has developed […]

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Poland repatriates 100 tonnes of Gold from Bank of England to increase the capacity of the economy

Poland repatriates 100 tonnes of Gold from Bank of England to increase the capacity of the economy

Warsaw/London: Poland, an important country and a leading economy in Europe, repatriated 100 tonnes of gold. The Polish central bank, ‘National Bank of Poland’ informed that this step has been taken to increase the capacity of the national economy. But the analysts have claimed that the crucial factors behind this repatriation are the uncertainty in […]

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Serbia bought 9 tonnes of Gold, against the background of economic uncertainty and slowdown

Serbia bought 9 tonnes of Gold, against the background of economic uncertainty and slowdown

Belgrade: Against the background of uncertainty over the Brexit issue in Europe and the shadows of recession created by the trade war, Serbia has bought a whopping 9 tonnes of Gold, in October. Such a colossal Gold purchase, by a small country in eastern Europe, in a single month, attracts attention. Before Serbia, European countries […]

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India and Saudi on a path to strategic cooperation, PM Narendra Modi

India and Saudi on a path to strategic cooperation, PM Narendra Modi

Riyadh: Prime Minister Narendra Modi has claimed, ‘There is economic uncertainty because of the unbalanced multilateral trade. At this time, the global economy is dependent on the path chosen by the big developing economies like India and Saudi Arabia.’ Prime Minister Modi also said that the cooperation between India and Saudi Arabia has crossed the […]

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China purchased 74 tonnes of gold in the last six months, against the background of surge in the gold prices to record high

China purchased 74 tonnes of gold in the last six months, against the background of surge in the gold prices to record high

Beijing: While the indications of the trade war between the United States and China have been flaring up further, China has aggressively started augmenting its Gold reserves. Since December last year, China has been on a gold buying spree and over just six months, has purchased a whopping 74 tonnes of gold. This Chinese purchase, […]

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China becomes aggressive following the threat by the US President, prepares for equivalent retaliation in the trade war

China becomes aggressive following the threat by the US President, prepares for equivalent retaliation in the trade war

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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Gold rates will bounce up to $1,400 by the end of 2019, due to economic uncertainties and increasing purchases, claim international analysts

Gold rates will bounce up to $1,400 by the end of 2019, due to economic uncertainties and increasing purchases, claim international analysts

New York/London: International analysts have predicted that the uncertainty at the economic level and the heavy purchasing of Gold by the Central banks of various countries, will make the Gold rates jump to a whopping $1,400 per ounce. (1 Ounce = 28.5 Grams). Martin Huxley of INTL FCStone group claimed that the policy of the […]

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Russia and China increase purchase of gold, hint at considering gold-backed digital currency

Russia and China increase purchase of gold, hint at considering gold-backed digital currency

Moscow/Beijing: Russia and China, two of the leading economies of the world have increased their purchase of gold. In February, Russia purchased a whopping 31 tonnes of gold taking its gold reserves to 2,149 tonnes. At the same time, the Chinese central bank has been revealed to have bought gold for four successive months, to […]

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