US proposes new plan to counter the Chinese Belt and Road Initiative; will make huge investments in Indo-Pacific

US proposes new plan to counter the Chinese Belt and Road Initiative; will make huge investments in Indo-Pacific

Bangkok: The United States has announced a new scheme to counter the ambitious Chinese Belt and Road Initiative (BRI). The information was given by Wilber Ross, the US Secretary for Commerce during the meeting of the Indo-Pacific Business Forum held in Bangkok. The scheme envisages providing huge funding for important projects in the Indo-Pacific sector, over the next few years. […]

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NYSE owner ICE launches Bitcoin Futures contract

NYSE owner ICE launches Bitcoin Futures contract

New York: The US company, Intercontinental Exchange (ICE) that owns the New York Stock Exchange (NYSE), which is the largest stock exchange in the world, has launched Bitcoin Futures trading in the cryptocurrency. The first trade on Future’s Exchange started on Sunday at 8.00 pm, US time and the company informed that the first transaction […]

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Investors will turn to Singapore instead of Hong Kong in view of the protests, claims renowned investor Jim Rogers

Investors will turn to Singapore instead of Hong Kong in view of the protests, claims renowned investor Jim Rogers

Singapore: Major financial implications of the Hong Kong protests, will be seen in the near future. There is a strong possibility that the identity of Hong Kong as a financial centre will start fading. Owing to the instability created in Hong Kong, in view of the protests, the investors will turn to countries like Singapore, […]

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Gold demand at 1,053 tonnes in the first quarter of 2019; 7% rise in demand from India and Central Banks

Gold demand at 1,053 tonnes in the first quarter of 2019; 7% rise in demand from India and Central Banks

London: The demand for Gold is increasing, despite a record economic performance by the United States. As per a report published by the group World Gold Council, the demand for Gold in the first quarter of 2019, was more than a whopping 1,053 tonnes. The World Gold Council clarified that historic purchase by the central […]

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Australia to make a significant investment in the space, says Air Marshal Leo Davis

Australia to make a significant investment in the space, says Air Marshal Leo Davis

Canberra: “Space is one of those domains that Australia needs to expand – our understanding of what is in the sky above us is important”, Chief of the Australian Air force, Air Marshal Leo Davies hinted at Australian government’s willingness to make a significant investment in space. This announcement by Australia assumes significance, amid warnings […]

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