Investment in gold bonds increased by 400%, in view of the warnings of global recession  

Investment in gold bonds increased by 400%, in view of the warnings of global recession  

London: The gold bonds are observed to be in great demand, against the background of the warnings issued regarding the impending global recession. As per a report published by the international group, World Gold Council, the investments in ETFs (Exchange Traded Funds), backed by gold, have registered an increase in investment by a whopping 426%. […]

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Global economy faces a huge threat of ‘The Great Depression’, like 1920-30 decades; warns IMF

Global economy faces a huge threat of ‘The Great Depression’, like 1920-30 decades; warns IMF

Washington: International Monetary Fund (IMF) warned that if corrective measures are not taken regarding the increasing disparity between the rich and poor, there is a looming threat of ‘The Great Depression revisiting the global economy, like the decades of 1920 and 1930. The chief of the IMF warned that credit policies of the countries can […]

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More than half the banks in the world will not survive the recession, warns global Consulting firm McKenzie

More than half the banks in the world will not survive the recession, warns global Consulting firm McKenzie

New York: The global consulting firm McKenzie issued a warning that nearly 60% of the banks in the world have failed to get returns on their investments, and these banks will not be able to take the hit of the recession. Against the background of the indications of recession received from around the world, this […]

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Russian foreign reserves and gold stocks reach record levels amid the recession at the international level.

Russian foreign reserves and gold stocks reach record levels amid the recession at the international level.

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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Iran likely to face the worst recession, warns World Bank

Iran likely to face the worst recession, warns World Bank

Washington: The World Bank warned that Iranian oil exports are almost nil because of the harsh US sanctions. Oil exports being the primary source of funding in the Iranian economy; this is affecting the Iranian markets. Therefore, Iran may face an unprecedented recession.’ The World Bank also criticised the economic policies of the Iranian President […]

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Shadows of global recession darken further, against the background of decline in manufacturing sector and US-China trade war

Shadows of global recession darken further, against the background of decline in manufacturing sector and US-China trade war

Washington/London: The trade war between the United States and China is intensifying by the day, and even the global investors and big corporates have not been able to asses the effects properly. The economists have claimed that over the last few months, the manufacturing sector in Europe as well as Asia, is taking a major […]

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Recession hits the manufacturing sector in China due to trade war with US; biggest slide in two years

Recession hits the manufacturing sector in China due to trade war with US; biggest slide in two years

Beijing: China, successful in achieving a temporary ceasefire in the trade war with the United States, has not been able to reduce the intensity of the blow delivered by the trade war. The manufacturing Index of China has declined below 50, and this is the first time since 2016 that the index has seen such […]

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Against the background of the trade war with the US, Chinese economy hit by recession

Against the background of the trade war with the US, Chinese economy hit by recession

Beijing: The claims that the Chinese economy will be the worst affected because of the trade war with the United States seem to be turning into a reality. The Chinese economy is hit by a severe recession because of the trade war triggered by US President Donald Trump. As per the Chinese agencies, the growth […]

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