Beijing: While the sale of US bonds by China in the last month was considered to be a warning shot, China has given one more shock to the United States in September. China reduced its investments in USD by 14 billion dollars. This has brought the USD share in the Chinese reserves to 1.15 trillion […]
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London: The Gold demand has increased against the backdrop of the trade war declared by US President Donald Trump against China, sanctions imposed on various countries in view of the Iran nuclear deal and the uncertainty created because of this. The World Gold Council which keeps track of the Gold transactions and trade at the […]
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Washington/Beijing: As China has still not acceded to the United States’ urge for fair and reciprocal treatment in trade, US President Donald Trump announced imposition of 10% tax on Chinese imports worth $ 200 billion. At the same time, President Trump has warned that if China retaliated against this tax, another $ 267 billion worth […]
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London/Shanghai: Last week, US President, Donald Trump threatened to tax Chinese imports worth $200 billion. Severe repercussions of this threat are being felt in the international economy and a major decline was seen in the European and Asian stock markets including China. The Chinese stock market was hit the most and the index crashed to […]
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‘The US economy will reach a critical situation in the next 2 years when it may have to tackle the US dollar crisis rather than the debt. It would be a political as well as a social crisis,’ was the serious warning issued by the US billionaire investor Ray Dalio. Dalio also warned that the […]
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Washington/Beijing: China will lose out about 5.5 million jobs due to the trade war initiated by US President, Donald Trump, 5.5 million Chinese jobs will be lost, was the sensational claim made by the economists at JP Morgan Chase. Since the last two months, reports of partial collapses in the Chinese economy were being received […]
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Beijing: Zambia is on the verge of becoming the first victim to the Chinese ambition of acquiring the property, infrastructure and natural resources by tightening the noose of huge debts. The Chinese decisions to acquire the Gwadar port in Pakistan and Hambantota port in Sri Lanka against huge loans came under severe criticism from the […]
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Bishkek: ‘The United States is acting like a wild wolf. We cannot trust it,’ said Turkish President, Recep Erdogan, while appealing to discontinue the use of the US dollar for trade and investment. Turkey will not use the US dollar while dealing with other countries and it has already proposed the same to other countries, […]
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New Delhi: “We have heard song ‘Dakiya dak laya’. From now, along with dakiya dak laaya, dakiya bank bhi laaya. Many thought technology had threatened the existence of the postal department and that postmen would lose their livelihood. The growing pace of technology in communication threw a challenge. We used technology as a base to […]
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Buenos Aires: While the economies of the Latin American countries like Venezuela and Brazil are receiving shocks, dark clouds seem to be hovering over the Argentinian economy too. The Argentinian currency, Peso declined by about 7% on Wednesday and the warnings of this decline in the growth rate by 1% are being issued. Against this […]
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