Categories Business US move to weaponize its currency is destroying dollar in international trade – Putin Posted on Posted onOctober 6, 2019By Editor Russia never wanted to turn away from the US dollar but American policies have forced it, as well as many other countries, to do so, President Vladimir Putin told participants of the Russian Energy Week … Read More >US move to weaponize its currency is destroying dollar in international trade – Putin
Categories Business Following Flushing of Dollars, Yuan-Based Assets Take Top Spot in Russia’s Massive Forex Cushion Posted on Posted onOctober 6, 2019By Editor Russia has steadily built up its foreign exchange and gold reserves in recent years, amassing a hoard of over 2,200 tonnes of bullion, and total foreign exchange reserves worth the equivalent of $529 billion as of September 1. … Read More >Following Flushing of Dollars, Yuan-Based Assets Take Top Spot in Russia’s Massive Forex Cushion
Categories Business EU Threatens to Fight Back if New US Tariffs Over Airbus Subsidies Imposed – Report Posted on Posted onOctober 6, 2019By Editor The European Union threatened on Wednesday to retaliate if the US proceeds with slapping tariffs on $7.5 billion worth EU goods. … Read More >EU Threatens to Fight Back if New US Tariffs Over Airbus Subsidies Imposed – Report
Categories Business US Stocks Drop Nearly 350 Points After Release of US Manufacturing Survey Posted on Posted onOctober 6, 2019By Editor US stocks fell by more than 300 points on Tuesday following the worst report on US manufacturing … Read More >US Stocks Drop Nearly 350 Points After Release of US Manufacturing Survey
Categories Business US Markets Slide Sharply as Manufacturing Data Shows Losses for Second Straight Month Posted on Posted onOctober 5, 2019By Editor The Dow Jones Industrial Average dropped 53.23 points to 25,863.60 in morning trading on Tuesday, with the S&P 500 down 4.35 points, … Read More >US Markets Slide Sharply as Manufacturing Data Shows Losses for Second Straight Month
Categories Business WTO cuts global trade forecast to lowest in decade amid China-US tariff war Posted on Posted onOctober 5, 2019By Editor The ongoing trade war between the world’s two biggest economies has led WTO economists to have a gloomier growth outlook for global trade this and next year … Read More >WTO cuts global trade forecast to lowest in decade amid China-US tariff war
Categories Business Venezuela makes Russian debt repayment in rubles to bypass US sanctions Posted on Posted onOctober 5, 2019By Editor Caracas has transferred to Moscow its latest scheduled debt repayment using the ruble, according to Russian Deputy Finance Minister Sergey Storchak. … Read More >Venezuela makes Russian debt repayment in rubles to bypass US sanctions
Categories Business Delisting Chinese firms from US stock markets ‘would be a very bad idea’ & will never happen, strategist tells Boom Bust Posted on Posted onOctober 5, 2019By Editor The two global superpowers, China and the United States, have moved into the next phase of their global struggle for economic supremacy … Read More >Delisting Chinese firms from US stock markets ‘would be a very bad idea’ & will never happen, strategist tells Boom Bust
Categories Business Saudi Arabia predicts huge spike in oil prices if no global action is taken ‘to deter Iran’ Posted on Posted onOctober 5, 2019By Editor Saudi Crown Prince Mohammed bin Salman warned that oil prices could skyrocket if the world does not join forces to deter Iran’s alleged aggression. He noted, however, that he would rather see a political solution to the conflict. … Read More >Saudi Arabia predicts huge spike in oil prices if no global action is taken ‘to deter Iran’
Categories Business The US-China war over critical mineral supply Posted on Posted onOctober 5, 2019By Editor The US government is working hard to break China’s dominance over critical mineral supplies, launching a plan to boost lithium, cobalt and rare earths mining across the globe. … Read More >The US-China war over critical mineral supply
