Russia hammering out secret plan to rid economy of US dollar
October 17, 2018 at 10:35 AM
The Russian government is working on the details of a de-dollarization plan announced earlier in October. The program’s key point is to make it more profitable for key Russian exporters to use rubles instead of dollars. Read More »
Jack Ma says US will ‘suffer more’ if it keeps trying to start Cold War with China
October 12, 2018 at 02:14 PM
Alibaba’s executive chairman Jack Ma has warned that the US will “suffer more” if it continues its efforts to launch a Cold War against China in an attempt to neutralize the growth of the country’s economy. Read More »
Citing Tariff Battle, IMF Predicts Slower Growth in US, China
October 11, 2018 at 02:29 PM
The tariff standoff might not feel like much now, but it certainly will take a toll in years to come, the International Monetary Fund warns. Read More »
Russia May Start Using Euro in Trade With European Union - Economy Ministry
October 10, 2018 at 10:33 AM
Russian President Vladimir Putin recently indicated that Washington was "making a colossal strategic mistake" by "undermining confidence in the dollar" amid Russian plans to reduce the country's dependence on the US currency in global trade. Read More »
India to Continue Buying Iranian Oil Despite Possible US Sanctions - Minister
October 10, 2018 at 10:27 AM
NEW DELHI (Sputnik) - Indian companies will continue buying Iranian crude oil in November even despite the possible US objections and sanctions, Indian Petroleum and Natural Gas Minister Dharmendra Pradhan said. Read More »
Thanks, but no thanks: Turkey rejects future loans from IMF
October 09, 2018 at 02:06 PM
Ankara will no longer borrow money from the International Monetary Fund (IMF), according to Turkish President Recep Tayyip Erdogan. Read More »
Putin: Trade between Russia & India will reach $30bn by 2025
October 08, 2018 at 04:16 PM
The volume of trade between Russia and India exceeded $9 billion last year and is set to grow further with the nations aiming to boost trade and encourage investments, according to Russian President Vladimir Putin. Read More »
Trump Says Canada, Mexico Will Be 'Wonderful Partners in Trade' in Future
October 07, 2018 at 10:37 AM
WASHINGTON (Sputnik) - US President Donald Trump said in a statement on Tuesday that Mexico and Canada will be great commerce partners of the United States for many years ahead after the countries signed a new trade agreement labeled USMCA. Read More »
‘When trade stops, sometimes war starts’ – Jack Ma
October 05, 2018 at 02:37 PM
The tit-for-tat exchanges between the world’s two largest economies, China and the US, may lead to a possible military conflict, according to Alibaba founder Jack Ma. He has warned that a trade war would “hurt everybody.” Read More »
China halts all oil imports from US amid escalating trade war
October 05, 2018 at 02:35 PM
America’s second-largest oil client, China, has completely stopped buying crude from the United States as trade tensions between the world’s two largest economies continue to grow.
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