Prepare For Cost Increases: Americans WARNED Prices Will Jump
The risk of rising prices means lower sales, which could result in layoffs and store closures,” RILA wrote in a letter dated Monday that was...
Category Archives: Economy & Money
Bitcoin Price Tops $10K for First Time Since 2018
Bitcoin’s price soared above $10,000 on cryptocurrency exchanges for the first time in 15 months. The price hopped...
Malaysia seeks to recoup around $5 billion worth of state fund-linked assets
Malaysian authorities intensified efforts to recover funds which have been siphoned from the 1Malaysia Development Berhad (1MDB) fund...
Maxine Waters blasts Facebook’s cryptocurrency
House Financial Services Committee chair Maxine Waters (D-California) may have finally found something she opposes more than President Donald Trump: Libra, the proposed new Facebook...
Biggest investor in the Russian economy is… the United States
US investment in Russia was 13 times bigger than official numbers show, statistics released by the United Nations...
Russia’s gold & foreign exchange reserves exceed $500 billion
The Central Bank of Russia (CBR) reported Thursday that the country’s international reserves amounted to $502.7 billion last...
Beijing answers Trump’s tariffs with massive gold-buying spree
China’s vast gold stockpile saw another boost in May, marking an ongoing increase for a sixth straight month, according to the latest data published by...
Oil just had its worst run since 2008
Oil has entered a bear market as fears of an economic downturn mount. The fundamentals look much tighter...
Deutsche Bank confiscates 20 tons of Venezuelan gold after default on swap agreement
Germany’s biggest lender, Deutsche Bank, has taken control of 20 tons of gold belonging to Venezuela as collateral...
Russia & China agree to bilateral trade in national currencies during Putin-Xi meeting
Russia and China took another step away from the US dollar after the two countries agreed to develop...
World Bank ranks Ukraine as one of the poorest nations in Europe
Ukraine is rated as one of the poorest countries in Europe and Central Asia when it comes to GDP per capita, according to the country’s...
US proposes penalties on countries it accuses of manipulating currencies
The US Commerce Department has proposed a new rule to impose anti-subsidy duties on products from countries that...
One country that could win big from the US-China trade war
If China follows through on its retaliatory threat of raising US liquefied natural gas (LNG) tariffs from 10...
Venezuela to ditch Visa & Mastercard by early 2020
The central bank of Venezuela will develop an independent national payment system to get rid of international giants Visa and Mastercard in response to US...
Years of US sanctions have cost Venezuelan economy $130 billion
Over the last few years Venezuela has suffered enormous losses due to the economic blockade introduced by Washington,...
Russia’s gold production sees year-on-year surge of 13%
Gold output in Russia increased by 12.6 percent from January through March this year compared with the same...
Zimbabwe’s economy pronounced ‘DEAD’ & plunge another 20% this year
The spiraling economic meltdown in Zimbabwe is expected to worsen in 2019, partly due to the out-of-control inflation, the country’s Treasury statistics show. The economy...