The People’s Bank of China increased its gold reserves for a third straight month in February, bringing total holdings to…
Browsing: Economy
China’s national currency will never be used to boost competition or as a means of handling the ongoing trade row,…
Norway’s trillion-dollar sovereign wealth fund, is set to phase out oil and gas companies from its benchmark index and sell…
Ratings agency S&P Global said governments are continuing to run up huge debt levels and will borrow an equivalent of…
Russia’s foreign exchange reserves can now cover all of the debt owed by both the government and domestic businesses, Russian…
Payless ShoeSource is shuttering all of its 2,100 remaining stores in the U.S. and Puerto Rico, joining a list of…
The US national debt has climbed above $22 trillion. It is projected to continue rising by a trillion each year…
Beijing has joined the global gold rush, increasing its gold reserves for two months in a row to 59.94 million…
Bitcoin (BTC), which continues to languish near seven-week lows, is being outshone by a surge in litecoin prices. BTC, the…
Global central banks bought more bullion last year than at any time since 1971, when the US ended the gold…
General Motors will start laying off approximately 4250 salaried employees from Monday morning (Feb 4th). The Detroit News reports that…
Venezuela has devalued the bolivar, in an attempt to align the currency’s value with the country’s black market, AFP reported.…
Beijing may cut off all investment to Silicon Valley over Western pressure on China-based Huawei, the former deputy governor of…
Russian gold could become the perfect alternative to conservative investments in the greenback, the CEO of Russia’s key trading floor,…
The US is to impose economic sanctions against Chinese companies and individuals they believe to have profited from cyberespionage against…
US stocks closed with the Dow Jones Industrial Average down 588 points, recovering from the shocking plunge of 1,000 points…
The Dow Jones industrial average suffered its worst loss in five years after the market plunged into a correction on…
The US Federal Reserve will not be hiking interest rates, it indicated in a statement on Wednesday following a two-day…