Copper Down Means More Job Cuts Underway
Earlier this year, we asked our readers to pay attention to copper because it is one of the key indicators of growth on a global level. It doesn't look pretty.
China Renminbi Approved As Main World Currency – IMF
China's Renminbi now declared as main world currency, along with the U.S. dollar, the euro, the Japanese yen and the British pound, which will take effect on 1 October 2016.
IMF Endorses China’s Renminbi to Global Reserve Currency Status
IMF Chief Christine Lagarde and Fund Staff endorses China's renminbi to become Global Reserve Currency, ending the U.S. Petro-dollar reign in November.
Nations Move To Ban Cash To Control You
Under the pretext of cutting funding for terrorists, there is a worldwide war on physical cash, as more and more nations from Europe, Asia-Pacific, North America, Africa, Middle East and Latin America aggressively put restrictions on the use of physical currency.
Putin says dump dollar
Russian President Vladimir Putin has drafted a bill that aims to eliminate the US dollar and the euro from trade between CIS countries.
China’s sudden currency devaluation is a really big deal — and here’s why
China's central bank sparked turmoil in global financial and commodity markets since Tuesday after it devalued the renminbi — also called the yuan — not once but twice, against the dollar by nearly two percent, biggest one-day drop since 1994.
China’s Reforms Are Enough To Support RMB’s Inclusion Into IMF’s SDR Basket
Experts are cautiously optimistic that China’s plans for further financial reforms would be sufficient to help its currency Renminbi (RMB Yuan) meet the International Monetary Fund’s (IMF) criteria for joining its benchmark currency basket later this year.
Most markets drop after Greek results, but China rises
Markets tumbled Monday after Greece's voters vehemently rejected conditions set by the country's international creditors, deepening doubts over its future in the 19-nation eurozone, but China rises.
Iran eyes $200 bn investment in oil
Iran is planning to invest $200 billion in its oil sector over the coming 6 years, a deputy minister of petroleum said.
RIP: Over 100 newspapers dumped in year, ads down 50%, circulation hits bottom
The demise of big city print media, displayed in full by the painfully slow sale of the mammoth New York Daily News, is going nationwide as ad sales decline 50 percent and circulation plummets, according to a new Pew Research Center analysis.
China’s RMB leaps to 5th Place in global currency rankings, overtakes Canada, Australia in...
Within nearly and only one year at seventh place, China's renminbi (RMB) leaps to fifth place of world payment currencies since November 2014, overtaking both the Canadian dollar and the Australian dollar by value.
China have 30,000 tonnes of gold in reserves and link Yuan in 3 Years
China could actually be holding as much as 30,000 tonnes of gold in various government accounts and that within the next three years the nation will link the yuan to gold.
