User: newstrust Topic: Business
Category: Global Economy :: Currency
Last updated: Jul 07 2020 19:20 IST RSS 2.0
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A historian explains how America will collapse by 2025 — using 4 different scenarios 7.7.2020 Raw Story
This story first ran in December, 2010.  A soft landing for America 40 years from now? Don’t bet on it. The demise of the United States as the global superpower could come far more quickly than anyone imagines. If Washington is dreaming of 2040 or 2050 as the end of the American Century, a more […]
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Markets tank on concern about virus impact on world economy 24.2.2020 Minnesota Public Radio: Business
South Korea, Iran and Italy reported a large jump in new cases, potentially disrupting the world economy more deeply than expected. 
Could cryptocurrency dethrone the dollar? 1.9.2019 Raw Story
Bank of England governor Mark Carney has suggested that a virtual currency, modelled on Facebook’s Libra, could one day replace the dollar as king of the foreign exchange market. The BoE chief aired vague proposals for a so-called “Synthetic Hegemonic Currency” at the recent Jackson Hole Symposium of central bankers. Here is a brief assessment […]
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Cash-back guarantee: The U.S. redeems damaged bills because the dollar depends on it 11.8.2019 Minnesota Public Radio: News
The U.S. Treasury reviews some 24,000 cases a year and reimburses around $30 million to people whose money has been burned, soaked by flooding or otherwise damaged. This service helps underpin the dollar's integrity.
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Policymakers tremble as Trump’s trade war widens 7.8.2019 Raw Story
Longstanding warnings from economists of global spillover from the US-China trade war appear to be materializing, with a trio of central banks springing surprise rate cuts on Wednesday. The monetary policy moves in India, New Zealand and Thailand came as industrial production in European powerhouse Germany fell back in June, adding to uncertainty in the […]
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Opinion: President Trump weakens China's currency, cries foul 7.8.2019 LA Times: Opinion

U.S. tariffs drive down the demand for China's currency, and China decides to let the market work. The Trump administration responds by labeling China a currency manipulator. Say what?

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US officially labels China a 'currency manipulator' 6.8.2019 BBC News - US & Canada
Washington accuses Beijing of devaluing the yuan, a statement likely to intensify trade tensions.
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Pound heads for two-year low as holidays begin 9.7.2019 BBC: Front Page
Brexit uncertainty coupled with an economic slowdown has pushed sterling to April 2017 levels.
Open Forum 5.7.2019 Outside the Beltway
Where you can't be off topic because there IS no topic.
Bank on the People Instead of Wall Street Parasites 1.5.2019
The financialized economy has become a parasite feeding off the real economy, driving workers further into debt.

The post Bank on the People Instead of Wall Street Parasites appeared first on Truthout.

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Cross-border fintech startup Airwallex raises $100M at a valuation of over $1B 26.3.2019 TechCrunch
Australia-based Airwallex is the latest tech startup to enter the billion-dollar ‘unicorn club.’ The company announced today that it has closed a $100 million Series C round that values its business above $1 billion. Started in Melbourne in 2015 by four Chinese founders, Airwallex provides a service that lets companies manage cross-border revenue and financing […]
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'Success is not the only thing you should pursue' 20.3.2019 Rediff: Top Stories (India)
'What is forgotten but is actually as important for a society's long run success is morality.''Morals and trust are the nuts and bolts of an economy.''Without those you can get short run success, but not long-run development.'
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Reality Check: Why has Zimbabwe hiked petrol prices? 19.1.2019 BBC: Front Page
The government increased fuel prices by more than double, but what is behind the sudden price increase?
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Letter from Africa: Despair, anger and anxiety in Zimbabwe's fuel queues 15.1.2019 BBC: Front Page
Brian Hungwe reflects on the impact of inflation on the the lives of Zimbabweans.
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Zimbabwe currency crisis: No cash, no bread, no KFC 12.10.2018 BBC: World
A deepening unease is settling over Zimbabwe as the country's fragile local currency loses value at alarming speed.
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Argentina raises rates as peso plummets 30.8.2018 BBC: Business
Central bank raises benchmark interest rate in an effort to stabilise the country's financial crisis.
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Is King Dollar really under threat? I (sort of) hope so. 18.5.2018 Washington Post
Is King Dollar really under threat? I (sort of) hope so.
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Iran sets single foreign exchange rate to rescue currency 10.4.2018 BBC: Business
Tehran sets a new, single exchange rate after the rial lost 20% against the dollar in two weeks.
A Brief History on Gold in America 10.4.2018 The Moderate Voice

“There’s Gold in Them Thar Hills!” Most of us have heard that old saying before. We’ve heard it in cartoons, and in old songs. It’s an expression and a call to action referring to the California Gold Rush, which began in 1848. The saying was first in print in Mark Twain’s 1892 novel The American [...]

The post A Brief History on Gold in America appeared first on The Moderate Voice.

Economic Survey pegs GDP growth at 7-7.5% in 2018-19 30.1.2018 National News – The Navhind Times

IANS NEW DELHI Analysing all facets of development and reform, India’s Economic Survey for 2017-18 has pegged the country’s growth at 6.75 per cent for the current fiscal and 7 to 7.5 per cent for 2018-19 while cautioning that increase in crude oil prices in international market may dampen the spirit. “A series of major ...

The post Economic Survey pegs GDP growth at 7-7.5% in 2018-19 appeared first on The Navhind Times.

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