The US and Vietnam are eyeing developing ties to a higher level, as Washington puts more efforts into using or forcing China’s neighbors to join the US-launched Indo-Pacific strategy and major power competition that aim to contain China’s development. Analysts […]
Gold prices climbed on Monday towards a one-month peak scaled in the previous session, supported by a slight pullback in the dollar and prospects that the U.S. Federal Reserve would take a pause from interest rate hikes this year. Spot […]
In his challenging new book The Power of Money, former Harvard economist Paul Sheard boldly says that “government debt never has to be repaid” provided the debt is denominated in the issuer’s own currency and that the currency is a […]
The British pound held steady on Friday as data showed that previous interest rate rises are beginning to weigh on housing and manufacturing, but official figures showed the economy fared better than previously thought through the COVID-19 pandemic. British factories […]
Red-hot inflation and a plunging peso have fueled calls for Argentina to ditch its currency. Economist Steve Hanke reiterated his view that the country should adopt the dollar as the means of exchange. “DOLLARIZATION is the only way to stop […]
Stocks, bonds and the dollar saw small moves after mixed economic data, with traders awaiting Friday’s jobs report for clues on the outlook for Federal Reserve policy. The S&P 500 edged higher, while still heading toward its worst month since […]
Six months after becoming the chief executive at Shell Plc, Wael Sawan quietly ended the world’s biggest corporate plan to develop carbon offsets, the environmental projects designed to counteract the warming effects of CO2 emissions. In an all-day investor event […]
Woolworths Holdings Ltd. plans to expand its South African food unit after the sale of Australia’s oldest department store chain, David Jones, removed about 18 billion rand ($969 million) in liabilities. The Cape Town-based retailer is opening more outlets that […]
Oil pared earlier gains as traders weighed additional Russian supplies against further Chinese economic stimulus, with thin summer volumes exacerbating swings. West Texas Intermediate traded near $80 a barrel. Russia’s seaborne crude flows soared to an eight-week high, countering a move by China’s […]
The UAE President has appreciated the BRICS leadership for including the Emirates as a member to “this important group”. BRICS is an acronym for the emerging economies of Brazil, Russia, India, China and South Africa. The bloc agreed at its […]
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