As the United States expands its proxy war against Russia and the BRICS nations through a newly discovered secret deal with Saudi Arabia to force down global oil prices, Russia is firing back to this monetary attack against their currency … Read the rest
China, the world’s top coal importer, will levy import tariffs on the commodity after nearly a decade, in its latest bid to prop up ailing domestic miners who have been buffeted by rising costs and tumbling prices.
The sudden move … Read the rest
Shares across the world fell sharply on Friday, pushing a global index to a six-month low, as investors worried about the prospect of a widespread economic slowdown while U.S. monetary stimulus nears its end.
Assets which depend on economic growth, … Read the rest
The issue of whether the Chinese should be part of the International Monetary Fund’s Special Drawing Right, the composite reserve currency used in official financing, is highly technocratic, but the political questions at stake go to the core of world … Read the rest
The European Central Bank, or ECB’s mandate is to keep the euro stable and keep inflation low. But critics claim it has since strayed into policy making.
Germany’s Constitutional Court referred a decision on the question to the Luxembourg court … Read the rest
These latest design VVER1200 NPP’s have 60 year life span, with 20% reduction in build cost and time, and 10% reduction in operating cost.
Turkey ordered 4 of these NPPs. Same process as SA: State deal subsequently approved by parliament. … Read the rest
The signing in Vienna – at the margins of the 58th session of the International Atomic Energy Agency General Conference – of a strategic nuclear partnership between Russia and South Africa, has met with criticism from the mining sector.
The … Read the rest
In a radio interview recently Alasdair Macleod was asked a question to which he could not easily give a satisfactory reply: if the gold market is rigged, why does it matter?
I have no problem delivering a comprehensive answer based … Read the rest
The China Gold Congress is currently in full flight in Beijing. The three day Congress is China’s biggest gold industry event of the year, drawing in participants from across the Chinese and international gold sectors including central banks, mining companies, … Read the rest
Despite the sanctions, Russia is still key strategic partner for German businesses, Michael Harms, Chairman of the German-Russian Chamber of Commerce in Moscow, said Thursday.
“Unfortunately, the paradigm of our cooperation has changed significantly. At the beginning of the year … Read the rest
An independent Scotland could lay claim to a part of the United Kingdom’s 310-tonne gold reserves if votes go in favour of the “Yes” campaign this month, with ownership of Britain’s bullion hoard up for negotiation along with other assets.… Read the rest
Argentina, which defaulted on its debt in July, will receive the first tranche of a multi-billion dollar currency swap operation with China’s central bank before the end of this year, the South American country’s La Nacion newspaper reported on Sunday.… Read the rest
It starts out un-alarmingly. The optimism of German consumers weakens somewhat, according to the forward-looking Gfk survey, conducted on a monthly basis for the European Commission. So the overall index fell to 8.6 for September, from 8.9 in August. It … Read the rest