Energy-exporting countries are set to pull their “petrodollars” out of world markets this year for the first time in almost two decades, according to a study by BNP Paribas.
Driven by this year’s drop in oil prices, the shift is … Read the rest
Tag: BNP Paribas
US blackmailing French banks says Putin
Vladimir Putin said that Russia was aware of pressure that the United States puts on France over the deal to build the Mistral warships for Russia and views it as blackmail, RIA reports. “What is being done now with the … Read the rest
The euro will remain the world’s favourite tradeable currency
With the rise of Bitcoin and general hostility towards so-called fiat currencies, notwithstanding the euroskeptic animosity towards the euro, many people are speculating about the ultimate demise of the euro. However, as French politician Marine Le Pen recently intimated to … Read the rest
BNP Paribas fine: are $10 billion too much?
Forget the 70th anniversary of the Normandy landings and the elaborate preparations to celebrate later this week the liberation of France by its allies. Forget “Lafayette, nous sommes ici”, which General John Pershing is supposed to have said when the … Read the rest
US bullies French bank BNP Paribas
France would defend the interests of bank BNP Paribas after the information appeared that it faced the prospect of over a $10 billion fine from the United States on charges of violating sanctions on Iran and Sudan, the country’s foreign … Read the rest