Consumers in the eurozone have raised their expectations for inflation significantly in the coming months, the European Central Bank has revealed. Survey data showing this comes after the monetary authority slowed the pace of rate […]
Warren Buffett, CEO of Berkshire Hathaway and one of the most famous investors in the market, said that he saw no viable alternative to be the world’s reserve currency other than the US dollar. However, […]
Efforts to switch to trade in national currencies in the Shanghai Cooperation Organization (SCO) can no longer be stopped, according to Russian Foreign Minister Sergey Lavrov. During a meeting with his counterparts in India, Moscow’s […]
The European Central Bank (ECB) raised its main interest rates by 25 basis points, slowing the pace from previous increases. However, as inflation in the eurozone remains persistently high, rate hikes may be expected in […]
2023 has been a rollercoaster ride for the US banking industry. The collapse of the big three banks has sent a shock wave through the financial world, with their combined assets surpassing the top 25 […]
The Bank of Russia has raised its forecast for Russian bank profits in 2023, expecting results that could break the 2021 record. This year’s high number comes as 2022 became the worst annual period in […]
With the recent takeover of First Republic Bank, the fourth US bank to fail this year, I am concerned about the potential consequences of this new failure on the US and international economies. Although US […]
The governments of India and Russia are considering integrating some of their payment systems, to counter the potential effect of future US sanctions on each country’s capital flows. The deal would include the integration of […]
Gold companies operating in China increased their production levels in the first quarter of 2023. According to industry reports, the Chinese gold industry has managed to recover its extraction levels, reaching the numbers it saw […]
The BRICS bloc is now focused on expanding the use of its members’ currencies, according to a representative of one of them. Establishing a single currency for the group is not an immediate task at […]
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