All posts in " dollars "

Europe running out of dollars as US coaxes companies to bring money home

By ethan / March 20, 2018

The European inter-bank market is going through the biggest shortage of US-dollar liquidity in nearly nine years. According to analysts, US tax reform may be behind the largest deficit since the financial crisis. As the Federal Reserve took a more hardline position towards the US monetary policy, LIBOR, a benchmark rate tied to finance products […]


Cryptocurrency market loses over half a trillion dollars this year

By ethan / February 6, 2018

The biggest sell-off in cryptocurrency market history has wiped out around $ 550 billion since January 7, when the market capitalization reached a record $ 836 billion. Read more On Tuesday, the cryptocurrency market capitalization sank below $ 300 billion for first time since November, according to CoinMarketCap data. The top 10 digital assets by […]


Turks follow Erdogan's call to get rid of dollars & buy gold

By ethan / November 15, 2017

Published time: 15 Nov, 2017 10:42 The latest World Gold Council report shows Turkey has sharply ramped up gold buying with both the central bank and ordinary people joining the rush. “Bar and coin purchases, a measure of investment demand, were 47 metric tons so far in 2017, compared with 14.8 tons in the same […]


Russia to invest billions of dollars in Saudi Arabia’s future megacity

By ethan / October 26, 2017

Published time: 26 Oct, 2017 09:35 Russia wants to be an investor in Saudi Arabia’s project to build the Neom megacity, which will be 33 times bigger than New York City. The project will be financed by the Saudi government and private investors and powered entirely by wind and solar energy. “The Russian Direct Investment […]

Show Buttons
Hide Buttons