Russian Finance Minister Anton Siluanov said that Russian companies have started using bitcoin and other cryptocurrencies in international settlements. This was made possible by changes in legislation aimed at circumventing Western sanctions.Economic restrictions have made it difficult to trade with key partners such as China and Turkey, as local banks avoid transactions with Russia for fear of sanctions. In response, Russia allowed the use of cryptocurrencies in international trade and took ste... Read More
The April reading for the US industrial production data recorded a significant surge compared to... Read More
Talks between Australia and Hong kong are set to discuss the free trade agreement and negotiate... Read More
Aside from the victory of Portugal in the Eurovision Song Contest, its economy accelerated at its... Read More
The International Monetary Fund says that Germany should consider loosening up and boost its... Read More
The export data of Thailand for first quarter moved at its most rapid “quarterly pace” in the ... Read More
A highly positive retail sales data for the US economy has further reaffirmed speculations that... Read More
The economy of China further provided below-expected results of its economic indicators as the... Read More
For the first quarter of 2017, the German economy is performing well, pushed by construction... Read More
In a data released by the United Nations Economic and Social Survey of Asia and the Pacific earlier... Read More
India’s inflation rate narrowed down because of lower food prices for the month of April. However, t... Read More
The household debt of Ireland had collapsed for more than 20 times which appeared to be much apace... Read More
ECB’s Mario Draghi and Dutch lawmakers from The Hague are now in conflict following discussions on ... Read More
The International Monetary Fund issued a regional forecast for India this month and predicted that... Read More
The Bitcoin attained a record high on Tuesday because of an upsurge demand for crypto-assets and... Read More
President Trump has fired FBI Director James Comey yesterday in a sudden turn of events in the... Read More
The common European currency tumbled on Monday from its highs due to the triumph of centrist wing... Read More
The US economy’s long-term interest rates could be in for an upward pressure in the long haul as t... Read More
Both imports and exports of China soared in April but were below expectations of analysts since... Read More
Khalid Al-Falih, oil minister of Saudi Arabia showed confidence with regards to the deal to limit... Read More
The US Labor Department has released its US job report for April, wherein it indicated that... Read More
The central bank of Australia made some slight changes in its GDP rate and inflation projection... Read More
The growth of annual exports in March has been sluggish as shown in the government data released on... Read More
The MXN experienced downward pressure after trade war anxieties stemming from Trump’s tough take o... Read More
The economy of Indonesia is anticipated to gain momentum in the first quarter because of growth in... Read More
The Indian Rupee (INR) strengthened against the American dollar, while the masala bonds could take... Read More
The US economy has recently recorded its slowest growth rate within a three-year period during the... Read More
Singapore labeled as the Lion City is expected to wrap up the year reaching 1.9% growth in the... Read More
The Securities and Exchange Commission has allowed a quadruple leverage in exchange traded funds... Read More
Members of the financial industry are no longer expecting the Federal Reserve to push through with... Read More
The Reserve bank of Australia kept their rates unchanged for nine succeeding months on Tuesday... Read More
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