Found: 403

The Fate of the Dollar and the Prospects for BRICS Currency: What's Behind Putin's Statements?

... Dollar's Role in the Global Economy Since the end of World War II, the U.S. dollar has played a central role in the international economy. It has become the world's reserve currency, underpinning a significant portion of global trade and investments. Countries prefer the dollar for international transactions, while central banks hold significant portions of their reserves in dollars. The dollar's sustainable dominance is attributed to its high liquidity, stability, and the economic power of the United ...

Russia Launches Independent Gold Exchange: An Alternative to LBMA and a Step Towards Dedollarization

... certification designed to challenge the dictation of the LBMA. The practical realization of this strategy is represented by the launch of gold trading in St. Petersburg, which will open new avenues for Russian producers and foreign partners from friendly countries to conduct operations with precious metals. BRICS Countries and De-Dollarization The independent Russian gold market fits into the broader context of BRICS countries' efforts to diminish reliance on the dollar-based financial system. Russia ...

Global Energy Sector News for August 10, 2025: U.S. Threatens China with Tariffs, India Resists Pressure, Oil Market Stabilizes

On August 10, 2025, news in the energy sector captures the attention of specialists and investors. The sanctions pressure from the United States on oil and gas-exporting countries continues to have a significant impact on the global energy market. At the same time, we are observing a stabilization of oil prices and an increase in demand for coal, indicating new trends in the energy sector. In this article, we will analyze ...

Forecast of International Economy for 2025 According to Wells Fargo's "2025 International Economic Outlook"

... years. Key Trends U.S. Tariff Policy: Donald Trump is planning to impose tariffs on all imported goods (5%) and a 30% tariff on imports from China. These measures could hinder economic growth in both the U.S. and other nations. China, Mexico, and other countries closely tied to U.S. trade are particularly at risk of these changes. Federal Reserve Monetary Policy: The Federal Reserve is expected to continue reducing the federal funds rate, but with increased caution. The projected range for the rate ...

Energy News August 7, 2025: U.S. Pressures India, Petroleum Export, Oil Stabilization

... existing ones, resulting in a total U.S. tariff rate for Indian exports being doubled from 25% to 50%. According to the document, the increase will take effect in 21 days. Previously, Trump threatened "three-digit" tariffs (100% or more) against countries purchasing Russian oil if Moscow does not halt hostilities in Ukraine by August 8 — the date Washington has designated as a deadline. While specific figures for the new sanctions were not publicly clarified, the current move to double the ...