Auto Added by WPeMatico

Putin Reveals Over 85% of CIS Trade Now in National Currencies

Russian President Vladimir Putin announced that more than 85% of trade within the Commonwealth of Independent States (CIS) is now conducted in national currencies, highlighting a move toward greater financial…

Continue ReadingPutin Reveals Over 85% of CIS Trade Now in National Currencies

Bitcoin Is Digital Oil Well Fueling Rural Texas Economic Revival, Mayor Says

Mayor Ward Roddam of Rockdale, Texas, sees bitcoin mining as the key to his town’s resurgence after the devastating closure of its largest employer, Alcoa. Comparing it to Texas’ oil…

Continue ReadingBitcoin Is Digital Oil Well Fueling Rural Texas Economic Revival, Mayor Says

Impact of Fed Rate Cuts on Crypto Markets, Bybit Executive Weighs In

Bybit’s head of institution has shared his insights into the possible effects of the Federal Reserve’s rate cuts on the cryptocurrency market. “We anticipate that the recent rate cut could…

Continue ReadingImpact of Fed Rate Cuts on Crypto Markets, Bybit Executive Weighs In

UBS Urges Caution Despite Positive US Economic Data

UBS reported on Friday that U.S. stocks extended their rally as new economic data, including a 1% rise in July retail sales, eased concerns about a potential recession. Despite the…

Continue ReadingUBS Urges Caution Despite Positive US Economic Data

JPMorgan Prepares Investors for September Rate Cut With Dual Investment Approach

Favorable economic data this week bolstered market confidence, leading to a strong rally in equities, JPMorgan explained in a report published on Friday. With the Federal Reserve now likely to…

Continue ReadingJPMorgan Prepares Investors for September Rate Cut With Dual Investment Approach

India and Russia to Enhance Trade With Rupee-Ruble Payments

India and Russia are discussing ways to enhance bilateral trade by adopting payments in their national currencies and reducing non-tariff barriers. The talks aim to facilitate rupee-ruble trade and address…

Continue ReadingIndia and Russia to Enhance Trade With Rupee-Ruble Payments

Rich Dad Poor Dad Author Calls Evergrande a ‘House of Cards’ While China’s Officials Prep for Firm’s Demise

The world is still focused on the financial downfall of China’s real estate giant Evergrande and according to Chinese authorities have told the private sector to get “ready for the…

Continue ReadingRich Dad Poor Dad Author Calls Evergrande a ‘House of Cards’ While China’s Officials Prep for Firm’s Demise

Evergrande Losses Sparks Fear of Looming Credit Contagion, Janet Yellen Asks to Raise US Debt Ceiling

Global investors have their eyes peeled on the Evergrande Group or the Evergrande Real Estate Group, China’s second-largest property developer by sales. Evergrande Group shares nosedived on Monday dropping to…

Continue ReadingEvergrande Losses Sparks Fear of Looming Credit Contagion, Janet Yellen Asks to Raise US Debt Ceiling