With Beijing pushing for greater use of the yuan internationally, the Chinese currency could rise to the status of the world’s third-largest reserve currency in 10 years, according to a forecast by Morgan Stanley.
Goldman Sachs will not face criminal charges over its alleged role in the theft of billions of dollars from Malaysia’s government investment fund, 1MDB, after the Wall Street bank agreed to pay $4 billion in compensation.
The price of gold is set to beat all forecasts while the dollar’s value will fall further, as the Fed continues its money-printing policies, CEO of Euro Pacific Capital Peter Schiff has told RT’s Boom Bust.
Australian stocks led the losses in the Asia Pacific, tumbling over 3 percent as the region’s major stock markets plunged on Friday, following a massive tech-led sell-off on Wall Street.
Job cuts announced by US employers have hit nearly 2 million so far this year, with the entertainment industry accounting for 40 percent of total layoffs, according to global outplacement firm Challenger, Gray & Christmas.
The price of gold is set to beat all forecasts while the dollar’s value will fall further, as the Fed continues its money-printing policies, CEO of Euro Pacific Capital Peter Schiff has told RT’s Boom Bust.
With Beijing pushing for greater use of the yuan internationally, the Chinese currency could rise to the status of the world’s third-largest reserve currency in 10 years, according to a forecast by Morgan Stanley.
Goldman Sachs will not face criminal charges over its alleged role in the theft of billions of dollars from Malaysia’s government investment fund, 1MDB, after the Wall Street bank agreed to pay $4 billion in compensation.
Australian stocks led the losses in the Asia Pacific, tumbling over 3 percent as the region’s major stock markets plunged on Friday, following a massive tech-led sell-off on Wall Street.
Investors dumped technology shares and drove all US stock market indices sharply down after the previous day’s high note. Oil and gold also dropped, as analysts struggled to explain the cause behind the sell-off.
Job cuts announced by US employers have hit nearly 2 million so far this year, with the entertainment industry accounting for 40 percent of total layoffs, according to global outplacement firm Challenger, Gray & Christmas.
With gold prices rising, veteran RT host Max Keiser sat down with financial journalist and author of the ‘The Big Reset’, Willem Middelkoop, to discuss the metal’s dominance on the financial market.
Pakistan has surprisingly risen to become Asia’s best-performing stock market and the fourth-best performer in the world, defying the odds amid the coronavirus outbreak.
The world’s top oil exporter, Saudi Arabia, continues to try to tighten the world’s most transparently reported oil market by slashing crude oil shipments to the United States to the lowest levels in decades.
US oil major Exxon Mobil signaled it may downsize its staff worldwide after offering voluntary redundancies among its Australian workforce to mitigate the aftermath of the coronavirus crisis.
The European Central Bank (ECB) failed to get inflation to its target as the eurozone slid into deflation for the first time in years amid coronavirus chaos.
Goldman Sachs expects Brent crude to reach $65 a barrel in the third quarter of 2021, although it could end the year lower, at $58 a barrel, according to Goldman Sachs analysts.
Jobless claims in the United States have fallen to their lowest point since the beginning of the Covid-19 closures. Meanwhile, as Congress debates the next steps for a Covid-19 relief package, the Congressional Budget Office is projecting that the...
Max and Stacy look at a recent opinion pushed on National Public Radio calling for the looting of small businesses as a way to exact economic justice. They look at the moral code that has trickled down from central banks and private equity who...