From CoinDesk The move would be a challenge to the U.S. dollar, which has dominated as the medium of exchange for the oil trade for decades. Saudi Arabia is in discussions with Beijing about pricing some Saudi oil sales to China in yuan instead of dollars, according to a Wall Street Journal report, citing people
From: S&P Global In early 2021 Russia secured an increase to its oil output quota under the OPEC+ agreement for February and March, the latest sign that Russia's comparatively strong economic position is allowing it to push for better terms under the deal. Economics is set to underpin future negotiations in 2021, with Russia likely
From Economist EACH DAY brings new horrors to Ukraine, where Russian artillery fire echoes like thunder across cities and towns. The metropolis of Kharkiv lies in ruins, a victim of two weeks of bombardment. Mariupol, on the coast, has been destroyed. It is too soon to know if a winner will emerge from the fighting.
From Coin Desk Back in 2012, as an excited economics undergrad, I decided I wanted to invest some of the money I had into bitcoin (BTC). It was a complicated process that involved driving to Walmart (WMT) and sending a MoneyGram money order to a company called ZipZap, which would then send my money to
From Forex Live: Instagram will implement NFT in a couple of months, Meta founder Mark Zuckerberg said. Despite the loud statement, it should be noted that all of Zuckerberg's projects related to digital assets previously failed and did not find wide support from the digital community. The head of Meta has a good sense of
Authored by Michael Maharrey via SchiffGold.com, Last week, I asked the question: is the US undermining the dollar’s credibility? It appears the answer is — yes. In another blow to dollar dominance, Saudi Arabia is reportedly considering pricing at least some of its Chinese oil sales in Petroyuan. According to the Wall Street Journal, the move would
From Zero Hedge: In the latest sign that western sanctions against Russia are really just that, and exclude much of the non-western world, Delhi announced overnight that it wants to keep its key trading partner on board despite Western attempts to isolate Moscow through sanctions with Reuters reporting that according to two Indian officials, India may take up
Currency Central Holdings Inc - @ www.currencycentralinc.com 3/11/2022 -- For years we have heard about a "One World Currency" and many thought the idea absurd. But now we are seeing the mechanics of how markets might be forced into a 'New Monetary Union' even if it's not exactly as some have envisioned. If we strip
From Coindesk 3 / 9 / 2022 Seizing Russian holdings of American debt risks the role of the U.S. in the international system and opens the door to gold and bitcoin. By Nic CarterLayer 2 Mar 9, 2022 at 10:39 a.m. ESTUpdated Mar 9, 2022 at 10:42 a.m. EST Amid the dying embers of World War II,
