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RBA shows the Risks of Debt implosion in China
Phil Lowe Governer of RBA has explained the debt risks faced by China, denouncing the fast piled up debt since 2009 and its opaque financial system.
Rising Geopolitical Tensions boost Precious Metals prices
Gold prices are up as new pressures with North Korea have pushed investors into less risky assets.
Venezuela Oil Markets on Reprieve
For the moment, the US government has chosen not to hit the Venezuelan oil sector with the most severe sanctions in spit of the re-election of President Nicolas Maduro as an " imposture. "
Rio Tinto sells its Grasberg mine assets for $3.5 billion
Rio Tinto (ASX, LON, NYSE: RIO), the world's 2nd largest miner, has announced that it is ready to sell its participation in the giant Grasberg mine, the world's largest gold mine, to Indonesian state-owned mining holding Inalum for $3.5 billion.
U.S. National Debt Reaches Record $21 Trillion
United States national debt exceeds $21 trillion for the first time in history.
Trump defies the laws of economics
Donald Trump's request , for China to reduce its trade deficit with the United States by $200 billion over two years is a major political challenge.
U.S.-China Trade Negotiations Support Gold Price
Recently, gold prices have risen largely due to geopolitical uncertainty, complicated trade negotiations between the United States and China, and the relatively stable dollar.
Bitcoin Falls Below $8,000
The famous cryptocurrency Bitcoin drops below $8,000.
Bitcoin Falls Below $8,000
The famous cryptocurrency Bitcoin drops below $8,000.
Fed indicates it will let inflation run above 2 percent goal for 'temporary period'
The Federal Reserve minutes from its May meeting said "a temporary period of inflation modestly above 2 percent would be consistent with the Committee's symmetric inflation objective."