Posts tagged 'World Economy'

Ghana Negotiates to Barter Oil for Gold

November 28, 2022

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World Economy Warning Signs

The West African nation Ghana has reached a tentative gold-for-oil barter agreement with Emirates National Oil Co.

China Conducted World’s Largest Cross-Border CBDC Test

November 22, 2022

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World Economy Warning Signs

According to the Bank of International Settlement (BIS), China just finished a six-week cross-border CBDC test. The test was called Project mBridge.

Ancient & Beloved Story Echoes Warning (Preparation Parable)

November 22, 2022

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World Economy Warning Signs

From Zero to One: China Reports Covid Deaths

November 22, 2022

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World Economy Warning Signs

On Saturday, China reported its first Covid death in six months. On Sunday, China reported two more, totaling three for the weekend.

Japan Sells Foreign Reserves For the Third Straight Month

November 10, 2022

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World Economy Warning Signs

Japan’s Ministry of Finance (MOF) announced that Japan sold another 3.5% or $43.4 billion worth of foreign reserves in October.

Saudi Arabia Lowers Oil Prices for Asia and Raises Prices for Europe

November 10, 2022

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Economy World Economy

The goal of BRICS is to splinter the world into two economies by creating a basket of commodity-backed currencies to compete against the dollar.

Egypt Central Bank Committed to Moving Away from Dollar

October 26, 2022

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World Economy Dollar

At the IMF conference, Egyptian Central Bank Governor, Hassan Abdalla, stated Egypt would develop a currency indicator to distance itself from U.S. Dollar.

Japan Yen Passed Scary Benchmark Against the Dollar

October 25, 2022

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World Economy Warning Signs

For the first time since 1990, the U.S. Dollar reached 150.09 Japanese Yen briefly in overnight trading. Read more on why this matters to your portfolio.