BRICS is hardly using the US dollar for trade, as the latest data from the VTB Bank shows that the bloc has settled 60% of cross-border transactions in local currencies.…
Russian President Vladimir Putin is in India, holding talks with Prime Minister Narendra Modi in New Delhi. The two-day visit will rewrite trade deals, forge new agreements, and reshape policies.…
Russia is considering selling pork exports to its BRICS counterpart China in local currencies, such as the ruble and Chinese yuan. The US dollar will be phased out in the…
India Russia trade in local currency has actually reached over 90%, and this development has catalyzed various major shifts in bilateral commerce. Russia’s First Deputy Prime Minister Denis Manturov confirmed…
Dilma Rousseff, the President of the New Development Bank (NDB), announced that BRICS will fund climate finance in local currencies. She explained that the bloc is focusing on environmental protection…
The New Development Bank (NDB), commonly called the BRICS bank, has approved loans for 120 projects worth nearly $40 billion. The loans were disbursed for key sectors such as clean…
BRICS members Egypt and Belarus have agreed to create an electronic trading bridge to facilitate trading in local currencies. A high-level delegation from the Belarusian Universal Commodity Exchange (BUCX) visited…
“Dynamic & Spot-On” – Yulia Tereshchenko on Finance Magnates
“Dynamic & Spot-On” – Yulia Tereshchenko on Finance Magnates
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Chinese investors have borrowed a record amount to buy local stocks, offering risk-on cues to global markets, including cryptocurrencies. However, crypto traders still appear to be more cautious.According to Bloomberg,…
The crypto market succumbed to a significant amount of bearish pressure starting on Thursday, August 28, with most large-cap assets tumbling to new lows on Friday, August 29. The price…