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…
Brazil’s Finance Minister Fernando Haddad criticized the White House for weaponizing the US dollar and said in a television interview with UOL that BRICS has a right to uphold trading…
The BRICS de-dollarization reversal has actually become quite apparent as member countries are now stepping back from their ambitious plans to create a unified currency that would challenge the US…
The cryptocurrency industry is abuzz with speculation after recent reports suggested China may soften its stance on a yuan-backed stablecoin, but law experts caution against overinterpreting the news.Reuters reported Wednesday…
Plus500 (LON: PLUS) is continuing its expansion in the Americas and is now seeking a licence in Chile, FinanceMagnates.com has learned. It has already established a local entity in the…
The majority of the world is now moving towards pursuing a local currency trade, an option that has gained significant steam, primarily due to the weakening US dollar. The US…
Oil refiners around the world are now demanding the US dollar for payment settlements and not local currencies. The development helped push the DXY index to the 100.20 level in…
Tickmill, a well-known contract-for-difference (CFD) broker, has entered Oman to expand its presence in the Middle East. The broker aims to make Muscat its regional hub, offering local support to…
The World Gold Council published a report on Wednesday, highlighting that Central Banks around the world are buying the precious metal through small-scale domestic miners, paying in local currencies. They…
The New Development Bank (NDB), commonly called the BRICS bank has expanded lending in local currencies. The bank is moving away from the US dollar and prioritizing currencies of member…