The creation of a new common currency will be one of the main questions on the agenda at the BRICS summit in South Africa in August. But there are still many obstacles to overcome before breaking free from the almighty dollar.
Tag: dollar
The Brazilian president, back in power after more than a decade later, has not lost his vision of a post-Western world in which the BRICS would occupy a central place. Lula’s visit to Beijing puts such a vision front and center on the global agenda.
Sure, financial instability in the U.S. and the weaponization of the dollar have raised crucial questions about how long the dollar can remain the world’s de-facto currency. But France’s leading business daily says don’t expect major changes any time soon.
The European single currency is emerging as the new global provider of liquidity to the international financial system.
As U.S. hegemony fades, the dollar has become the worst currency in the world — expect, of course, for all the others.
Donald Trump’s all-out trade war has a singular source of ammunition, even as China is pushing to make the RMB a global currency on par.
TOKYO — Since Japan“s fiscal year starts in April each year, it is in May that the country’s major corporations announce their financial statements for 2017. Most top Japanese companies have had notably great results. The net profits of Toyota and Mitsubishi, for example, hit new all-time highs for their three and ten-year results respectively. […]
After last week’s sham election, the international community — starting with the nations of Latin America — need to isolate Maduro and encourage peaceful, democratic regime change.
Prospects of a rising dollar in 2018 could push developing countries like Argentina to take conservative measures like raising interest rates and curbing deficits.
-Analysis- BUENOS AIRES — Argentines are surprised when they hear Europeans are worried the dollar is becoming cheaper. But there’s reason for it. Cheaper dollars mean that foreign products will flood the old continent, which, of course, is good for importers. In Argentina, most people believe that a strong peso is better than a weak […]
-Analysis- Populists sometimes have good ideas. Taking advantage of historically low interest rates to launch a stimulus plan, for example, is a good idea. Standing up to China, which is massively subsidizing its steel exports and restricting freedom to invest in the country through law and might, is another good idea. So too is rethinking […]
Many countries agree that the U.S. politicizes the dollar by punishing nations who don’t abide by U.S. sanctions. With this American approach comes isolation, and the risk of the dollar being replaced as global currency.
-OpEd- PARIS — Here we are amid a global rise in military conflicts and political tensions — wars in the Middle East, Ukraine, the exclusion of Russia from the G8, conflicts in the South China Sea, Argentina’s debt default, among others. A century after the start of World War I, the planet seems to have […]
How did the Argentine economy arrive at a point of complete exhaustion, asks Brazil’s leading daily. Here’s a checklist of the errors made over the past decade.
The popular President is leading ahead of Sunday’s vote. But in the long-term, economists say Ecuador must diversify — and dump the dollar as official currency.
Top Congolese leaders say it’s time the DRC got off the US currency and returned to the local franc. But ending “dollarization” comes with risks if not done properly.
MOSCOW – President Vladimir Putin recently announced that this year was a record year for Russian weapons exports, with $15 billion in contracts for next year and $14 billion worth of weapons that have already been sold in 2012. This past year the main customers for Russian weapons were once again India, Algeria and Vietnam. […]
SANTIAGO – The U.S. Federal Reserve’s recently announced stimulus package, designed to strengthen the American economy, offered a clear reminder of the huge gap that exists today between Mexico and the rest of Latin America. While Mexico enthusiastically applauded the Fed’s decision to begin pumping $40 billion per month into the U.S. economy through the […]