The establishment on this week of the BRICS Development Bank and the contingency reserve arrangement (CRA) help promote a multilateral financial diplomacy advocated by China, writes People's Daily Online. In recent years, China's diplomacy has come under a lot of pressure. With the help of...
Read More
The leader of the worldwide movement of MMM – Sergei Mavrodi declared about the launch of the Chinese version of the website. He also positively commented on the work of the MMM global team in other areas. In particular, an active growth of the system...
Read More
The General Manager of the Bank for International Settlements Jaime Caruana recently warned that the global financial system is currently "more fragile" in many ways than it was just prior to the collapse of Lehman Brothers. Cited by The Economic Collapse he ominously declared that...
Read More
Valentin Katasonv, the prominent Russian econimist, predicts the end of the institution of banking secrecy. He claimed about it in his article published on the Strategic culture Foundation website. He considers the signing of the declaration on the implementation of an automatic tax information exchange system...
Read More
The new international financial institutions that Brazil, Russia, India, China and South Africa are creating this week at their summit meeting in Brazil, are more than just a political gesture: it is a threat to the global financial system and a bargaining tool, writes Bloomberg...
Read More
The world has made progress in eradicating extreme poverty, but around one in five people in developing regions still live on less than $1.25 per day, according to the UN Millennium Development Goals (MDG) report 2014. Despite achieving the MDG goal of halving global poverty before...
Read More
Standard & Poor's Ratings Services decided to settle a pending lawsuit with the U.S. Department of Justice (DOJ) and is open to paying about $1 billion to settle it, the Wall Street Journal reported. The DOJ filed a $5 billion lawsuit against S&P, a unit of...
Read More
European Union must learn to appreciate the ‘Chinese model’, author of new report says. The “successful Chinese model” is increasingly being copied by other countries, an expert on EU foreign policy says. Stephan Keukeleire says this seems to be a “more attractive mode” for developing and...
Read More
88% of all treasury bonds issued this year, were "monetized" by the Federal Reserve System, reports the American economist John Williams. This is significantly higher than last year - according to Williams, in 2013, FRS bought 76 % of treasury securities of the United...
Read More
Between 2009 and 2012, the federal government recorded the largest budget deficits relative to the size of the economy since 1946, causing its debt to soar, said the USA Congressional Budget Office (CBO) report about long-term budget perspective of the country. The total amount...
Read More