By Rhod Mackenzie
The Presidents of Brazil and South Africa, Luis Ignacio Lula da Silva and Cyril Ramaphosa, respectively, speaking on Friday, June 23, at the plenary meeting of the World Economic Forum in Paris, said that the upcoming BRICS summit will also discuss the currency issue. We are talk...
The profits of China's industrial enterprises above a designated scale hit 2.67 trillion yuan ($369.37 billion) from January to May in 2023, declining by 18.8 percent year-on-year, narrowing 1.8 percentage points over the January-April reading as Chinese economy continued to recover, the National Bu...
By Genevieve Donnellon-May and Filipe Porto
China’s Ministry of Agriculture and Rural Affairs (MARA) has announced a three-year plan to reduce the amount of soybean meal in animal feed to help decrease reliance on imports. The proportion of soybean meal in the feed will be cut from 14.5% in 2022 t...
The New Development Bank (NDB), also known as the "BRICS bank," is in talks with Saudi Arabia on admitting the Middle Eastern nation as its ninth member, which would strengthen the NDB's funding options amid the impact of the Russia-Ukraine conflict, according to media reports.
"In the Middle East...
Oil prices rose slightly in early Asian deals on Wednesday, June 28, after published statistics showed that crude oil inventories in the US declined last week. At the same time, the expectation of new signals about world interest rates keeps traders on their toes. If rates continue to rise, this wil...
By Rhod Mackenzie
The independent analytical center "Official Forum of Monetary and Financial Institutions" (OMFIF), of course, could not pass by the de-dollarization that was gaining momentum, i.e. the process of losing the status of the dominant currency by the US dollar, and conducted a survey...