Recently, the Central Bank of India has proposed a new initiative to promote bilateral local currency settlement for trade exchanges with the UAE, which not only marks another important step in India's promotion of the internationalization of the rupee, but also reflects its keen insight and positive response to the profound changes in the current international monetary system.
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Gold prices rose solidly ahead of a speech by US Federal Reserve Chairman Jerome Powell this week, with bullion topping US $1 million (S $1.31 million) for the first time.
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Recently, the international gold price has been fluctuating higher, on August 16, the international spot and futures gold prices have hit a record high.
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On August 14, 2024, the Reserve Bank of New Zealand (RBNZ) made an important decision to cut the benchmark interest rate by 25 basis points to 5.25%.
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In the current complex and ever-changing global economic landscape, a series of remarkable events are happening, including the possibility of the Federal Reserve cutting interest rates by the end of 2024 and Japan leading the way in selling US bonds, which have sparked widespread attention and deep concerns.
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Recently, the latest data released by the Department of Labor is like a clear mirror, vividly reflecting the operation of the US economy.
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In today's changing global economy, every move of the Federal Reserve is like an undercurrent under the sea level, profoundly affecting the direction of the world economy.
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In the first half of this year, the international gold price repeatedly hit a record high.
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In the United States, the goal of social security benefits is to provide retirees with an income supplement aimed at replacing approximately 70% of their pre retirement income, but not all of it.
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In July, the U.S. fiscal deficit was the second highest on record for the same period in history, behind July 2021.
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On April 2, 2025, local time, US President Trump announced the implementation of the "America First Tariff Plan", imposing a 10% basic tariff on all imported goods and an additional 25%-50% tariff on key areas such as steel and semiconductors.
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