China is at the center of the discovery of what may be one of the biggest gold counterfeiting scandal in recent history. According to a report in Zero Hedge, not only does it involve China, but it emerges from a city that has become synonymous for all that is scandalous about China: Wuhan. The 83
Pandemic, Recession: The Global Economy in Crisis Global Outlook: Pandemic, Recession: The Global Economy in Crisis. The COVID-19 pandemic has, with alarming speed, delivered a global economic shock of enormous magnitude,leading to steep recessions in many countries.The baseline forecast envisions a 5.2 percent contraction in global GDP in 2020—the deepest global recession in eight decades,
The World Bank’s International Comparison Program has just released its latest measures of price levels and GDP across 176 countries – and the results are striking. For the first time, the ICP finds that China’s total real (inflation-adjusted) income is slightly larger than that of the US. In purchasing power parity (PPP) terms, China’s 2017 GDP was
Gold prices in India remained choppy throughout the week and ended moderately higher on Friday. June gold futures on MCX rose 0.27% to ₹46,530 per 10 gram. However, silver prices surged on Friday with July futures on MCX rising 3.27% or ₹1,538 to ₹50,096 per kg, tracking a surge in global rates. Domestic gold prices include 12.5% import
Gold prices rallied nearly 1% on Friday, following worse than expected personal spending and weak manufacturing figures. Concerns over the US and China’s locking heads are also helping to buoy the yellow metal. The dollar continued to move lower as yields edge slightly lower, which helped buoy the price of gold. Technical Analysis: Gold prices
Gold futures jumped late in the session on Friday even after U.S. equity investors breathed a sigh of relief after President Donald Trump signaled no changes to the trade deal with China despite rising tensions. During a much-awaited news conference, Trump said he would take action to eliminate special treatment towards Hong Kong. However, he
Lenders of Reliance Naval and Engineering Ltd have sought expressions of interest (EoIs) from buyers to acquire the bankrupt shipbuilder under the insolvency and bankruptcy code. The second Anil Ambani-controlled Reliance Group firm to go for insolvency after Reliance Communications Ltd, Reliance Naval now admitted for insolvency proceedings on 15 January by the Ahmedabad bench
For the first time in 30 years, Beijing has decided not to set a growth target due to "great uncertainty" sparked by the corona virus pandemic. The world's second-biggest economy shrank 6.8% in the first quarter of 2020. China's government pledged Friday to focus on fighting the corona virus pandemic and reviving its battered economy
Chinese Premier Li Keqiang has admitted the country faces major challenges. It is struggling to keep its economic growth up. DW's Dang Yuang argues that one-party rule is not tenable if the problems continue. It was all over within half an hour. Half an hour during which the majority of the delegates of the National
The 'Fitch Ratings Agency' an independent and renowned rating agency in the World published a report for India's DEBT - GDP ratio for financial years 2020 and 2021. The Indian government has less fiscal room to support the economy compared to many of its peers and the country's credit profile would weaken if a wider fiscal deficit
