Trump vows to defend US dollar hegemony, but is it under threat?
US President-elect Donald Trump has threatened retaliation against governments that challenge the US dollar, vowing "100 percent tariffs" on countries that undercut the US currency.The system has evolved since that time and several countries have stopped indexing their currencies to the dollar,
No Contest: Why Trump’s Tariff Threat Over The Dollar Seems Unnecessary
The dollar is the global reserve currency and there is no sign of that changing. People use it because it’s in their interest to do so. No one forces them. There is simply no currency out there in the world that can replace it in terms of volume or liquidity. It’s not even close.
Kremlin Says Trump Threat to BRICS Nations Over US Dollar Will Backfire
The Kremlin said on Monday that any U.S. attempt to compel countries to use the dollar would backfire after U.S. President-elect Donald Trump threatened to impose tariffs on BRICS countries if they created their own currency.
Yuan Weakens Amid Trump’s Tariff Threat on BRICS Countries
Chinese yuan weakened amid U.S. President-elect Trump’s threat to impose 100% tariffs on BRICS countries if they attempt to create a new currency to replace the dollar.
Trump said he'll put a 100% tariff on countries that give up the dollar. That could backfire.
The US can't reduce its trade deficit and increase the global dominance of the dollar at the same time, said an economist.
Melinda French Gates Will Boost GivingTuesday With $1M Match Donation
Philanthropist Melinda French Gates announced she will match up to $1 million in donations to two non-profit organizations in ...
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Finance adviser confirms $1.1b IMF loan release by March
At a meeting with the adviser, the IMF delegation sought details about Bangladesh's current and future strategies regarding revenue collection, fiscal deficits, and stressed assets in the banking sect ...
Why Mexico’s global trade sweet spot may turn sour
The last time Donald Trump was in the White House, Mexico’s economy did surprisingly well. The Spanish-speaking country, and ...
Melinda French Gates plans to match $1M in GivingTuesday gifts to groups that support women
Melinda French Gates is offering to match up to $1 million in gifts to two nonprofit organizations to help spur donations on ...
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IMF suggests upward policy rate in 2025 to restrain inflation: BB
The fourth tranche of the $4.7 billion loan programme depends on fulfilling the conditions given by the global lender ...
Developing Countries Face Record Debt Costs Amid Interest Rate Surge
The World Bank warned in a new report that poor countries will be stuck in economic “purgatory” without debt relief.
Thai finmin says room for rate cut as inflation is low
There is room for a rate cut in Thailand as inflation is low, the finance minister said on Tuesday as he reiterated his call ...
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With a Parliamentary Majority in Hand, Now Senegal’s Faye Must Deliver
Voters handed Senegal's president an overwhelming legislative majority in snap elections. Now, he has to deliver for them.
Putin makes it official: Russia is all in on defense spending
A top Russian banker said last week that he expects Russia's economic growth to slow next year.
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IMF Staff Completes 2024 Article IV Mission to Qatar
Qatar’s economy has shown signs of a gradual rebound from the post-World Cup growth moderation. Near-term real GDP growth is expected to reach 2 percent, and the medium-term outlook is more favorable, ...
IMF approves third review of Ghana's $3 billion programme
The International Monetary Fund (IMF) has approved the third review of Ghana's $3 billion lending programme, unlocking an ...