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NEWS

Indians vote for Customs Union with Russia

03.06.2014

How do you think, should India enter the Customs Union with Russia and other countries? – asked a poll published on the site www.mmmindia.in. “Yes, it will not only increase our trade balance, but also will help to create a single Euroasian currency – answered 93% from almost 7700 voters. - We will stop to ...

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Goldman Sachs Gets Ecuador Gold Reserves

03.06.2014

The Central Bank of Ecuador “invested” gold held as monetary reserves in financial instruments in an operation with Goldman Sachs to boost the available cash. The three-year operation commit 466,000 ounces, worth about $580 million at current prices, and will generate between $16 million and $20 million in profits, depending on the international price of gold, the bank said. The country's ...

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The president of Kazakhstan – Nursultan Nazarbaev offered to the world community to find out equivalent for dollar

29.05.2014

Nowadays all the countries of the world depend on the dollar, all financial transactions are passing through New York, declared president of Kazakhstan when at the global economic forum in Astana. Nazarbaev pointed out that the core of the problem is the deficient, out-of-date financial system of the world. The paper dollars feed the USA economics only, that’s why it ...

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Housing debt still traps 10 million Americans

28.05.2014

Nearly 10 million Americans remain financially trapped by homes worth less than their mortgage debts — an enduring drag on the U.S. economy almost seven years after the housing bust triggered the Great Recession. During the first three months of this year, 18.8% of homeowners with a mortgage — 9.7 million — owed more on their loans than their properties ...

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About the upcoming debt crisis in Russia

27.05.2014

Famous Russian political economist Mikhail Khazin thinks that the situation in Russian economy continues to deteriorate, and one of the signs of this is the state of a debt market. He reminded that crisis of 2008 in the United States began at the time when interest payments on previously made household debts rose to 14% of real disposable incomes. Today ...

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