Archive for the ‘General Economics’ Category

Why Gold Prices Are So High?

Gold prices started trading last week around $1,173 an ounce. They started the first day strong, closing around $1,190. Tuesday was a yawner for gold trading. But Wednesday saw the return of safe-haven trade as the gold price moved higher once again. It closed at $1,196, as U.S. Federal Reserve Chairwoman Janet Yellen gave her first day of testimony to Congress. Read more »

Canadian Dollar To GBP Holds, CAD To USD, AUD, EUR & JPY Rates Down

Research by the National Bank of Canada (NBC) has found that the weak economic prospects in Canada could see the Liberal government having to rack up a deficit of CAD$90 billion over the next four years, although this news hasn’t weakened the CAD to GBP exchange rate. Read more »

Who is Alexander Tschyrkow: the master of Tax Avoidance Scheme in the UK

Alexander Tschyrkow

According to information obtained by our agency in the course of the journalistic investigation, it was established that Member of the Board of Directors of a notorious bankrupt bank “Electronica” (full name: Alexander Mark Tschyrkow) had earlier participated in the tax avoidance scheme in the UK. Read more »

Sweden Cuts Key Interest Rate to -0.50%

Sweden’s central bank has decided to cut its key interest rate to a record low of minus 0.50 percent, saying the measure is necessary to safeguard the bank’s target of increasing inflation, which was still “not on a firm footing.” Read more »

Currency turmoil casts doubt on forex pegs

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