Tag Archives: bretton woods
China announced on July 1st that the Standing Committee of the National People’s Congress officially ratified the agreement signed in Brazil last year to launch the New Development Bank for the BRICS nations. The bank’s Board of Governors are scheduled … Continue reading →
Billionaire investor George Soros said flatly that he’s concerned about the possibility of another world war Much depends on the health of the Chinese economy, Soros said in remarks at a Bretton Woods conference at the World Bank.
Each month, Russia continues to increase its reserves of gold, as it added almost 340,000 troy ounces in July, the IMF reported this week. The total gold estimated in Russia’s Central Bank reserves now totals more than 35.5 million ounces. … Continue reading →