Post Tagged with: "Currency"

Oil Production Diving, Inflation Climbing Fast: Venezuelans Squeezed

Oil Production Diving, Inflation Climbing Fast: Venezuelans Squeezed

Venezuela’s citizens are left holding a bag, one that is saddled with $60 billion dollars worth of debt.

Citizens of Venezuela have been buying into bonds due to government policies of subsidizing the purchase of foreign debt by individual investors, …

How will an EU Brexit Affect International Relations, Politics and Oil?

How will an EU Brexit Affect International Relations, Politics and Oil?

The UK Votes Tomorrow whether to Exit or Stay in the EU; UK Polls are Split Down the Middle 

In less than 24 hours, the UK will vote whether or not to stay in the European Union or exit the …

China’s Currency Becomes IMF’s Fifth Reserve Currency

China’s Currency Becomes IMF’s Fifth Reserve Currency

Status Bump: China’s renminbi joins the dollar, euro, pound and yen as an IMF reserve currency

The International Monetary Fund (IMF) announced Monday that the international lender will include the Chinese renminbi, or yuan, in its basket of currencies that …

Devalued Yuan not Likely to Curb China’s Crude Purchasing

Devalued Yuan not Likely to Curb China’s Crude Purchasing

China currency devalues 4.4% in two days

Concerns over China’s financial situation continued this week as the country’s central bank pushed the value of the yuan (or renminbi) lower for three consecutive days. Moves by the People’s Bank of China, …

August 13, 2015 - 5:15 pm International, Oil and Gas 360 Articles