Americans owe $1 trillion in credit card debt.
America’s credit card balance has passed $1 trillion, or it’s about to, depending on whom you ask. The average interest rate on a new card is 24 percent, the highest…
Global central banks to increase gold share in their FX reserves
Following historically high levels of gold purchases by global central banks, they continue to view gold positively, with plans to increase the share of gold in their foreign exchange reserves,…
Venezuela wants to join BRICS, Brazil supports
Venezuelan President Nicolas Maduro said Monday his country is interested in joining the BRICS, an association of Brazil, Russia, India, China, and South Africa. “If we are asked whether Venezuela…
Nicolas Maduro – about Venezuela’s desire to join the BRICS:
“BRICS is formed from 5 powerful countries. And now BRICS is transforming into a big magnet for those who want another world, namely peace, cooperation. How many applications do BRICS…
China’s UnionPay overtakes Visa in debit transactions as Global Financial Realignment continues
China’s UnionPay has edged out Visa to become the number one debit card in the world, accounting for $40.03 for every $100 in transactions (compared to $38.78 for Visa) in…
Iran, Oman sign 4 documents to boost economic cooperation
Iran and Oman on Sunday signed four documents to improve cooperation in various sectors amid an official visit to Tehran by Oman’s Sultan Haitham bin Tariq Al Said.