US To Escalate Dispute With Mexico Over Its GM Corn Ban
On Thursday, Bloomberg news reported that the United States is about to escalate its claim that the ban on genetically modified corn which Mexico implemented is a violation of the…
Mexico Shuns BRICS For Closer Relations With US, Canada
During his daily morning news conference on Tuesday, Mexican President Andres Manuel Lopez Obrador said that Mexico would not be joining the BRICS alliance of nations. Instead the Mexican leader…
Russia And Qatar To Shift To National Currencies
Russian Ambassador to Qatar Dmitry Dogadkin has announced that Moscow has officially proposed to Doha that the two nations switch to settling their trade obligations in national currencies, and that…
Chinese Exports Fall 14.5% YoY In July
In July, Chinese exports fell 14.5% compared to one year prior, adding still more pressure to the government to intervene to reverse the sagging economy. Exports dropped to $281.8 billion,…
BRICS Continuing Discussions Of Dollar Rival’s Launch
Russian State Duma Deputy Speaker Aleksandr Babakov said that Russia is working with its fellow BRICS members, as well as other nations in Africa to create a new global currency…
AFROCOM Head – BRICS Currency Will Replace SWIFT In New Non-Western World
In an interview with Russia Today (RT) on Friday, Igor Morozov, the head of the Coordinating Committee for Economic Cooperation with African Countries (AFROCOM), said that as the unipolar world…
Yuan Beats Out Dollar In Chinese Bilateral Trade
From April to June, the yuan surpassed the US dollar in the race to be the most-used currency in China’s cross-border trade transactions, according to a new report from Nikkei…
Brazil Looking To Boost Mutual Trade With Russia As Dedollarization Continues
In an interview with RIA Novosti released earlier in the week, Brazilian Foreign Minister Mauro Vieira said that Brazil is looking forward to scaling up its trade with Russia. The…
Russia Increasingly Using Artic Route To Shorten Deliveries of Crude To China
On Tuesday, Bloomberg reported a Russian tanker was carrying a cargo of crude to China through the Arctic, and noted that this was emblematic of the fact that Moscow is…
Russian Companies Increase Their Presence In The Global Market
On Monday, speaking at a state Duma roundtable, Veronika Nikishina, the director general of the Russian Export Center, said that there has been a 50% increase of the number of…
