Saudi Arabia Reveals Massive Trade Volumes With BRICS Nations
On Friday, Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah noted that in 2022, there was over $160 billion in bilateral trade between Saudi Arabia and BRICS member states,…
Russia Predicts Trade With China Will Exceed Expectations
On Wednesday, Russian Finance Minister Anton Siluanov said that Russia and China were already engaging in record levels of trade, and that would only grow as the two nations forged…
Russian Finance Minister Talks Up BRICS Bank
Photo of BRICS leaders courtesy of Alan Santos/PR under Creative Commons Attribution 2.0 Generic license. At the opening ceremony of the New Development Bank’s (NDB) eighth annual meeting in Shanghai…
Asian Nations Develop Alternative To SWIFT Financial Messaging System
The Iranian newspaper Kayhan is reporting that the Asian Clearing Union (ACU), a group of nine central banks which includes India, Pakistan, and Iran, will launch a new cross-border financial…
Euro’s Share Of International Settlements Falls
This week Bloomberg reported that data from SWIFT shows that last month, the use of the euro in international settlements declined to its lowest level in three years. The statistics,…
Japan Posts Trade Deficit
In April, for the 21st month in a row, Japan racked up a trade deficit. However it was much less of a deficit compared to one year ago, due to…
Jim Rogers Feels Dollar’s Dominance Is Slipping
On Wednesday, in an interview, famed investor Jim Rogers told the Russian news outlet Sputnik that the US dollar is losing its leading global positioning, while Washington has become the…
Italian Exports To China Surge Inexplicably
Over the past year, Italian exports to China have tripled, as February’s shipments alone rose by 131% year over year, with no obvious reason for the increase, according to a…
Bank of Indonesia Officially Launches New National Card Payment System
On Monday, CNBC reported that the Bank of Indonesia (BI) launched a new national card payment system as part of the nations’ broader strategy to reduce its reliance on foreign…
Road-Based Freight Traffic Between Russia And China Surges
New data from Russia’s Federal Customs Service (FCS) shows that the volume of cargo traffic between Russia and China traveling through road checkpoints in the Far East has been significantly…
