Why The Petro-Dollar Is A Myth, And The Petro-Yuan Mere Fantasy
Those who believe that oil being traded in U.S. dollars gives the U.S. economy a unique advantage in the global economy have it exactly the wrong way around. Oil is trade in U.S. dollars 'because' the U.S. economy is the central economy in the global economic system.
PRESS RELEASE: Today, Agilesphere - a partnership of talented experts dedicated to helping clients with digital transformation - called for more action to be taken by the public sector, private sector and other organisations, to ensure the UK remains...
U.S. farmers said they would push ahead with plantings planned before U.S.-China trade tensions eased and, now that the two countries have resumed talks, take a wait-and-see approach to President Donald Trump's promises for more sales to China.
China is reducing import duties on cars by 40%. It looks massive, but it's really akin to offering baseball fans discounted tickets to a ballgame in the 9th inning when the game is basically over. Here's why.