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Trump slams currency manipulation by Brussels & Beijing

US President Donald Trump stepped up attacks on China and the European Union on Friday, accusing them of manipulating their national currencies and interest rates. The US, which is currently doing well, should preserve its right to recover what was lost through such practices as illegal currency manipulation and trade deals that were not profitable for the US, the president ...

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Trump says US ready to tax all Chinese imports should need arise

Washington may slap import taxes on all $ 505 billion worth of Chinese goods should it become necessary if the trade conflict with Beijing escalates, US President Donald Trump told CNBC. So far, the countries have exchanged levies on mutual imports worth of $ 34 billion. US export duties on Chinese products came into force on July 6 with China ...

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Going green: China's shift to natural gas will send coal prices crashing

Chinese authorities have approved an extended program aimed at significantly curtailing coal consumption across the country. The move to cleaner energy will have a serious effect on the entire coal industry. According to the plan, within three years coal consumption across 82 China’s cities will be slashed by up to 10 percent against the numbers fixed in 2016. Beijing is ...

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Venezuela will refine gold in Turkey to protect reserves from US sanctions

The Central Bank of Venezuela will start refining gold in Turkey to avoid US sanctions –  penalties that deter the country from carrying out banking operations in Switzerland, according to the Venezuelan mining minister. “This is an agreement established with Turkey and the Venezuelan central bank,” Victor Cano told journalists. “It’s being done by allied countries because imagine what would ...

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Russia plans national road reconstruction project essential to economic growth

About 9,000 kilometers of highways and roads in Russia will be transferred to federal ownership by 2021 before a major rebuilding project to boost the country’s road infrastructure and the national economy. Read more The trend will continue after 2021 with additional 8,300kms of road becoming the property of the Federal government. Federal highways are usually of much better quality ...

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All roads lead to China: Russian gas from Arctic & Siberia to flow east at full capacity

Gas supplies to China via the Power of Siberia natural gas pipeline or the ‘Eastern Route,’ will reach the contracted level in six years, according to China National Petroleum Corporation (CNPC). “Supplies via the ‘Eastern Route’ are expected to start by the end of next year, initial volumes are 5 billion cubic meters, which will reach 38 billion cubic meters ...

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