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Hyderabad: President-elect Donald Trump's warning that BRICS countries will face 100 per cent tariffs if they choose to move away from the US dollar is unclear to what extent he will carry out his threat, as it remains to be seen if the US law permits such an action, former RBI Governor Duvvuri Subbarao said on Monday. He also said even for BRICS, there are internal differences about bringing out an alternative to the US Dollar. The nine-member group that includes India, Russia, China, and Brazi ...Read More >
Emerging market currencies fell against a stronger dollar after U.S. President-elect Donald Trump announced wide-ranging tariffs on imports from Canada, Mexico, and China. Mexico's peso and the Canadian dollar reached new lows, while South Africa's rand and Hungary's forint also weakened. Economists predict increased uncertainty amid Trump's tariff policies. Emerging market currencies saw a decline against the dollar as U.S. President-elect Donald Trump announced plans to impose major tariffs o ...Read More >
The G20 under India's presidency vouched for cryptocurrency regulation. Time is running out Donald Trump's Landslide victory in US elections has brought the focus back on cryptocurrencies, which saw their market capitalisation cross $3 trillion. Bitcoin, the biggest, hit an all-time high of $93,000 due to the "Trump Bump". Earlier this year, Trump had reiterated his plan to make the US the "crypto capital" and "Bitcoin superpower" of the world. This new approach of the US administration is als ...Read More >
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