Tag #De-Dollarization

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dw.com

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Jul 7, 13:14

BRICS Summit Aims to Bolster Intra-Bloc Trade, Defy US Influence

The BRICS summit, held in Brazil, aims to strengthen trade and technology within the bloc, challenging US influence; Russia's President Putin will not attend due to an ICC warrant; the bloc now includes 10 nations and is attempting to create its own currency.

BRICS Summit Aims to Bolster Intra-Bloc Trade, Defy US Influence

The BRICS summit, held in Brazil, aims to strengthen trade and technology within the bloc, challenging US influence; Russia's President Putin will not attend due to an ICC warrant; the bloc now includes 10 nations and is attempting to create its own currency.

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What are the primary goals and immediate consequences of the BRICS summit?

The BRICS summit, hosted by Brazil, aims to bolster intra-bloc trade and technology exchange, defying US trade threats. Key attendees include India's Prime Minister Modi and China's Premier Li Qiang, but Russia's President Putin is absent due to an International Criminal Court arrest warrant. This expansion reflects a challenge to US-led global systems.

cnnespanol.cnn.com

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Jul 6, 19:13

Xi, Putin Absent from Key BRICS Summit

The BRICS summit, starting in Brazil, will be missing its two most powerful leaders, Xi Jinping of China and Vladimir Putin of Russia, whose absences will test the group's unity and efforts to counter Western influence amidst global economic uncertainty and internal friction.

Xi, Putin Absent from Key BRICS Summit

The BRICS summit, starting in Brazil, will be missing its two most powerful leaders, Xi Jinping of China and Vladimir Putin of Russia, whose absences will test the group's unity and efforts to counter Western influence amidst global economic uncertainty and internal friction.

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What are the underlying causes and potential consequences of both Xi Jinping and Vladimir Putin's absence from the in-person summit in Brazil?

Xi Jinping's absence reflects China's potential prioritization of domestic economic issues over the BRICS summit, especially given the considerable economic challenges faced by China. The reduced expectation of significant advancements at the summit might have also contributed to Xi's decision to send Premier Li Qiang instead. The absence of both Xi and Putin leaves a prominent role for Indian Prime Minister Narendra Modi.

dw.com

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Apr 29, 04:13

BRICS Ministers Meet to Counter US Tariffs, Explore Alternatives to Dollar

Foreign ministers from BRICS nations met in Rio de Janeiro on April 29th to coordinate responses to US tariffs, discuss alternatives to the US dollar in trade, and prepare for their July summit; the meeting comes amid lowered global growth predictions from the IMF due to the tariffs.

BRICS Ministers Meet to Counter US Tariffs, Explore Alternatives to Dollar

Foreign ministers from BRICS nations met in Rio de Janeiro on April 29th to coordinate responses to US tariffs, discuss alternatives to the US dollar in trade, and prepare for their July summit; the meeting comes amid lowered global growth predictions from the IMF due to the tariffs.

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What immediate actions are BRICS nations taking to address the negative economic impacts of US trade policies?

Ministers of Foreign Affairs from Brazil, China, Russia, and other BRICS countries met in Rio de Janeiro on April 29th to prepare for the July summit. Discussions focused on coordinated responses to US President Trump's tariffs, amid the IMF's lowered global growth predictions due to these tariffs. A joint statement criticizing "unilateral measures" on trade is expected.

kathimerini.gr

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Apr 20, 16:11

Weakening Dollar Triggers Global Confidence Crisis

Donald Trump's policies, aiming to weaken the US dollar to boost exports, have instead caused a 9% drop in its value against major currencies since January, the worst start in over 50 years, triggering a global confidence crisis and potential de-dollarization.

Weakening Dollar Triggers Global Confidence Crisis

Donald Trump's policies, aiming to weaken the US dollar to boost exports, have instead caused a 9% drop in its value against major currencies since January, the worst start in over 50 years, triggering a global confidence crisis and potential de-dollarization.

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What are the immediate consequences of the weakening dollar, and how does it affect global economic stability?

Donald Trump's wish for a weaker dollar has come true, albeit with significant global economic and market repercussions. His belief was that a weaker dollar would make US products cheaper for foreign buyers, boosting domestic production and reducing trade deficits. However, in less than 100 days, his actions severely damaged US credibility, triggering a confidence crisis in US assets and challenging the dollar's dominance.

europe.chinadaily.com.cn

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Feb 26, 04:08

Trump's Tariffs Threaten to Intensify Global Financial Battle

Donald Trump's return to the White House threatens 100 percent tariffs on BRICS+ members who pursue de-dollarization, intensifying the ideological battle in global finance, despite the difficulties in creating an alternative to the US dollar.

Trump's Tariffs Threaten to Intensify Global Financial Battle

Donald Trump's return to the White House threatens 100 percent tariffs on BRICS+ members who pursue de-dollarization, intensifying the ideological battle in global finance, despite the difficulties in creating an alternative to the US dollar.

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What are the immediate economic consequences of Trump's threatened tariffs on BRICS nations if they pursue de-dollarization?

Trump's return to power signals a potential shift in global finance, as his administration threatens 100 percent tariffs on BRICS nations pursuing de-dollarization. This action could increase inflation and harm US households, contradicting his campaign promises. The BRICS group, including new members, aims to reduce dollar dependence through local currency trade.

french.china.org.cn

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Feb 26, 10:09

Trump's Return and the BRICS+ Challenge to Dollar Dominance

Par Mohamad Zreik, a researcher at Sun Yat-sen University, analyzes the potential geopolitical and economic shifts under a Trump presidency, focusing on the BRICS+ group's challenge to the US dollar's dominance and the US administration's response, including threatened 100% tariffs on BRICS+ imports...

Trump's Return and the BRICS+ Challenge to Dollar Dominance

Par Mohamad Zreik, a researcher at Sun Yat-sen University, analyzes the potential geopolitical and economic shifts under a Trump presidency, focusing on the BRICS+ group's challenge to the US dollar's dominance and the US administration's response, including threatened 100% tariffs on BRICS+ imports...

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How do the economic disparities within the BRICS+ nations affect their ability to create a unified alternative currency to the dollar?

China's advocacy for free and convenient global trade, alongside the development of alternative financial institutions like the New Development Bank (NDB) and the Asian Infrastructure Investment Bank (AIIB), is laying the groundwork for a competing financial system. However, significant economic disparities within BRICS+, ranging from China's export boom to Brazil's raw material-based industries, pose challenges to creating a unified currency. This highlights the complex interplay between geopolitical and economic factors shaping the future of global finance.

edition.cnn.com

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Jul 6, 04:11

Xi's Absence Marks 2024 BRICS Summit

The 2024 BRICS summit in Rio de Janeiro is underway, but without Chinese President Xi Jinping, who is represented by Li Qiang, his second-in-command. This absence, along with Vladimir Putin's remote participation, shifts focus to other members amidst global economic uncertainty and increasing effort...

Xi's Absence Marks 2024 BRICS Summit

The 2024 BRICS summit in Rio de Janeiro is underway, but without Chinese President Xi Jinping, who is represented by Li Qiang, his second-in-command. This absence, along with Vladimir Putin's remote participation, shifts focus to other members amidst global economic uncertainty and increasing effort...

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What are the immediate implications of Chinese President Xi Jinping's absence from the 2024 BRICS summit in Brazil?

The 2024 BRICS summit in Brazil is notable for the absence of Chinese President Xi Jinping, who is instead represented by his No. 2 official, Li Qiang. This is the first time in over a decade Xi has missed the annual summit, occurring amidst global economic uncertainty and trade tensions with the US. The summit also sees the participation of several new members, including Indonesia, Iran, and potentially Saudi Arabia.

smh.com.au

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May 21, 01:11

Bitcoin Surges Past $US100,000 Amidst Political and Economic Shifts

Bitcoin's price has increased by over 35 percent in the past month, reaching over $US100,000, driven by positive trade developments, the upcoming Trumpcoin-holders' dinner, and a growing de-dollarization trend; however, regulatory uncertainty and market volatility remain significant risks.

Bitcoin Surges Past $US100,000 Amidst Political and Economic Shifts

Bitcoin's price has increased by over 35 percent in the past month, reaching over $US100,000, driven by positive trade developments, the upcoming Trumpcoin-holders' dinner, and a growing de-dollarization trend; however, regulatory uncertainty and market volatility remain significant risks.

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What are the key risks and uncertainties facing Bitcoin, and what are its long-term prospects?

Bitcoin's future price depends on sustained positive political engagement, continued institutional investment, and a favorable macroeconomic environment. Regulatory uncertainty and correlation with risk assets remain key risks, but the potential for higher prices, ranging from $US150,000 to $US200,000 by year's end, is evident.

theglobeandmail.com

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Apr 28, 16:13

Investor Concerns and Market Volatility During Trump's First 100 Days

During the first 100 days of the Trump administration, U.S. markets experienced significant volatility, with the S&P 500 falling 8% and the dollar index dropping 9%, leading some investors to diversify away from U.S. assets due to concerns over trade policy and the potential erosion of the U.S. doll...

Investor Concerns and Market Volatility During Trump's First 100 Days

During the first 100 days of the Trump administration, U.S. markets experienced significant volatility, with the S&P 500 falling 8% and the dollar index dropping 9%, leading some investors to diversify away from U.S. assets due to concerns over trade policy and the potential erosion of the U.S. doll...

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What are the primary factors driving the observed reallocation of assets away from the United States?

Concerns about the Trump administration's trade policies and criticisms of Federal Reserve Chair Jerome Powell caused market volatility and a sell-off in U.S. assets. Foreign investors, holding approximately 30% of the $29 trillion U.S. government bond market, are reportedly reducing their holdings, although conclusive evidence of a sustained trend remains elusive. This reallocation is driven by fears of a potential crisis of confidence in dollar-denominated assets.

chinadaily.com.cn

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Mar 20, 07:13

BRICS Plus Drives De-Dollarization for Greater Financial Autonomy

The BRICS Plus group—Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Saudi Arabia, Iran, UAE, and Indonesia—is actively pursuing de-dollarization to reduce reliance on the US dollar in international trade, investments, and reserves, aiming for greater financial autonomy and protection f...

BRICS Plus Drives De-Dollarization for Greater Financial Autonomy

The BRICS Plus group—Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Saudi Arabia, Iran, UAE, and Indonesia—is actively pursuing de-dollarization to reduce reliance on the US dollar in international trade, investments, and reserves, aiming for greater financial autonomy and protection f...

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What are the immediate economic consequences of BRICS Plus nations reducing their reliance on the US dollar?

The BRICS Plus group, comprising 11 nations, is actively reducing reliance on the US dollar in global finance. This involves using alternative payment systems, diversifying currency reserves, and increasing bilateral trade settlements in local currencies. The goal is to enhance financial autonomy and shield economies from external shocks.

usa.chinadaily.com.cn

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Feb 26, 04:08

Trump's Return and the Looming Battle for Global Financial Supremacy

Donald Trump's return to the White House has heightened tensions regarding the US dollar's global dominance, as BRICS+ nations pursue de-dollarization, prompting the US administration to threaten 100 percent tariffs on imports from BRICS+ members.

Trump's Return and the Looming Battle for Global Financial Supremacy

Donald Trump's return to the White House has heightened tensions regarding the US dollar's global dominance, as BRICS+ nations pursue de-dollarization, prompting the US administration to threaten 100 percent tariffs on imports from BRICS+ members.

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What are the underlying causes of the growing tension between the US and BRICS+ nations regarding global financial dominance?

The expansion of BRICS+ and its pursuit of de-dollarization directly challenges the US's economic hegemony. The US's retaliatory tariff threat reflects a clash between the US's desire to maintain dollar supremacy and the growing desire for a multipolar global financial system. This conflict is driven by geopolitical tensions and differing economic philosophies.

africa.chinadaily.com.cn

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Feb 21, 16:12

BRICS Expansion: A Reshaping of Global Governance

The BRICS group's expansion to include Egypt, Ethiopia, Iran, Saudi Arabia, the UAE, and Indonesia creates a powerful alternative to Western-led global institutions, significantly impacting global governance, energy markets, and financial systems, with China playing a key role.

BRICS Expansion: A Reshaping of Global Governance

The BRICS group's expansion to include Egypt, Ethiopia, Iran, Saudi Arabia, the UAE, and Indonesia creates a powerful alternative to Western-led global institutions, significantly impacting global governance, energy markets, and financial systems, with China playing a key role.

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What are the immediate impacts of the BRICS expansion on global governance and the influence of Western institutions?

The BRICS expansion to include six new members significantly alters global governance by creating an alternative to Western-dominated institutions. This shift, driven largely by China, reshapes trade, investment, and diplomatic alignments, challenging the Global North's dominance.

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