(Photo by Michael Evans/The White House/Getty Images) Officials of the Trump administration have said they want a weak dollar. The US government pushing for a weak greenback breaks with recent tradition. But 35 years ago, the Reagan administration worked with foreign governments to weaken the dollar. At the beginning of the year, Treasury Secretary Steve […]
Tag: dollar
Can Emperor Yuan Dethrone King Dollar as the World's Currency?
China’s meteoric rise over the past half-century is one of the most striking examples of the impact of opening up an economy to global markets that the world has ever seen. Over that period, the country has shifted from a largely agrarian society to an industrial powerhouse, lifting nearly a billion people out of poverty […]
Switzerland chooses gold bullion over paper wealth backed by US dollar
Another country is betting on physical gold. Switzerland’s pension fund has boosted its investments in bullion, switching from the paper-backed securities in US dollars. Read more “The Swiss government Pension System decided to change from paper gold in the amount of 700 million CHF into physical gold and store it in Switzerland. The 700 million […]
How payments companies can take advantage of a trillion dollar processing opportunity
BII This is a preview of a research report from Business Insider Intelligence, Business Insider’s premium research service. To learn more about Business Insider Intelligence, click here. Relative to many other sectors around the globe, the US healthcare industry has been notoriously slow to embrace new payment systems and processes. See the rest of the story at […]
The long arm of the dollar
FEW banks can match the quaint serenity of Banco Delta Asia’s headquarters in Macau. Housed in a pastel-yellow colonial building opposite a 16th-century church, its entrance is flanked by tall vases, depicting sampan gliding between karst hills. In the tiled square outside, men laze under a banyan tree and an elderly woman peels a boiled […]
Earn Up to 8 AAdvantage Miles per Dollar Spent at IHG Hotels
Earn Up to 8 AA Miles Per $ 1 Spent at IHG Hotels Advertiser Disclosure The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). […]
Our Favorite Million (and Multi-Million) Dollar Cars
Hi! We notice you’re using an ad blocker. Please consider whitelisting Autoblog. We get it. Ads can be annoying. But ads are also how we keep the garage doors open and the lights on here at Autoblog – and keep our stories free for you and for everyone. And free is good, right? If you’d […]
Mel Gibson is Directing a WWII Thriller Called ‘Destroyer’, May Co-Star in ‘The Six Billion Dollar Man’
In 2006, actor/director Mel Gibson was arrested for driving under the influence and went on a now-infamous rant using anti-Semitic, racist, and sexist comments. After apologizing and spending the next decade in director’s jail, he made a comeback with 2016’s Oscar-nominated Hacksaw Ridge and has eased his way back into the Hollywood limelight. Now his […]
Hong Kong defends its dollar peg in both directions
THE Hong Kong dollar is one of the most and least manipulated monies in the world. For over 34 years the territory’s monetary authority, the HKMA, has kept it pegged to America’s currency at around HK$ 7.80 to the dollar, resisting all temptations to let it fall or rise. In 2005 it refined the peg […]
US congressman proposes gold-backed dollar, but does America have enough bullion?
Republican Congressman from West Virginia Alex Mooney has proposed a bill “to define the dollar as a fixed weight of gold.” The problem is that the US may not have enough physical gold to back the greenback, an expert tells RT. In bill number 5404, dated March 22, Mooney criticizes US monetary policy, citing the […]