SHANGHAI / BEIJING (Reuters) – A sharp escalation of tensions with the United States has raised fears in China of a deepening financial war that could result in the closure of the world dollar system – a devastating prospect once considered far-fetched but now impossible . FILE PHOTO: Chinese yuan …
Read More »Saudi Arabia posts $ 29 billion deficit in Q2 due to falling oil revenues
DUBAI (Reuters) – Saudi Arabia registered a deficit of 109.2 billion riyals ($ 29.12 billion) in the second quarter of this year as low oil prices hurt revenue, a report by the Ministry of Finance released Tuesday. FILE PHOTO: A Saudi flag flies over the Saudi Arabian consulate in Istanbul, …
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