LIBOR, the more than 50-year-old reference rate that came to epitomize Wall Street malfeasance, will soon be no more. SOFR, or secured overnight financing rate, a benchmark interest rate for Dollar-dominated derivatives & loans, is slowly taking its place.

LIBOR fades into history after 50 years of benchmark dominance

The dragon seems to have lost its roar at the Chinese Yuan sleep to a seven-month low. This comes against the backdrop of China cutting key lending benchmarks disappointment over the lack of stimulus measures to boost economic growth and the overall strength of the dollar was weighed heavily on the Chinese currency. The offshore Yuan dropped below 7.2 percent per dollar hitting a level not seen since late last year now while China's Central Bank implemented modest interest rate cuts to support the economy.

China's Yuan vs Dollar: China's Yuan on a slippery slope as it hits 7-month low

The World's undisputed king of currency is facing a fresh set of challenges. The US dollar has always dominated global trade while being the world's reserve currency. Nations around the world are, however, sceptical about US Dollar. They want to reduce this dependency on single foreign currency. Taking an initiative, BRICS nations are trying to attract hangers-on by whipping up talk of a rival currency.

Is BRICS raging against the US Dollar an exercise in futility?

De-dollarisation is trending across the globe. World over, countries are dumping the U.S. Dollar as a currency to engage in trade related transactions. What does this mean? Why is this happening? Listen in to Vikram Chandra.

Is the dollar era nearing an end?

Why are countries pushing for de-dollarization?

The global superpower- the United States is facing another setback. Countries around the world are pushing back America’s dominance over global trade. Amid debt-ceiling crisis, the issue of de-dollarisation by ASEAN countries looms over the United States. 10 ASEAN nations are on the verge of de-dollarisation. The members of the ASEAN have agreed to promote their native currencies.

De-dollarisation: 10 ASEAN countries agree to ditch the US Dollar

Zimbabwe's currency faces a turbulent ride with a devaluation of nearly 14% in the weekly central bank auction. This is in line with the government's push for reforms in the foreign exchange market.

Zimbabwe dollar takes a plunge

Bangladesh will trade in Indian Rupees with India and has decided to avoid the US Dollar. De-Dollarisation is now on the climb globally. Is this the end to the Dollar empire? Molly Gambhir reports.

Gravitas : Bangladesh to trade in rupees with India

US Treasury Secretary Janet Yellen has said the economic sanctions imposed by the US on countries across the board have put the dollar's dominance at stake. As the US continues to plaster sanctions willy-nilly, targeted nations are seeking alternatives which puts the USD in jeopardy.

US dollar may lose its dominance if nations are sanctioned, warns Treasury Secretary Janet Yellen

The Indian rupee declined past the key psychological mark of 82 per dollar on Tuesday on likely corporate outflows and importer demand for the greenback, traders said.

Rupee falls past 82/$ despite dollar weakness; outflows likely

India will offer its currency as an alternative for trade to countries that are facing a shortage of dollars in the wake of the sharpest tightening in monetary policy by the US Federal Reserve in decades.

India offers Rupee Trade option to Nations facing Dollar crunch

Amid the ongoing global geopolitical tensions, countries are moving away from Dollar. Several nations have banded together to de-dollarise the global trade. Watch this video for all details.

Is the Indian Rupee challenging the Dollar's dominance in global trade?

One of the agendas of India's G20 Presidency is mutual cooperation in cross-border payments and innovation in payment technology. The RBI has now signed the MoU, with UAE's exploration of cross-linking of two countries' CBDC's.

Rupee inches to replace Dollar in global trade; 18 countries agree on rupee-trade mechanism

Egypt, sapped dry of dollars despite a $3 billion International Monetary Fund bailout loan, is seeking to boost its coffers by selling state assets to wealthy Gulf nations.

Egypt to sell state assets on Dollar crunch

The sheer weight of inflation that Britons are facing has been made clear by the latest figures. Data from the Office for National Statistics (ONS) shows that even as inflation reached double digits, wages are lagging far behind.

As inflation soars in UK, Britons see real-time value of their wages plummet; biggest fall since 2009

Talking to WION in an exclusive interview at the sidelines of the ongoing annual summit of the World Economic Forum in Davos, Switzerland, Saudi Arabia Industry Minister Bandar bin Ibrahim Alkhorayef, called India “a key partner” for his country.

Exclusive | Riyadh focusing on future of oil rather than 'spot price', says Saudi Industry Minister Alkhorayef

Walt Disney Co. and investor activist Nelson Peltz will face a boardroom battle after the home of Mickey Mouse denied the billionaire a seat on the board. Peltz, who co-founded Trian Fund Management, petitioned to join the board after criticising Disney's management in what could become a public debate over CEO Bob Iger's leadership.

Walt Disney and investor activist Nelson Peltz to face off on boardroom seat

Easing inflation expectations this year may be at risk of a reversal as Goldman Sachs said that with China and other Asian economies fully reopening from their pandemic restrictions, a barrel of Brent oil could reach $110 by the third quarter of 2023, reported Bloomberg.

Higher inflation this year? Goldman Sachs predicts oil prices could rise up to $110 a barrel

Wall Street's major stock averages closed higher on Tuesday, steadying in the afternoon after early volatility while Treasury yields rose as investors waited anxiously for US inflation data due later in the week.

US stocks rise, bond yields go up with December's upcoming price data in focus

Businessman Ashneer Grover, who gained popularity for his stint as a judge in Shark Tank India's maiden season, has launched a new venture and has promised prospective employees that they will receive a Mercedes car upon completing five years at the firm.

Embattled BharatPe co-founder Ashneer Grover anounces Mercedes as bonus for his new startup's employees

Asian companies with large debt levels will face an uncomfortable truth this year when $314 billion of bonds come due for repayment at a time when refinancing prices for lower-rated corporations are approaching historic highs, reported Bloomberg.

Asian borrowers face a daunting $314 billion debt repayment as rates rise

Pakistan needs to answer many questions. The country's economy is in the doldrums and its impact has left no one untouched. Its resources are bleeding with no funds coming Islamabad's way.

IMF to Pakistan: Time to take ‘required actions’; rupee devalued at Rs 220 against a dollar

The dollar gained against the yen, the euro and the pound on Monday after data showed that US services industry activity unexpectedly picked up in November, prompting speculation the Federal Reserve may lift interest rates more than recently projected.

Dollar gains broadly as upbeat US data muddles Fed rate hike views

Qatar on Tuesday announced its first major deal to send liquefied natural gas to Germany as Europe scrambles to find alternatives to Russian energy sources. Qatar's Energy Minister Saad Sherida al-Kaabi said up to two million tons of gas a year would be sent for at least 15 years from 2026, and that state-run QatarEnergy was discussing other possible deals for Europe's biggest economy.

Qatar announces first major gas deal for Germany

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