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The USD (United States Dollar) is one of the most respected, and one of the most used currency in the world. according to a study, 40-60 % of US dollar trade that is done across the border is denominated in the United States currency. In fact, during the 90’s, The United States dollar was record […]
The government of Iran has finally developed a nuclear weapon that is slowly going to swift out dominance of dollar in international market. The Iranian oil bourse expected to start in near future will be based in euro. This will pave the path of trading oil against euro. Once the denomination of trading […]
Earlier in 20th century dollar was tied up with gold. It didn’t move up nor moved down and remain equal to the value of gold. But the Great Depression of 1921 to 1929 bought a change in US government policy which had to remove the backing up dollar by gold in turn it started creating […]
SAN FRANCISCO (Dollar Drops) — First Solar Inc. [s:FSLR] said late Friday it acquired commercial solar project designer Turner Renewable Energy LLC for about $34.3 million in stock and cash. Turner, so named in January 2007 when Ted Turner invested in the company, will operate as a unit of First Solar under the name First […]