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How the petrodollar regime came to be, and what losing it would mean for the U.S.Sensex ends 3-day losing streak, settles 939 pts higher, Nifty above 23,400

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How the petrodollar regime came to be, and what losing it would mean for the U.S.

Business

NPR Topics: Business•Yesterday

How the petrodollar regime came to be, and what losing it would mean for the U.S.

WAILIN WONG, BYLINE: In 1973, Egypt and Syria launched an attack on Israel. WONG: Petrodollar flows started to wane in the 1980s as oil prices went down, but the broader petrodollar regime stayed in place. WONG: In fact, China wants to challenge the dollar as reserve currency, and it's taking aim at the all-important petrodollar regime, which, as we know, is a key part of the dollar's reserve status.

Sensex ends 3-day losing streak, settles 939 pts higher, Nifty above 23,400

Business

Economic Times•Mar 16

Sensex ends 3-day losing streak, settles 939 pts higher, Nifty above 23,400

Indian stock markets rebounded sharply on Monday, snapping a three-session losing streak with Sensex and Nifty closing significantly higher. Despite volatile trading, value-buying emerged after last week's selloff.