Business – Page 163 – THE OVAL CIRCLE

Russia’s gold & foreign currency reserves surge by over $3 BILLION in one week

Posted on November 13, 2020November 13, 2020By Editor

Russia’s foreign exchange holdings have risen for the second consecutive week to reach $587.6 billion, according to the latest data released by the country’s central bank. … Read More >Russia’s gold & foreign currency reserves surge by over $3 BILLION in one week

Business

Iran to take ‘any opportunity’ to lift Washington sanctions after US election – President Rouhani

Posted on November 11, 2020November 11, 2020By Editor

Iran’s President Hassan Rouhani said on Wednesday that Tehran will work to take any “favorable opportunity” to lift sanctions imposed by the US against Iran, hinting such an occasion could arise under a Biden administration. … Read More >Iran to take ‘any opportunity’ to lift Washington sanctions after US election – President Rouhani

Business

EU goes after Amazon for breaching European antitrust rules

Posted on November 11, 2020November 11, 2020By Editor

The European Commission (EC) announced a second formal investigation into online retailer Amazon on Tuesday, accusing the firm of breaching European antitrust rules by using independent sellers’ data for its own benefit. … Read More >EU goes after Amazon for breaching European antitrust rules

Business

Oil prices surge amid hopes coronavirus vaccine means return of global travel

Posted on November 11, 2020November 11, 2020By Editor

Crude prices continued to climb higher on Wednesday following the news of potentially effective Covid-19 vaccines developed in Russia and the US. Brent crude soared above $45 a barrel, marking a 15 percent increase from last week. … Read More >Oil prices surge amid hopes coronavirus vaccine means return of global travel

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US to expand sanctions against Russia’s Nord Stream 2 gas pipeline

Posted on November 11, 2020By Editor

Washington has reached an agreement to include additional sanctions against Russia’s natural gas pipeline to Germany in a must-pass defense bill, Bloomberg reported on Wednesday, citing sources familiar with the issue. … Read More >US to expand sanctions against Russia’s Nord Stream 2 gas pipeline

Business

EU to slap tariffs on $4 BILLION worth of US goods over Boeing aid

Posted on November 10, 2020November 10, 2020By Editor

The European Union (EU) said on Monday it has agreed to impose tariffs and other penalties on up to $4 billion worth of American goods and services over illegal US government support for plane maker Boeing. … Read More >EU to slap tariffs on $4 BILLION worth of US goods over Boeing aid

Business

Serbia links economic ties with Russia-led free trade zone

Posted on November 10, 2020November 10, 2020By Editor

Russian President Vladimir Putin signed a law on Monday ratifying an agreement on a free-trade zone between the Russia-led Eurasian Economic Union (EEU) and the Republic of Serbia. … Read More >Serbia links economic ties with Russia-led free trade zone

Business

Dow surges to all-time high after Pfizer reveals its Covid vaccine is more than 90% effective

Posted on November 10, 2020November 10, 2020By Editor

Stock markets rallied to record highs at the opening bell in New York on Monday, after drug makers Pfizer and BioNTech announced that their Covid-19 vaccine is more than 90 percent effective. … Read More >Dow surges to all-time high after Pfizer reveals its Covid vaccine is more than 90% effective

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Argentina seeks to expand economic ties with Russia

Posted on November 9, 2020November 9, 2020By Editor

Moscow and Buenos Aires should develop “strategic ties” and team up for bilateral infrastructure and financial projects, Argentine President Alberto Fernandez has said. … Read More >Argentina seeks to expand economic ties with Russia

Business

Russian economy to cope with coronavirus shock better than expected – European Commission

Posted on November 9, 2020November 9, 2020By Editor

The European Commission has improved its forecast for the Russian economy, while downgrading its global outlook, as the coronavirus crisis continues to batter the world economy. … Read More >Russian economy to cope with coronavirus shock better than expected – European Commission

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