Business – Page 164 – THE OVAL CIRCLE

Consolidation is killing jobs in US shale industry

Posted on November 8, 2020November 8, 2020By Editor

The long-awaited consolidation in the US shale patch is well underway, with several high-profile multi-billion-dollar deals announced in the span of just a few weeks. … Read More >Consolidation is killing jobs in US shale industry

Russia-China trade NOT affected by pandemic, set to hit $110 BILLION – ambassador

Posted on November 8, 2020November 8, 2020By Editor

The volume of trade between Russia and China could match last year’s level of $110 billion if it continues to develop at the current pace, said Russian Ambassador to China Andrey Denisov. … Read More >Russia-China trade NOT affected by pandemic, set to hit $110 BILLION – ambassador

Libya throws ONE MILLION barrels of oil into already oversupplied market

Posted on November 8, 2020November 8, 2020By Editor

Libya’s crude output has exceeded one million barrels per day since its oil industry came back online. However, the inflow may create shockwaves in the global oil market as demand has not fully recovered from the Covid-19 crisis. … Read More >Libya throws ONE MILLION barrels of oil into already oversupplied market

Move over, Musk! Volkswagen & Toyota revved up to challenge Tesla’s electric car market dominance

Posted on November 8, 2020November 8, 2020By Editor

The bosses of the world’s two largest automakers, Volkswagen and Toyota, have hit out at Tesla as they seek to challenge their US rival’s leadership in the electric car market and avoid falling into oblivion. … Read More >Move over, Musk! Volkswagen & Toyota revved up to challenge Tesla’s electric car market dominance

China’s exports growth outpaces pre-pandemic levels, offsetting coronavirus impact

Posted on November 8, 2020November 8, 2020By Editor

China’s foreign trade boomed again in October, with exports surging at their fastest pace for 19 months and imports showing stable growth, as the world’s second-largest economy continues to rebound from the coronavirus pandemic. … Read More >China’s exports growth outpaces pre-pandemic levels, offsetting coronavirus impact

China may impose sweeping tariffs on Australian wine & ban other imports

Posted on November 7, 2020By Editor

Australian industry groups fear they may lose the lucrative Chinese market amid reports that Beijing could slap anti-dumping duties on Australian wine and suspend other imports as relations between the two nations sour. … Read More >China may impose sweeping tariffs on Australian wine & ban other imports

Japan’s Nikkei at almost 3-decade high, global stocks head to record levels as world awaits US election result

Posted on November 7, 2020November 7, 2020By Editor

Japan’s benchmark index Nikkei 225 closed up at the highest level since 1991 after global stocks continued to rally this week as investors prepare for a possible victory for Democrat Joe Biden. … Read More >Japan’s Nikkei at almost 3-decade high, global stocks head to record levels as world awaits US election result

Huawei battles Sweden’s ‘draconic’ ban as it tries to hold on to European 5G market

Posted on November 7, 2020November 7, 2020By Editor

Chinese tech giant Huawei has filed an appeal against Sweden’s recent decision to phase out the company’s telecom equipment from the roll-out of its next-generation 5G networks in the country. … Read More >Huawei battles Sweden’s ‘draconic’ ban as it tries to hold on to European 5G market

Fed boss Jerome Powell is ‘Godzilla,’ worshipped like a magical creature for his money-printing power – Max Keiser

Posted on November 6, 2020November 6, 2020By Editor

The hosts of the Keiser Report, Max Keiser and Stacy Herbert look at the winner being declared in the trending topics list on Twitter, days before the actual US election was held. … Read More >Fed boss Jerome Powell is ‘Godzilla,’ worshipped like a magical creature for his money-printing power – Max Keiser

Neither Trump nor Biden will wave a magic wand to fix America’s economic destruction – Peter Schiff

Posted on November 6, 2020November 6, 2020By Editor

Stocks rallied before the election on expectations of a Joe Biden victory and Democrat control of the Congress. But the markets don’t seem to be particularly concerned about the actual economy, says economist Peter Schiff. … Read More >Neither Trump nor Biden will wave a magic wand to fix America’s economic destruction – Peter Schiff