Business – Page 165 – THE OVAL CIRCLE

Dollar weakens with Biden closer to victory & may go even lower

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

The US dollar traded lower against other major currencies on Thursday as President Donald Trump sued states over alleged election irregularities, while his rival, Democrat Joe Biden, pulled ahead in electoral votes. … Read More >Dollar weakens with Biden closer to victory & may go even lower

Business

Eurozone economy on track for double-dip recession

Posted on November 5, 2020November 5, 2020By Editor

A new survey by IHS Markit showed that the eurozone’s economic recovery stalled last month due to a second wave of Covid and the related restrictions, which crushed activity in the bloc’s dominant service industry. … Read More >Eurozone economy on track for double-dip recession

Business

Can Trump really take credit for US economic growth before the pandemic? RT’s Boom Bust finds out

Posted on November 5, 2020November 5, 2020By Editor

The US stock market and employment rate hit record highs under Donald Trump’s presidency before Covid-19 started to rattle the economy. However, the picture might be not as rosy as Trump painted, analysts say. … Read More >Can Trump really take credit for US economic growth before the pandemic? RT’s Boom Bust finds out

Business

China’s service sector growth shows strong recovery in consumer demand

Posted on November 5, 2020November 5, 2020By Editor

China saw its key services sector expand for a sixth consecutive month in October, a new industry survey showed, as the world’s second largest economy continues its post-pandemic recovery. … Read More >China’s service sector growth shows strong recovery in consumer demand

Business

Bayer takes more than $10 BILLION write-down over Monsanto’s Roundup weed killer

Posted on November 5, 2020November 5, 2020By Editor

German pharmaceutical giant Bayer said it’s facing a double hit from a higher legal bill for claims relating to weed killer Roundup and €9.25 billion ($10.8 billion) in impairments on Monsanto-related agriculture businesses. … Read More >Bayer takes more than $10 BILLION write-down over Monsanto’s Roundup weed killer

Business

Gold will be WINNER no matter who clinches US election – hedge fund manager

Posted on November 5, 2020November 5, 2020By Editor

Regardless of who wins the US presidency, gold and gold miners are set to benefit anyway, said James Rasteh, Chief Investment Officer of Coast Capital in an interview with CNBC. … Read More >Gold will be WINNER no matter who clinches US election – hedge fund manager

Business

China may ban imports of Australian wheat as trade tensions escalate – sources

Posted on November 4, 2020November 4, 2020By Editor

Beijing is expected to bar Australian wheat imports, putting a AU$560 million (US$394 million) trade at risk, industry sources told the South China Morning Post. The grain could be the latest Australian product banned in China. … Read More >China may ban imports of Australian wheat as trade tensions escalate – sources

Business

ExxonMobil scraps project to build LNG terminal in Pakistan

Posted on November 3, 2020November 3, 2020By Editor

US energy giant ExxonMobil has canceled plans to build a liquefied natural gas (LNG) terminal in Pakistan, the Express Tribune reported, citing its sources. … Read More >ExxonMobil scraps project to build LNG terminal in Pakistan

Business

Oil investments are drying up as crude demand falters

Posted on November 3, 2020November 3, 2020By Editor

The COVID-19-induced shortage in key oil investments could spell trouble for the entire industry for years to come. … Read More >Oil investments are drying up as crude demand falters

Business

China’s factory activity at near-decade high as pandemic fallout fades

Posted on November 3, 2020November 3, 2020By Editor

Activity in China’s manufacturing sector accelerated at the fastest pace in nearly a decade in October as domestic demand surged. A private business survey showed on Monday the economy is quickly recovering from the Covid crisis. … Read More >China’s factory activity at near-decade high as pandemic fallout fades

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