Business – Page 166 – THE OVAL CIRCLE

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

Business

China to build world’s longest underwater high-speed rail tunnel

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

A project to construct China’s first undersea high-speed rail tunnel in eastern Zhejiang Province was approved on Monday, according to The Paper digital newspaper. Investments in the project will amount to over $4 billion. … Read More >China to build world’s longest underwater high-speed rail tunnel

Business

Gold will resume its 2020 rally once US election noise dies down – Royal Bank of Canada

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

The ultimate safe haven, gold, will resume this year’s upward trajectory after the US elections, according to analysts at Royal Bank of Canada (RBC). … Read More >Gold will resume its 2020 rally once US election noise dies down – Royal Bank of Canada

Business

China believes natural gas demand will SOAR

Posted on November 2, 2020November 2, 2020By Editor

China’s largest natural gas supplier has predicted that demand will double over the next 15 years, giving hope to natural gas producers around the world that the industry will soon bounce back. … Read More >China believes natural gas demand will SOAR

Business

Russia adds $4.5 BILLION to foreign exchange reserves in 1 week

Posted on November 2, 2020November 2, 2020By Editor

Russian gold & foreign currency reserves have increased to $589.8 billion, according to the latest data released by the central bank. … Read More >Russia adds $4.5 BILLION to foreign exchange reserves in 1 week

Business

It’s time to buy emerging markets & gold, says legendary investor Mark Mobius

Posted on November 1, 2020November 1, 2020By Editor

While the global economy is trying to stay afloat amid the Covid-19 pandemic, investors should look to emerging markets like Russia and India, as well as at physical gold. That’s the advice from veteran investor Mark Mobius. … Read More >It’s time to buy emerging markets & gold, says legendary investor Mark Mobius

Business

Governments’ Covid-19 reaction to close economies worse than pandemic itself – Jim Rogers

Posted on November 1, 2020November 1, 2020By Editor

While the coronavirus outbreak triggered the deepest crisis in decades, “overreacting” politicians have only exacerbated the situation, legendary investor Jim Rogers has told an international forum hosted by Russia. … Read More >Governments’ Covid-19 reaction to close economies worse than pandemic itself – Jim Rogers

Business

China’s Xiaomi overtakes Apple as world’s third-largest smartphone maker

Posted on October 31, 2020October 31, 2020By Editor

With the smartphone market starting to recover from the coronavirus crisis, Chinese producer Xiaomi has made history by beating the iconic Apple iPhone at its own game. … Read More >China’s Xiaomi overtakes Apple as world’s third-largest smartphone maker

Business

Washington may allow China’s Huawei to receive vital chip supplies for its non-5G business – report

Posted on October 31, 2020October 31, 2020By Editor

The US could be easing its draconian sanctions against Huawei by letting more chip suppliers ship components to the Chinese tech company – as long as they are not used for developing 5G technology. … Read More >Washington may allow China’s Huawei to receive vital chip supplies for its non-5G business – report

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