Business – Page 230 – THE OVAL CIRCLE

Rosneft inks deal with India’s top refiner on up to 2 MILLION tons of crude supplies

Posted on February 5, 2020February 5, 2020By Editor

Russia’s energy giant Rosneft and state-owned Indian Oil Corporation (IOC) have agreed deliveries of 40,000 barrels of crude per day to India via the port of Novorossiysk by the end of this year. … Read More >Rosneft inks deal with India’s top refiner on up to 2 MILLION tons of crude supplies

Business

Bear run sends oil down for 10th straight session

Posted on February 5, 2020February 5, 2020By Editor

A bear stampede has taken hold of oil markets as the coronavirus continues to spread fear, uncertainty and doubt. … Read More >Bear run sends oil down for 10th straight session

Business

Thai businesses to invest in Russia’s Far East LNG terminal construction

Posted on February 5, 2020February 5, 2020By Editor

Businessmen from Thailand want supplies of Russian liquefied natural gas (LNG) and could invest in setting up an LNG transshipment terminal on Sakhalin, according to the region’s governor Valery Limarenko. … Read More >Thai businesses to invest in Russia’s Far East LNG terminal construction

Business

‘Alienate countries around the world’: Washington pushes ahead with plan to punish ‘currency manipulation’

Posted on February 4, 2020February 4, 2020By Editor

The US Department of Commerce has finalized new rules to impose anti-subsidy duties on products from countries that it has determined undervalue their currencies against the dollar. … Read More >‘Alienate countries around the world’: Washington pushes ahead with plan to punish ‘currency manipulation’

Business

China’s central bank pumps $173bn into economy to heal damage from coronavirus outbreak

Posted on February 3, 2020February 3, 2020By Editor

The People’s Bank of China (PBOC) will allocate a hefty sum to stabilize the currency market and ensure there is enough liquidity in the country’s financial institutions, which remain thwarted by the sweeping coronavirus epidemic. … Read More >China’s central bank pumps $173bn into economy to heal damage from coronavirus outbreak

Business

US-China oil deal dictated by a market that hates it

Posted on February 3, 2020February 3, 2020By Editor

Analysts have largely concurred that the Chinese promise to buy additional $52.4 billion worth of US energy products in 2020 and 2021 on top of the 2017 levels of Chinese energy imports is most likely unachievable, even if China intends to fulfill all its pledges in the deal. … Read More >US-China oil deal dictated by a market that hates it

Business

Coronavirus to Begin Destroying Global Supply Chains Within Next 3 Weeks

Posted on February 3, 2020February 3, 2020By Editor

Chinese suppliers in coronavirus zones may declare “force majeure” to legally terminate export supply chain deliveries and cause many global factories to begin running out of parts within three weeks, IHS Markit warned. … Read More >Coronavirus to Begin Destroying Global Supply Chains Within Next 3 Weeks

Business

Huawei tops list of global 5G smartphone suppliers

Posted on February 2, 2020February 2, 2020By Editor

Demand for 5G smartphones has been growing with shipments of 19 million units last year, the latest report by research firm Strategy Analytics shows. … Read More >Huawei tops list of global 5G smartphone suppliers

Business

France’s economy caves under pressure of massive protests

Posted on February 1, 2020February 1, 2020By Editor

The French economy, one of the largest in the EU, has failed to meet expectations and contracted for the first time under the presidency of Emmanuel Macron in the final quarter of 2019. … Read More >France’s economy caves under pressure of massive protests

Business

Feast in time of plague? Trump official says China coronavirus is good for US economy

Posted on February 1, 2020February 1, 2020By Editor

US Commerce Secretary Wilbur Ross said on Thursday the deadly coronavirus outbreak that has claimed the lives of 213 and infected almost 10,000 people globally could boost the US economy. … Read More >Feast in time of plague? Trump official says China coronavirus is good for US economy

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