Business – Page 233 – THE OVAL CIRCLE

Russia’s forex reserves reach pre-crisis levels, topping $555 billion

Posted on January 16, 2020June 15, 2020By Editor

Russian gold and foreign currency reserves have hit $557.5 billion in the first 10 days of the new year, according to the latest figures released by the country’s central bank. … Read More >Russia’s forex reserves reach pre-crisis levels, topping $555 billion

Business

US & China sign ‘phase one’ trade deal to ease global economic tensions

Posted on January 16, 2020January 16, 2020By Editor

The first part of a broader trade agreement between the world’s top economic superpowers was finally inked on Wednesday with the US suspending new tariffs in exchange for Chinese purchases of $200 billion in American goods. … Read More >US & China sign ‘phase one’ trade deal to ease global economic tensions

Business

China’s booming new Silk Road trade hits $1.34 TRILLION

Posted on January 16, 2020January 16, 2020By Editor

China’s trade with countries participating in its ambitious Belt and Road Initiative (BRI) has been expanding and totaled 9.27 trillion yuan ($1.34 trillion) in 2019, customs data shows. … Read More >China’s booming new Silk Road trade hits $1.34 TRILLION

Business

US govt wants to invest $1 billion to end China’s dominance in 5G

Posted on January 16, 2020January 16, 2020By Editor

A group of US lawmakers have introduced a bill to subsidize companies developing 5G technology to counter China’s Huawei. It comes as Washington mounts pressure on its allies to turn away from Chinese technology. … Read More >US govt wants to invest $1 billion to end China’s dominance in 5G

Business

Putin suggests launching new investment cycle in Russia to achieve growth rates above global average

Posted on January 15, 2020June 15, 2020By Editor

Russian President Vladimir Putin called for a structural change to the economy and its efficiency during his annual address to the Federal Assembly on Wednesday. … Read More >Putin suggests launching new investment cycle in Russia to achieve growth rates above global average

Business

World’s super-rich are hoarding physical gold in secret bunkers

Posted on January 12, 2020January 12, 2020By Editor

The strategic case for owning gold remains strong, according to analysts at Goldman Sachs. They point to such factors as political uncertainty, recession fears and other worries among the global elite. … Read More >World’s super-rich are hoarding physical gold in secret bunkers

Business

Australia becomes top LNG exporter despite bushfire crisis

Posted on January 11, 2020January 11, 2020By Editor

Australia’s bushfire crisis has arrived to such a tragic and critical apex that the smoke from the climate change-fuelled fires has travelled nearly 10,000 miles to South America and may have reached the Antarctic. … Read More >Australia becomes top LNG exporter despite bushfire crisis

Business

US dollar hegemony will end in the next decade, banker tells RT’s Keiser Report

Posted on January 10, 2020January 10, 2020By Editor

Central banks have destroyed value in the property markets, the bond markets, and the stock markets, British-American investor Mitch Feierstein says. … Read More >US dollar hegemony will end in the next decade, banker tells RT’s Keiser Report

Business

Regular railway freight transport across new Crimea Bridge will start from July

Posted on January 10, 2020January 10, 2020By Editor

Russian President Vladimir Putin said on Friday that regular freight rail services via the 19-km-long Crimea Bridge, which connects the peninsula with mainland Russia, will kick off on July 1. … Read More >Regular railway freight transport across new Crimea Bridge will start from July

Business

Moscow joins TOP 5 ‘best’ cities in the world, triumphing over Dubai, Singapore, Barcelona & others

Posted on January 10, 2020January 10, 2020By Editor

The Russian capital has been named the world’s fifth-best metropolis in a ranking of 100 major cities by Resonance Consultancy. It is the top-hashtagged city on Instagram, the consultancy firm said. … Read More >Moscow joins TOP 5 ‘best’ cities in the world, triumphing over Dubai, Singapore, Barcelona & others

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