Business – Page 238 – THE OVAL CIRCLE

Syria wants Chinese companies to scale up country’s post-war reconstruction

Posted on December 16, 2019December 16, 2019By Editor

The process of rebuilding war-ravaged Syria has already started but Damascus needs more investment in order to scale it up, according to Syrian President Bashar Assad. … Read More >Syria wants Chinese companies to scale up country’s post-war reconstruction

Business

Russia to start mass production of Putin’s limo brand Aurus in 2021 (VIDEO)

Posted on December 14, 2019December 14, 2019By Editor

The long-anticipated serial production of Aurus cars, the same domestic brand which made a limousine for Russian President Vladimir Putin, is set to start at the beginning of 2021. … Read More >Russia to start mass production of Putin’s limo brand Aurus in 2021 (VIDEO)

Business

Another year, another record: Russia & China project trade to hit $110bn this year

Posted on December 13, 2019December 13, 2019By Editor

Beijing expects trade turnover with Moscow to surpass $110 billion in 2019, setting a new record for trade volume between the two countries, according to a Chinese Ministry of Commerce (MOC) forecast. … Read More >Another year, another record: Russia & China project trade to hit $110bn this year

Business

Japanese energy majors may invest in Russia’s oil megaproject in Arctic

Posted on December 12, 2019December 12, 2019By Editor

Russia’s largest oil company, Rosneft, is in talks with Japanese state-run oil and gas firm Jogmec, and other possible investors to secure funds for its massive Vostok oil project in the Russian Arctic. … Read More >Japanese energy majors may invest in Russia’s oil megaproject in Arctic

Business

Germany rejects any extraterritorial sanctions against Russia’s Nord Stream 2 gas pipeline – Foreign Ministry

Posted on December 12, 2019By Editor

Berlin has reaffirmed its support for the Russia-led gas pipeline despite the threat of new US sanctions against European firms involved in the project. Nord Stream 2 will be completed, the Foreign Ministry said on Thursday. … Read More >Germany rejects any extraterritorial sanctions against Russia’s Nord Stream 2 gas pipeline – Foreign Ministry

Business

Lavrov says US-Russia trade INCREASED to $27bn under Trump – all despite sanctions he intends to keep

Posted on December 11, 2019December 11, 2019By Editor

Trade between the US and Russia has increased during the Donald Trump administration in spite of the sanctions levied on Moscow, the Russian FM has revealed. Washington sees it as an excuse to keep the sanctions in place, though. … Read More >Lavrov says US-Russia trade INCREASED to $27bn under Trump – all despite sanctions he intends to keep

Business

Russia offers Ukraine cheaper gas under new transit deal, Kiev promises to drop $3bn demand

Posted on December 11, 2019December 11, 2019By Editor

The price of gas for Ukraine may be lower if Moscow and Kiev manage to reach a new transit agreement, Russian President Vladimir Putin told at a press conference after the Normandy Four summit in Paris. … Read More >Russia offers Ukraine cheaper gas under new transit deal, Kiev promises to drop $3bn demand

Business

Central banks worldwide buying up massive amounts of gold in a shift away from US dollar – Goldman Sachs

Posted on December 10, 2019By Editor

Gold prices will climb to $1,600 per ounce over the next year, Wall Street bank Goldman Sachs projects. It says that central banks are consuming a fifth of the global supply of the yellow metal. … Read More >Central banks worldwide buying up massive amounts of gold in a shift away from US dollar – Goldman Sachs

Business

US-China trade sinks in November as tariff war drags on

Posted on December 10, 2019December 10, 2019By Editor

Chinese exports to the United States in November dropped 23 percent from a year earlier to $35.6 billion, customs data showed. Trade between the two global superpowers has been tumbling despite efforts to cut a deal. … Read More >US-China trade sinks in November as tariff war drags on

Business

Russia looks to invest in Pakistan in a big way

Posted on December 10, 2019December 10, 2019By Editor

Moscow and Islamabad have inked their largest-ever cooperation deal, worth billions of dollars, to expand trade and business, Pakistani officials have announced. It includes huge investments in energy, rail and steel industries. … Read More >Russia looks to invest in Pakistan in a big way