Business – Page 254 – THE OVAL CIRCLE

Business Russia

Russia’s largest oil company ditches dollar in new oil deals

Posted on October 7, 2019By Editor

Russia’s largest oil company Rosneft has set the euro as the default currency for all new exports of crude oil and refined products. … Read More >Russia’s largest oil company ditches dollar in new oil deals

Business Russia

Cashless society: Russia outpaces Europe in cash-free transactions growth

Posted on October 7, 2019By Editor

Russia has enjoyed “phenomenal” growth of cashless payments in eight years, outpacing other European countries, as the amount of transactions soared 30-fold from 2010 to 2018 … Read More >Cashless society: Russia outpaces Europe in cash-free transactions growth

Rothschild wants to help Saudi Binladin Group restructure debt

Posted on October 6, 2019By Editor

Multinational investment banks Rothschild and Moelis have been shortlisted to advise on restructuring about $15 billion of debt at Saudi Arabia’s biggest construction firm, Saudi Binladin Group. … Read More >Rothschild wants to help Saudi Binladin Group restructure debt

Countries resisting US pressure to ban Huawei’s 5G equipment

Posted on October 6, 2019By Editor

The US has been trying to convince its allies and the rest of the world to ditch Huawei’s 5G technology over an alleged national security threat. … Read More >Countries resisting US pressure to ban Huawei’s 5G equipment

Russia considering imposing digital tax on Google & Facebook

Posted on October 6, 2019October 6, 2019By Editor

Global tech giants like Google, Facebook and Apple should bring revenue to the countries where they are doing business, the Russian Finance Ministry has announced. … Read More >Russia considering imposing digital tax on Google & Facebook

Dow Jones in Freefall for Third Straight Day Over Depressing Manufacturing, Services Numbers

Posted on October 6, 2019By Editor

US markets began a major slide on Tuesday morning after the release of a report on US manufacturing showing industrial activity falling to its lowest level since June 2009 in September. … Read More >Dow Jones in Freefall for Third Straight Day Over Depressing Manufacturing, Services Numbers

France & EU ready to respond with sanctions in trade rift with US over Airbus

Posted on October 6, 2019By Editor

French Finance Minister Bruno Le Maire said on Thursday that the European Union is ready to respond “with sanctions” should Washington reject Brussels’ offer in settling the Airbus trade dispute. … Read More >France & EU ready to respond with sanctions in trade rift with US over Airbus

Trade war on Western front: US slaps 25% tariffs on French wine, Italian cheese & Scotch whisky

Posted on October 6, 2019By Editor

The Trump administration has opened another front in its global trade war, slapping the EU with a hefty 25 percent tariff on a variety of industrial and agricultural products, risking a tit-for-tat response. … Read More >Trade war on Western front: US slaps 25% tariffs on French wine, Italian cheese & Scotch whisky

Ice Age: Russia’s Lukoil ships Arctic oil to China in unusual trade flow

Posted on October 6, 2019By Editor

Lukoil has entered into an oil trade agreement with China to ship Arctic crude to the trading unit of the the China National Petroleum Corporation. … Read More >Ice Age: Russia’s Lukoil ships Arctic oil to China in unusual trade flow

Russia dumps half its US dollar holdings, while boosting gold, yuan & euro share of forex reserves

Posted on October 6, 2019October 6, 2019By Editor

Russia has halved the US currency share from its international reserves in one year, opting instead to increase gold, yuan and euro holdings, recent data from the country’s central bank shows. … Read More >Russia dumps half its US dollar holdings, while boosting gold, yuan & euro share of forex reserves