Business – Page 151 – THE OVAL CIRCLE

Russia plans to boost oil production next year under OPEC+ agreement

Posted on December 26, 2020December 26, 2020By Editor

Russia will support hiking production under the historic OPEC+ accord by 500,000 barrels a day in February if the market continues to stabilize, the deputy prime minister in charge of the energy sector, Alexander Novak, has said. … Read More >Russia plans to boost oil production next year under OPEC+ agreement

Business

China’s demonstrating its economy is remarkable in today’s world – Professor Wolff

Posted on December 26, 2020December 26, 2020By Editor

RT’s Boom Bust explores the impact of the Covid-19 pandemic on multiple sectors. It also looks at China’s recent announcement that it has eliminated poverty nationwide, and how it managed to do it. … Read More >China’s demonstrating its economy is remarkable in today’s world – Professor Wolff

Business

Russia to invest more than $200 billion in fighting poverty

Posted on December 25, 2020December 25, 2020By Editor

The Russian government is to spend a total of 15.3 trillion rubles (nearly $207 billion) over five years to reduce poverty and boost citizens’ real incomes, the country’s Accounts Chamber has said in its latest report. … Read More >Russia to invest more than $200 billion in fighting poverty

Business

US sanctions may lead to dollar’s demise, Russian central bank warns

Posted on December 25, 2020December 25, 2020By Editor

The greenback may fall victim to Washington’s sanctions, as these policies force global players to ditch the US dollar and switch to national currencies in trade, according to the Central Bank of Russia (CBR). … Read More >US sanctions may lead to dollar’s demise, Russian central bank warns

Business

Game over US, the world does not want your dollar anymore – Peter Schiff

Posted on December 25, 2020December 25, 2020By Editor

The dollar index broke below 90 last week for the first time since the spring of 2018. The growing weakness means a major decline is coming for the greenback in 2021, says veteran stockbroker Peter Schiff. … Read More >Game over US, the world does not want your dollar anymore – Peter Schiff

Business

China’s GDP to grow 7.9% next year to pre-pandemic level, says World Bank

Posted on December 25, 2020December 25, 2020By Editor

The growth of China’s gross domestic product (GDP) will accelerate to 7.9 percent next year from the two percent in 2020, according to a report by the World Bank published on Wednesday. … Read More >China’s GDP to grow 7.9% next year to pre-pandemic level, says World Bank

Business

India negotiating trade pacts with Brazil & Argentina

Posted on December 25, 2020December 25, 2020By Editor

New Delhi is in talks with Argentina and Brazil to sign trade agreements with the two largest markets in South America as it aims to strengthen commerce with the region. … Read More >India negotiating trade pacts with Brazil & Argentina

Business

No matter how much money Americans get under stimulus bill, it’s not enough to deal with their financial problems – Prof. Wolff

Posted on December 25, 2020December 25, 2020By Editor

US lawmakers have finally agreed on a coronavirus relief package to help struggling businesses and workers, but President Donald Trump has criticized it, calling on the bill to give Americans larger stimulus checks. … Read More >No matter how much money Americans get under stimulus bill, it’s not enough to deal with their financial problems – Prof. Wolff

Business

Russia avoided critical economic contraction in face of coronavirus crisis – Putin

Posted on December 25, 2020December 25, 2020By Editor

The coronavirus pandemic did not result in a critical downturn for the Russian economy thanks to the support measures implemented by the government, President Vladimir Putin has stated. … Read More >Russia avoided critical economic contraction in face of coronavirus crisis – Putin

Business

Russia’s weekly gold & foreign currency reserves jump by $6.5 billion

Posted on December 25, 2020December 25, 2020By Editor

Russia’s foreign exchange holdings rose by over one percent in one week to reach a total of $593.6 billion, according to the latest central bank data. … Read More >Russia’s weekly gold & foreign currency reserves jump by $6.5 billion

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