Business – Page 155 – THE OVAL CIRCLE

US bond market is BROKEN, thanks to the Federal Reserve – Peter Schiff

Posted on December 11, 2020December 11, 2020By Editor

While analysts insist inflation isn’t a problem in the US because the bond market isn’t signaling any inflation concerns, veteran stockbroker Peter Schiff argues that you can’t rely on this bond market to tell you anything. … Read More >US bond market is BROKEN, thanks to the Federal Reserve – Peter Schiff

Business

EU to force Big Tech to police internet or face large fines – report

Posted on December 11, 2020December 11, 2020By Editor

The EU will require “very large” tech companies such as Facebook and Amazon to take greater responsibility for policing the internet or face fines of up to six percent of their turnover, the Financial Times reported on Thursday. … Read More >EU to force Big Tech to police internet or face large fines – report

Business

Consumer prices in China decline for first time in over decade

Posted on December 10, 2020December 10, 2020By Editor

The recovery in pork supply has driven consumer prices in China lower for the first time since 2009, according to new data from the country’s statistics agency. … Read More >Consumer prices in China decline for first time in over decade

Business

Economic decoupling from China ‘act of national self-sabotage’ – Australian MP

Posted on December 10, 2020December 10, 2020By Editor

A productive relationship between Canberra and Beijing is in the interest of both countries, according to Tim Watts, a Labor member of Australia’s parliament. Relations between the countries have deteriorated in recent years. … Read More >Economic decoupling from China ‘act of national self-sabotage’ – Australian MP

Business

China’s exports surge at fastest pace in nearly 3 years to hit record high

Posted on December 8, 2020December 8, 2020By Editor

November has become the most lucrative month for China’s exports, driven by strong demand for pandemic-related items such as electronics and protective gear. … Read More >China’s exports surge at fastest pace in nearly 3 years to hit record high

Business

China’s forex reserves hit 4-year high on booming trade & strong yuan

Posted on December 8, 2020December 8, 2020By Editor

China boosted its foreign exchange reserves, the world’s largest, by over $50 billion in one month. The holdings rose to the highest in more than four years to reach $3.178 trillion in November. … Read More >China’s forex reserves hit 4-year high on booming trade & strong yuan

Business

Iran sends BIGGEST EVER fleet of oil tankers to Venezuela, defying US sanctions – report

Posted on December 8, 2020December 8, 2020By Editor

Iran is sending a large fleet of oil tankers to Venezuela to help the Latin American nation survive a severe lack of fuel, Bloomberg has reported, citing sources. Both countries are facing US sanctions targeting their oil trade. … Read More >Iran sends BIGGEST EVER fleet of oil tankers to Venezuela, defying US sanctions – report

Business

Chinese retail giant JD.com becomes first big online shop to accept digital yuan in $3mn ‘lottery’ trial

Posted on December 7, 2020December 7, 2020By Editor

China is set to hold one of the biggest trials of its sovereign digital currency, making it available for payments at one of its biggest e-commerce platforms, JD.com, after yet another massive giveaway. … Read More >Chinese retail giant JD.com becomes first big online shop to accept digital yuan in $3mn ‘lottery’ trial

Business

US makes last-ditch effort to freeze Nord Stream 2 as massive gas project nears completion

Posted on December 7, 2020December 7, 2020By Editor

The US wants Germany and its European partners to halt construction on Nord Stream 2, a top American diplomat has said. Russian ships have increased activity in the area where the last stretch of the unfinished pipeline lies. … Read More >US makes last-ditch effort to freeze Nord Stream 2 as massive gas project nears completion

Business

China to build over a million new 5G stations next year

Posted on December 7, 2020December 7, 2020By Editor

Chinese telecom carriers have managed to build more than 600,000 new 5G base stations this year, in addition to about 100,000 5G stations built in 2019, said Wu Hequan, an academic at the Chinese Academy of Engineering. … Read More >China to build over a million new 5G stations next year

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