Business – Page 202 – THE OVAL CIRCLE

No quick bounce back: Russia’s real GDP to recover in mid-2022 but ruble to remain strong, Economy Ministry says

Posted on June 20, 2020June 20, 2020By Editor

Russia’s Ministry of Economic Development has released a fresh forecast for 2019-2022. The ministry said there will be no V-shaped recovery: after a five percent plunge in 2020, real GDP will only recover starting in mid-2022. … Read More >No quick bounce back: Russia’s real GDP to recover in mid-2022 but ruble to remain strong, Economy Ministry says

Business

Eurozone economy heading for ‘sharp decline’ of 13%, ECB warns

Posted on June 20, 2020June 20, 2020By Editor

The head of the European Central Bank (ECB), Christine Lagarde, has warned of a major economic downturn for the European Union, leading to a surge in unemployment. … Read More >Eurozone economy heading for ‘sharp decline’ of 13%, ECB warns

Business

Stock market a massive bubble owned by Federal Reserve, market analyst tells RT’s Boom Bust

Posted on June 20, 2020June 20, 2020By Editor

The US Federal Reserve started buying corporate bonds this week as part of a $250 billion program funded by the CARES Act. The move aims to backstop corporations and their employees. … Read More >Stock market a massive bubble owned by Federal Reserve, market analyst tells RT’s Boom Bust

Business

A third of global energy companies will shed jobs due to Covid-19, warns World Energy Council

Posted on June 18, 2020June 18, 2020By Editor

The coronavirus crisis will become a “stress test for the global energy system,” resulting in major changes for the energy industry, said Secretary General of the World Energy Council Angela Wilkinson. … Read More >A third of global energy companies will shed jobs due to Covid-19, warns World Energy Council

Business

Chinese firms leaving US in droves as Trump ratchets up pressure

Posted on June 18, 2020June 18, 2020By Editor

As tensions between Washington and Beijing continue to rise, Chinese companies have started scrapping their US listings in favor of alternative venues, particularly mainland China and Hong Kong. … Read More >Chinese firms leaving US in droves as Trump ratchets up pressure

Business

Crash of US dollar is imminent, warns veteran economist Stephen Roach

Posted on June 17, 2020June 17, 2020By Editor

While the coronavirus pandemic may become the last nail in the coffin of the US dollar’s status as the primary reserve currency, the seeds of its inevitable decline were sown long ago, a former Morgan Stanley economist believes. … Read More >Crash of US dollar is imminent, warns veteran economist Stephen Roach

Business

Washington backs down, allowing US companies to work with Huawei on 5G standards

Posted on June 17, 2020June 17, 2020By Editor

The US Commerce Department has issued a change to its sweeping Huawei ban, saying that it will allow American companies to cooperate with the Chinese tech firm on setting standards for next-generation 5G networks. … Read More >Washington backs down, allowing US companies to work with Huawei on 5G standards

Business

Apple faces EU anti-competition probes into company’s App Store and Apple Pay practices

Posted on June 17, 2020June 17, 2020By Editor

Brussels has launched two antitrust investigations against Apple over its App Store rules and the Apple Pay platform. The regulator suspects that the tech giant’s services may violate EU competition rules. … Read More >Apple faces EU anti-competition probes into company’s App Store and Apple Pay practices

Business

Russia to slash key interest rate to post-Soviet-era low

Posted on June 17, 2020June 17, 2020By Editor

The Bank of Russia is set to further cut its interest rate to the lowest level in the country’s recent history at a meeting later this week, with economists expecting it be reduced by at least 50 basis points. … Read More >Russia to slash key interest rate to post-Soviet-era low

Business

Will America’s pipeline operators survive the oil crisis?

Posted on June 17, 2020June 17, 2020By Editor

US midstream companies have seen pipeline utilizations rates crash in recent months, but some of these firms can’t wait for better times and are forced to diversify away from oil. … Read More >Will America’s pipeline operators survive the oil crisis?

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