Business – Page 217 – THE OVAL CIRCLE

Russian economy resilient to oil market shocks – Moody’s

Posted on March 26, 2020June 15, 2020By Editor

Russia is less vulnerable to external shocks linked to turbulence in energy markets than many other oil-exporting nations, according to rating agency Moody’s. … Read More >Russian economy resilient to oil market shocks – Moody’s

Business

Putin calls for 15% tax on offshore funds as part of plan to stabilize Russian economy

Posted on March 26, 2020June 15, 2020By Editor

Russian President Vladimir Putin outlined a range of measures on Wednesday to tackle the economic impact of the Covid-19 outbreak. They included making sure that everyone pays their fair share of taxes. … Read More >Putin calls for 15% tax on offshore funds as part of plan to stabilize Russian economy

Business

Covid-19 lockdown threatens to destroy 37 MILLION jobs in US

Posted on March 24, 2020March 24, 2020By Editor

Unemployment in the United States could hit unprecedented levels in the coming weeks and months, according to recent research by the developers of the US Private Sector Job Quality Index (JQI). … Read More >Covid-19 lockdown threatens to destroy 37 MILLION jobs in US

Business

Oil majors are preparing for $10 oil

Posted on March 24, 2020March 24, 2020By Editor

The wave of oil industry spending cuts continues, with the majors now announcing significant reductions to spending as oil remains stuck in the $20s. … Read More >Oil majors are preparing for $10 oil

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US markets bounce back on government rescue promise & Fed vow to PRINT MORE MONEY

Posted on March 24, 2020By Editor

The main American stock indexes surged on optimism that the huge government rescue bill to save the economy from the coronavirus is close to being passed, and an unlimited stimulus promise from the Federal Reserve. … Read More >US markets bounce back on government rescue promise & Fed vow to PRINT MORE MONEY

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European markets tumble as global health crisis takes toll on economy

Posted on March 23, 2020By Editor

The FTSE index is down over four percent at the start of trading in London, while Germany’s DAX and France’s CAC have plummeted almost five percent. The pan-European Stoxx 600 dropped 4.5 percent at the opening bell on Monday, with industrials nosediving six percent to lead the losses. … Read More >European markets tumble as global health crisis takes toll on economy

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US stocks plunge despite Fed promises to pump unlimited amount of money into economy

Posted on March 23, 2020March 23, 2020By Editor

Wall Street’s main indices are down after opening on Monday for the first ever all-electronic trading session, which is aimed at protecting New York Stock Exchange employees from the coronavirus. … Read More >US stocks plunge despite Fed promises to pump unlimited amount of money into economy

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US debt crisis wasn’t supposed to happen until at least 2035. Covid-19 is rapidly pushing it closer

Posted on March 22, 2020March 22, 2020By Editor

The overall price tag of the fiscal stimulus package in the US could be around one trillion dollars. With record budget deficits and its national debt at $23 trillion, is the US hastening toward a fiscal reckoning? … Read More >US debt crisis wasn’t supposed to happen until at least 2035. Covid-19 is rapidly pushing it closer

Business

April could be WORST MONTH EVER for oil

Posted on March 22, 2020March 22, 2020By Editor

Oil producers are facing their worst crisis in history, but the market is not at a bottom yet, according to several analysts. … Read More >April could be WORST MONTH EVER for oil

Business

Russian First Deputy Prime Minister Says Oil Market Slumped on ‘Arab Partners’ Initiative’

Posted on March 22, 2020March 22, 2020By Editor

“Russia’s position has never been to collapse oil prices. This is our Arab partners’ initiative. Actually, the prime minister spoke about this. I can confirm this since I participated in the meeting where the directives were drawn up”, Belousov told the broadcaster Rossiya 1. … Read More >Russian First Deputy Prime Minister Says Oil Market Slumped on ‘Arab Partners’ Initiative’

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