Business

June 8, 2020
Oil climbs to three-month highs as Russia & Saudi Arabia lead major producers to extend output cuts

International benchmark Brent broke past $43 per barrel for the first time since early March on Monday after major crude exporters decided to keep record production curbs in place until...

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June 8, 2020
Oil climbs to three-month highs as Russia & Saudi Arabia lead major producers to extend output cuts

International benchmark Brent broke past $43 per barrel for the first time since early March on Monday after major crude exporters decided to keep record production curbs in place until...

Continue Reading
June 8, 2020
Oil climbs to three-month highs as Russia & Saudi Arabia lead major producers to extend output cuts

International benchmark Brent broke past $43 per barrel for the first time since early March on Monday after major crude exporters decided to keep record production curbs in place until...

Continue Reading
June 7, 2020
Russia to buy $1.5 billion worth of pipes to develop Arctic projects & pump gas to China

Russia's energy major Gazprom has announced a record tender to purchase almost 100 billion rubles worth of pipes ($1.5 billion) for its natural gas projects, including the Power of Siberia...

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June 7, 2020
China’s exports turn negative again & imports plunge to new lows amid coronavirus crisis

After showing the first signs of growth in April, Chinese exports fell again last month to $206.8 billion, contracting more than three percent compared with the same period a year...

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June 7, 2020
Lone defectors & possible US shale rise: What could threaten the oil market after OPEC+ deal

Despite the Organization of the Petroleum Exporting Countries (OPEC) and allied oil producers, known as OPEC+, agreeing to extend historic production cuts by one month, there could still be challenges...

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June 7, 2020
Size of America’s permanent underclass grows as Fed continues printing trillions for its ‘overlords’ – bitcoin pioneer Max Keiser

While US stocks are hovering near a three-month high, millions of people are out of work. RT talked to Max Keiser about the economy's current situation and the government's response...

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June 7, 2020
The Latest: Portland protesters dispersed near midnight

TOP OF THE HOUR: — Portland police disperse Oregon protesters near Justice Center — Statue of Confederate Gen. Wickham is toppled in Richmond, Virginia — Police use flash bangs, pepper...

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June 6, 2020
OPEC+ decides to keep oil production cuts through July – Russian energy minister

The Organization of Petroleum Exporting Countries (OPEC) and allied oil producers, led by Russia, have agreed to prolong record oil production cuts until the end of July, Russia's Energy Minister...

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June 6, 2020
Avalanche of bankruptcies threatens to PERMANENTLY wipe out more US jobs – ex-Fed insider tells Boom Bust

While the US unemployment rate slightly dropped from April's high, it might be too early to pop the champagne as the rise in businesses bankruptcies still threatens to shake the...

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June 6, 2020
OPEC+ agrees to extend record oil cuts for another month – reports

The members of the Organization of the Petroleum Exporting Countries (OPEC) and allied oil producers led by Russia have decided to prolong massive output curbs beyond the initially agreed two...

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June 6, 2020
Coronavirus crisis triggers private investment BOOM on Russian stock market

Russians have started to pile into stocks, with the number of private investors hitting a new record. The explosive investment interest came as Covid-19 and falling oil prices rattled the...

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June 6, 2020
Coronavirus crisis triggers private investment BOOM on Russian stock market

Russians have started to pile into stocks, with the number of private investors hitting a new record. The explosive investment interest came as Covid-19 and falling oil prices rattled the...

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June 6, 2020
China vows to do ‘whatever necessary’ to shield its US-blacklisted firms

Beijing has blasted the addition of 33 of its enterprises to the US economic blacklist, known as the Entity List, promising to defend the firms' and institutions' interests by any...

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June 5, 2020
US unemployment rate not as awful as expected with surprising job increase

The US labor market has made an unexpected rebound in contrast to earlier gloomy forecasts, with the economy gaining 2.5 million jobs as the country started lifting coronavirus lockdowns. The...

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June 5, 2020
Oil prices rally on hopes that major global producers led by Russia & Saudi Arabia will extend supply cuts

Brent crude broke the $41 per barrel threshold for the first time since early March, while US crude benchmark West Texas Intermediate (WTI) was up almost two percent on Friday...

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June 5, 2020
‘Amazon wouldn’t be nearly as large’ if US was a real economy – Peter Schiff responds to Elon Musk’s call to break up monopolies

Veteran stockbroker Peter Schiff has shared his view on Elon Musk's call to break up monopolies, particularly e-commerce giant Amazon. According to Schiff, it's time to end the US Federal...

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June 5, 2020
Forcing Chinese firms off American stock markets will backfire on US, Beijing warns

As tensions between the world's two biggest economies seep into the financial markets, Beijing has warned that pressure from Washington on its companies would severely harm the US economy. China's...

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June 5, 2020
US billionaires’ wealth soars by $565 BILLION during pandemic while millions lose jobs

More than 42 million people in the US have filed for unemployment since the start of the Covid-19 crisis. Data shows that, over those same 11 weeks, the nation's billionaire...

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June 5, 2020
India unveils ambitious plan to become global tech manufacturing hub

Global companies are welcome to tap into India's resources, including IT and human capital, the technology minister said shortly after New Delhi unveiled a multibillion-dollar incentive to woo electronics manufacturing....

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June 5, 2020
China’s crude oil imports rebound to near record high

China's crude oil imports jumped by 13 percent from April to near record-highs of 11.11 million bpd in May, due to favorable spreads of the Shanghai-traded yuan-denominated oil futures and...

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June 4, 2020
Oil prices slide amid OPEC+ production cuts meeting uncertainty

Major global oil producers could still hold a ministerial video conference this week if Iraq and other non-complying OPEC+ members promise to deepen their production cuts, Reuters reported on Thursday,...

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June 4, 2020
With US economy dead since 2008, only thing left for Fed is to print trillions of dollars in debt – Keiser Report

The US Federal Reserve's balance sheet could skyrocket to more than $9 trillion by the end of this year, amid massive interventions to shield the economy from the coronavirus pandemic,...

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June 4, 2020
Russia ramps up natural gas delivery to China via Power of Siberia mega pipeline

The customs service for Heihe in northeast China's Heilongjiang Province has said some 1.58 billion cubic meters of Russian natural gas have been imported via the Power of Siberia pipeline...

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June 4, 2020
US unemployment rate could reach 20%, with nearly 43 MILLION Americans out of work

The US Labor Department released its weekly jobless claims report on Thursday, showing that another 1.877 million Americans have filed for unemployment benefits in the week ending May 30. This...

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June 4, 2020
Russia Inc is back in business: Rebound now visible as the ruble breaks below 70 to the dollar

If Russia's plan was not to panic, keep its powder dry and wait for oil prices to recover, then that plan is working pretty well. The ruble broke back below...

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June 3, 2020
OPEC’s second largest producer won’t give up on output cuts

OPEC's second-largest producer and the biggest laggard in the output cuts, Iraq, will further reduce production and remains committed to the OPEC+ pact, said Iraqi Deputy Prime Minister and acting...

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June 3, 2020
‘Welcome signpost for global economy’: China could lead oil demand recovery to pre-pandemic levels

The world's second-largest oil consumer, China, could accelerate global oil demand in the second half of 2020, industry executives told Reuters, as more countries continue to emerge from COVID-19 lockdowns....

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June 3, 2020
US Transportation Dept set to BLOCK Chinese passenger flights in tit-for-tat dispute

The US Department of Transportation has confirmed it will suspend Chinese passenger carriers' flights into the US starting June 16 after Beijing refused to approve several US airlines seeking to...

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June 3, 2020
Silver on the way to hit RECORD HIGH as ‘general commodity bull market’ coming – Peter Schiff to Boom Bust

The price of precious metals, including gold and silver, has been falling lately amid growing tensions between the United States and China, and the recent stock market rally. RT's Boom...

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June 3, 2020
Silver on the way to hit RECORD HIGH as ‘general commodity bull market’ coming – Peter Schiff to Boom Bust

The price of precious metals, including gold and silver, has been falling lately amid growing tensions between the United States and China, and the recent stock market rally. RT's Boom...

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June 3, 2020
Venezuela’s oil exports crash to 17-year low under tightening US sanctions

Crude supplies from Venezuela nosedived in May to their lowest level since 2003 after two Mexican firms that acted as intermediaries for sales stopped receiving oil, having been blacklisted by...

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June 3, 2020
Renault secures €5 billion government loan to survive coronavirus shutdown

The French government said it has signed off on a state-backed loan of €5 billion ($5.6 billion) for carmaker Renault in the wake of the Covid-19 shutdown, which had prompted...

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June 2, 2020
Russia reduces oil production in May close to OPEC+ target

Oil and gas condensate production in Russia declined by 15 percent year-on-year in May to 39.7 million tons or 9.39 million barrels per day (bpd), according to Energy Ministry data....

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June 2, 2020
US Federal Reserve printing money for the few while hundreds of millions live on subsistence wages – RT’s Keiser Report

As the Federal Reserve continues printing money, its chair, Jerome Powell, insists that the central bank's policies will “absolutely not” lead to more income inequality. RT's Keiser Report points out...

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June 2, 2020
Offshore oil is on the brink of collapse

Project cancellations, spending cuts, well shut-ins: the problems and dilemmas plaguing onshore oil producers have also spread to offshore. And while the effects of the Covid-19 pandemic on onshore drilling...

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June 2, 2020
Offshore oil is on the brink of collapse

Project cancellations, spending cuts, well shut-ins: the problems and dilemmas plaguing onshore oil producers have also spread to offshore. And while the effects of the Covid-19 pandemic on onshore drilling...

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June 2, 2020
China’s digital yuan could replace bitcoin & end US dollar hegemony

The Chinese sovereign digital currency, which may be offered to the public next year, is projected to replace paper money. Analysts say it may even shift the global balance of...

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June 2, 2020
China’s digital yuan could replace bitcoin & end US dollar hegemony

The Chinese sovereign digital currency, which may be offered to the public next year, is projected to replace paper money. Analysts say it may even shift the global balance of...

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June 2, 2020
India’s credit rating cut to lowest investment grade

Moody's Investors Service has downgraded India's credit rating to Baa3 from Baa2 with negative outlook, citing growing risks that Asia's third-largest economy will face a prolonged period of slower growth...

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