Business

February 5, 2020
Bear run sends oil down for 10th straight session

A bear stampede has taken hold of oil markets as the coronavirus continues to spread fear, uncertainty and doubt. Oil futures slid for a 10th straight session Monday as casualties...

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February 4, 2020
UK going to have ‘a very favorable’ post-Brexit deal, business development leader tells Boom Bust

The European Union and Britain has clashed over a post-Brexit trade deal on Monday, as the two sides are setting out very different visions of their future relationship. RT's Boom...

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February 4, 2020
Thai businesses to invest in Russia’s Far East LNG terminal construction

Businessmen from Thailand want supplies of Russian liquefied natural gas (LNG) and could invest in setting up an LNG transshipment terminal on Sakhalin, according to the region's governor Valery Limarenko....

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February 4, 2020
China prepares to roll out more measures to bolster economy

Chinese policymakers are reportedly preparing measures for backing up the country's economy following the coronavirus outbreak, which is expected to negatively impact the first-quarter growth. The government is debating whether...

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February 4, 2020
‘Alienate countries around the world’: Washington pushes ahead with plan to punish ‘currency manipulation’

The US Department of Commerce has finalized new rules to impose anti-subsidy duties on products from countries that it has determined undervalue their currencies against the dollar. The rules would...

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February 3, 2020
OPEC may deepen production cuts as global oil demand at risk

The Organization of the Petroleum Exporting Countries (OPEC) and its allies could reportedly cut their oil output by a further 500,000 barrels per day (bpd) due to the impact on...

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February 3, 2020
India’s growth target for 2021 is ‘realistic’ – finance minister

Asia's third-largest economy, India, is projected to grow in the range of six percent to 6.5 percent in the new fiscal year that begins on April 1. According to the...

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February 3, 2020
Dubuque considering splitting $1.8M dock cost with company

Dubuque officials are considering sharing the cost of building a $1.8 million dock that would let river cruise ships stop to let passengers explore the city. A 20-year agreement between...

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February 3, 2020
Soaring bitcoin could ‘explode in value’ as investors panic over coronavirus

Flagship cryptocurrency bitcoin spiked on Monday after the Chinese stock market crashed on its reopening following an extended Lunar New Year break. Bitcoin surged to $9,608, the highest since October,...

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February 3, 2020
Soaring bitcoin could ‘explode in value’ as investors panic over coronavirus

Flagship cryptocurrency bitcoin spiked on Monday after the Chinese stock market crashed on its reopening following an extended Lunar New Year break. Bitcoin surged to $9,608, the highest since October,...

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February 3, 2020
Soaring bitcoin could ‘explode in value’ as investors panic over coronavirus

Flagship cryptocurrency bitcoin spiked on Monday after the Chinese stock market crashed on its reopening following an extended Lunar New Year break. Bitcoin surged to $9,608, the highest since October,...

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February 3, 2020
Worst day in years as Chinese markets plunge 8% amid coronavirus outbreak

China's stock markets tanked on Monday, their first day of trading after an extended Lunar New Year holiday, with nearly 3,500 stocks dropping by the daily 10 percent limit. The...

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February 3, 2020
Coronavirus may cripple fuel demand in all of Asia

The coronavirus hasn't just led to a slowdown in fuel demand in China, it's also starting to impact the demand for transportation fuels in wider Asia. Demand for jet fuel,...

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February 2, 2020
US-China oil deal dictated by a market that hates it

The ‘big beautiful monster' Phase One trade deal between the United States and China may end up being truly beautiful for US exports on paper only—at least as far as...

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February 2, 2020
Russian cruise line offers Arctic voyages along the Northern Sea Route

Cruises along the Northern Sea Route, as well as trips to Antarctica, will be available to travelers starting from 2021, Russian cruise line Vodohod has announced. “We have big plans...

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February 2, 2020
China’s central bank pumps $173bn into economy to heal damage from coronavirus outbreak

The People's Bank of China (PBOC) will allocate a hefty sum to stabilize the currency market and ensure there is enough liquidity in the country's financial institutions, which remain thwarted...

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February 2, 2020
Huawei tops list of global 5G smartphone suppliers

Demand for 5G smartphones has been growing with shipments of 19 million units last year, the latest report by research firm Strategy Analytics shows. “Fierce vendor competition in China and...

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February 2, 2020
India’s gold demand to recover from 3-year low, World Gold Council says

India, the second-largest gold consumer globally, is expected to see growing demand for the precious metal this year in the range of 700-800 tons, up from 690 tons in 2019....

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February 2, 2020
India’s gold demand to recover from 3-year low, World Gold Council says

India, the second-largest gold consumer globally, is expected to see growing demand for the precious metal this year in the range of 700-800 tons, up from 690 tons in 2019....

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February 2, 2020
India’s gold demand to recover from 3-year low, World Gold Council says

India, the second-largest gold consumer globally, is expected to see growing demand for the precious metal this year in the range of 700-800 tons, up from 690 tons in 2019....

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February 1, 2020
Pompeo says US can cover 100% of Belarus’ oil needs amid Minsk row with Moscow

US Secretary of State Mike Pompeo has offered to cover all Belarus oil needs with American product at competitive prices. The sales pitch comes after Belarus lost access to low...

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February 1, 2020
Oil prices see biggest January loss in 30 years

Crude oil prices slid a painful 15% in January - the biggest January slide since 1991- as the coronavirus claims the death of more than 200 souls and counting. After...

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February 1, 2020
Apple closes all stores in China over mounting coronavirus worries

The iPhone maker has temporarily shut down all its retail stores and offices across mainland China till February 10 as part of preemptive measures amid the outbreak of the deadly...

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January 31, 2020
Shipments of smartphones halted to Russia as coronavirus epidemic spreads – media

US tech giant Apple and Chinese manufacturers, including Huawei, Xiaomi, and ZTE, have suspended supplies of phones to Russia, according to reports just hours before the first cases of coronavirus...

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January 31, 2020
Why is Mexico trying to raffle off its luxurious presidential jet for just $25…? RT’s Boom Bust explores

Mexican President Andres Manuel Lopez Obrador announced plans to sell off his predecessor's official jet which he says is too extravagant for the head of state of a developing country....

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January 31, 2020
France’s economy caves under pressure of massive protests

The French economy, one of the largest in the EU, has failed to meet expectations and contracted for the first time under the presidency of Emmanuel Macron in the final...

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January 31, 2020
Feast in time of plague? Trump official says China coronavirus is good for US economy

US Commerce Secretary Wilbur Ross said on Thursday the deadly coronavirus outbreak that has claimed the lives of 213 and infected almost 10,000 people globally could boost the US economy....

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January 31, 2020
Boeing downgraded by Moody’s amid plane maker’s ongoing 737 MAX fiasco

Credit rating agency Moody's has slashed senior unsecured debt ratings for US aerospace giant Boeing and its subsidiary after the company reported financial losses due to the grounding of its...

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January 30, 2020
Russia adds nearly $1 billion to forex reserves, raising them to almost $560 billion

Russian gold and foreign currency holdings have increased to a total of $559.8 billion, according to the latest data released by the country's central bank. The international funds increased by...

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January 30, 2020
Global stocks fall over investor uncertainty as deadly virus continues to spread

Concerns over the rapidly spreading coronavirus continued to spook investors across the globe on Thursday with the death toll and the number of those infected rising. Asian stocks closed in...

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January 30, 2020
China’s digital yuan will displace US dollar’s hegemony & bitcoin will join race, investor tells RT’s Keiser Report

US Treasury Secretary Steven Mnuchin recently rejected suggestions that the Trump administration is weaponizing the dollar through its trade-restricting policies with other countries. Max Keiser is joined by American investor...

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January 30, 2020
US tariffs will remain no matter what coronavirus does to China’s economy – US trade advisor

Washington will not make tariff concessions to Beijing, White House trade advisor Peter Navarro has said, amid fears that the outbreak of a deadly virus in China could take a...

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January 30, 2020
Bayer may halt sales of cancer-linked glyphosate products to private users

German pharmaceutical giant Bayer is considering stopping sales of its weedkiller containing glyphosate to individual users. The firm is facing tens of thousands of lawsuits that claim the product causes...

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January 29, 2020
EU defies US’ calls to ban Huawei, granting Chinese tech firm limited role in 5G rollout

The European Commission has issued its guidance on 5G and the role that “high-risk” vendors should play in networks. It followed the UK's lead in stopping short of recommending a...

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January 29, 2020
Boeing reports first annual loss in over two decades as 737 MAX crisis drags on

Rising costs from the grounding of its once-bestselling 737 MAX jets have left US aerospace giant Boeing with its first annual loss in net revenue since 1997. The American plane...

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January 29, 2020
Could coronavirus be the recessionary catalyst that triggers a global economic downturn? RT’s Boom Bust investigates

While the markets have slightly rebounded after the shock of the coronavirus outbreak, the effects of the crisis could ripple across industries, ex-Fed insider Danielle DiMartino Booth believes. After sliding...

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January 29, 2020
Could coronavirus be the recessionary catalyst that triggers a global economic downturn? RT’s Boom Bust investigates

While the markets have slightly rebounded after the shock of the coronavirus outbreak, the effects of the crisis could ripple across industries, ex-Fed insider Danielle DiMartino Booth believes. After sliding...

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January 29, 2020
Gold price will skyrocket if Bernie Sanders wins 2020 presidential election, says Peter Schiff

The price of gold, which hit its highest level in seven years, reaching almost $1,600 an ounce this week, will continue to rally, says veteran stock broker Peter Schiff. According...

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January 29, 2020
Oil prices rise on surprise crude draw

The American Petroleum Institute (API) estimated on Tuesday a surprise large crude oil inventory draw of 4.27 million barrels for the week ending January 24, compared to analyst expectations of...

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January 29, 2020
Russian economic growth better than expected amid Western sanctions & global slowdown

The Russian economy expanded by 1.4 percent last year, the Ministry of Economic Development has said in its latest report. Annual growth is weaker than in 2018, but beat the...

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