BUSINESS

Russia Continues to Boost Gold Reserves, Adds Further $2.7 Bln to Int’l Assets

Russia Continues to Boost Gold Reserves, Adds Further $2.7 Bln to Int’l Assets

The country’s total foreign holdings are now above the $500 billion target set by the Central Bank of Russia a…
Elon Musk Nudges Past Warren Buffet, Becoming 7th Richest Person Alive

Elon Musk Nudges Past Warren Buffet, Becoming 7th Richest Person Alive

The car manufacturer’s stock has jumped more than 500% over the past 12 months, giving Musk hope of challenging other…
Analysts Say Oil Price May Rebound to $150 by 2025 After This Year’s Collapse, WSJ Reports

Analysts Say Oil Price May Rebound to $150 by 2025 After This Year’s Collapse, WSJ Reports

MOSCOW (Sputnik) – After the collapse of fuel prices at the beginning of the year due to the COVID-19 pandemic…
Libya’s NOC Says Lifting Force Majeure on Oil Exports But Production Low for Now

Libya’s NOC Says Lifting Force Majeure on Oil Exports But Production Low for Now

MOSCOW (Sputnik) – Libya’s National Oil Corporation (NOC) said Friday it had lifted the force majeure regime off oil exports,…
Dow Slumps 361 Points as US COVID-19 Cases Surge

Dow Slumps 361 Points as US COVID-19 Cases Surge

US stocks fell into red territory Thursday, with the Dow Jones Industrial Average index plummeting more than 350 points as…
Huawei Set to Top Samsung In Global Smartphone Sales for Third Month Despite US Trade War, Tech Ban

Huawei Set to Top Samsung In Global Smartphone Sales for Third Month Despite US Trade War, Tech Ban

The world’s largest IT equipment provider topped Samsung for smartphone shipments in April and May and is set to claim…
Insatiable Appetite for Gold? Safe Haven Bullion Notches Record-Highs on Alarms over COVID-19

Insatiable Appetite for Gold? Safe Haven Bullion Notches Record-Highs on Alarms over COVID-19

While European shares opened lower amid a soaring COVID-19 caseload and failing hopes of for a swift global economic rebound,…
Chinese Chip Firm SMIC To Double Shanghai Stock Listing In Largest Sale in Decades Amid US Trade War

Chinese Chip Firm SMIC To Double Shanghai Stock Listing In Largest Sale in Decades Amid US Trade War

The news comes as investors have begun massive levels of investment in the mainland tech firm’s push for self-sufficiency, with…
Goldman Sachs Upgrades Forecast for US Economy In Surge of Optimism Over COVID-19 Vaccine Hopes

Goldman Sachs Upgrades Forecast for US Economy In Surge of Optimism Over COVID-19 Vaccine Hopes

Earlier, as states reopen after months of lockdown to stop the spread of COVID-19, US President Donald Trump touted small…
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