Business

OPEC is struggling to add barrels to the market after agreeing in June to increase output, an internal document seen by Reuters showed, as an increase in Saudi Arabia was offset by declines in Iran, […]

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Mobile telecom gear maker Ericsson announced on Thursday that it has dismissed 50 people over a U.S. corruption probe that could lead to a financial penalty, Reuters informed. The Swedish company has previously said that […]

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Russia is breaking World Trade Organization (WTO) rules by hindering the work of U.S. companies in its market, which leads to a decrease in the quality of goods, the American Trade Association has accused, according […]

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Retail giant Sears filed for Chapter 11 bankruptcy on Monday with a plan to close 142 more stores, throwing into doubt the future of the century-old retailer that once dominated U.S. malls, Reuters informs. The […]

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As Russia prepares to limit the use of U.S. dollars in trade, domestic calls for an oil-backed cryptocurrency that could be shared with other major oil exporting countries are growing, Bitcoin Exchange Guide reports. “Hypothetically, […]

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Ever since the revelation of the full extent of Russian cyber meddling in the U.S. this year, Washington officials have warned that hackers could attack the country’s electric grid, potentially causing major energy disruptions. On […]

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U.S. Commerce Secretary Wilbur Ross indicated Friday that he was looking into replicating a “poison pill” provision in the United States-Mexico-Canada Agreement with other trading partners as well in order to pressure China into opening […]

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Following Sunday’s signing of a trade deal with Canada, President Donald Trump declared victory, saying that dairy markets are now open to U.S. farmers, but the actual gains of the deal may be more insignificant […]

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Investor Mark Mobius believes that until the world’s two largest economies China and the United States reach an agreement on trade, there will be much confrontation. “(China is) going to be tough to begin with […]

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The price that Tesla’s CEO Elon Musk came up with to take his company private really was about weed, and that the embattled chief executive officer tweeted the figure to impress his girlfriend, the rapper […]

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On Thursday, the CEO of Tesla, Elon Musk, faced a lawsuit by the Securities and Exchange Commission for making “false and misleading” statements to investors, allegations he immediately dismissed. The SEC is seeking to prevent […]

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Russian Energy Minister Alexander Novak said on Wednesday he will discuss cooperation in the energy sphere with his U.S. counterpart Rick Perry, describing the move as important for “people’s well-being,” RIA news agency reported. Novak […]

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A U.S. seafood industry group is concerned that President Donald Trump’s planned tariffs against Chinese goods will help their main global competitor, the Russian pollock industry, Russia Business Today informed. Trump’s administration is engaged in […]

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China will respond if the United States takes any new steps on trade, its foreign ministry said on Monday, after President Donald Trump warned he was ready to add tariffs on virtually all Chinese imports […]

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Companies from various industrial branches say that the country’s immigration policies which constrict the flow of foreign workers into the United States negatively affect their operations. The New York Times writes that the Trump administration’s policy […]

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A U.S. federal court ordered the seizure of shares in Venezuelan-owned oil company Citgo, which will be sold to pay a $1.2 billion settlement to a Canadian mining company unless Caracas puts up a bond, […]

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Amid Russia’s sell-off of U.S. securities in the past few months, the biggest so far, the country’s Central Bank didn’t dump all its holdings of United States securities, but simply moved the ownership of part […]

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