Companies That Exited Russia Gain In The Market
After Russia’s invasion of Ukraine, almost 1000 companies announced they were pulling out of Russia, either out of moral indignation, or to avoid what they assumed would be an unfavorable…
China Ex-City Party Chief Sentenced To Death With Reprieve
A former Chinese Communist Party (CCP) chief and securities regulator was sentenced to death by the Chinese government for bribery and insider trading. The sentence was subject to a two…
Is China In Economic Trouble?
Many are pleased to see China finally emerging from Coronavirus lockdowns, but some analysts are striking cautious tones, noting China may have some economic issues which will not be resolved…
US Beats China, Is Top Trading Partner Of India
The US recently beat out China to become the top trading partner of India according to new data from India’s Ministry of Commerce and Industry. The US did US$119.4 billion…
The Russian Grain Union Is Looking To Get Paid In Rubles
Business daily Kommersant is reporting that the Russian Union of Grain Exporters is working with the Bank of Russia to begin selling Russian produce for rubles. At the regulators meeting…
Russia’s Biggest Bank Officially Blocked From SWIFT
Under a new set of sanctions approved by European Union officials, Sberbank, the Russian banking giant, has been officially disconnected from the SWIFT financial messaging system. European Council chief Charles…
China Signals Stimulus for Shanghai, And Global Stocks Rise
On Monday, international stocks rose as US markets were closed for the Memorial Day Holiday, This extended a rally that made up some of this years losses. Led by shares…
Russia Is Preparing A New Bond-Payment Scheme As Default Looms
Russia is developing a new bond-payment system designed to bypass US sanctions and allow it to pay creditors, as a grace period on due payments is ticking down. Finance Minister…
Shanghai Begins To Lift Lockdown Measures As China Stagnates
Shanghai began a move towards a return of normalcy on Thursday as it unveiled more post-lockdown plans and reductions in lockdown measures for its 25 million residence. City officials announced…
Xi-Li Discord Paralyzes Officials Responsible for China Economy
A conflict between the statements of China’s President Xi Jinping, who is calling for a strict, zero-COVID policy, and Premier Li Keqiang, who is calling for balancing COVID measures with…
