On Thursday, Asian importers of Russian gas scrambled as Russian President Vladimir Putin declared “unfriendly” countries must pay in roubles for Russian gas, the latest jolt to global energy markets following Moscow’s invasion of Ukraine. On the list of unfriendly… Read More ›
Entrepreneurship
India Has Put On Hold A Plan To Allow Domestic Companies To List On Foreign Exchanges: Sources
According to government officials and industry insiders, India has halted plans to allow local companies to list on foreign exchanges as it attempts to strengthen its own capital markets, dealing a blow to foreign funds and stock exchanges hoping to… Read More ›
Russian Markets Set To Reopen; Russia Bans Foreigners From Selling Off Stocks
After a nearly month-long hiatus, Russia expects to resume stock trading on Thursday, with 33 rouble securities to be traded on the Moscow Exchange. Non-residents, on the other hand, will have to wait until April 1 to sell equities and… Read More ›
ANZ becomes first Australian bank to mint stablecoin
On Thursday, in a landmark development that sees the first ever transaction of an Australian lender to mint a digital asset linked to its currency, the Australia and New Zealand Banking Group said, it has carried out an Australian dollar stablecoin… Read More ›
USTR reinstates tariffs on 352 Chinese products
The Biden Administration has reinstated 352 from U.S. “Section 301” tariffs on Chinese imports, effective retroactively from October 12, 2021 and extended through Dec. 31, 2022, said the USTR. The move covers a wide range of Chinese products worth around… Read More ›
Unfriendly countries will pay for LNG supplies in Rubles: Putin
In a statement Russian President Vladimir Putin said, unfriendly countries will have to pay for gas in rubles. Following the announcement European gas prices soared since the move will exacerbate the region’s energy crunch. Western nations led by the United… Read More ›
Singapore relaxes COVID-19 norms
In a statement on Thursday, Singapore’s Prime Minister Lee Hsien Loong said, it is lifting more COVID-19 curbs including most restrictions for fully vaccinated visitors arriving in the country; it is also dropping requirements to wear masks outdoors. Singapore was… Read More ›
Thailand bans usage of digital assets for making payments from April 1 2022
On Wednesday, Thailand’s market regulator said, from April 1, 2022, it has banned the use of digital assets for being used to pay for goods and services. The move is in line with earlier discussions between the Securities and Exchange… Read More ›
Ukraine could lose agricultural exports worth $6 billon in 2021-2022
As per a senior industry official, Ukraine could potentially lose $6 billion in grain revenues following a blockade by the Russian navy preventing it from selling millions of tons of corn and wheat that it had earmarked for exports by… Read More ›
Hackers successfully break into digital authentication firm Okta Inc
In a statement, digital authentication firm Okta Inc said, a hacking group known as Lapsus$ has broken into its systems as a result hundreds of customers have been affected. The cyber attack has sparked concerns after the cyber extortion gang… Read More ›