On Friday, a report from China’s official Xinhua news agency said, He Xingxiang, a former vice president of China Development Bank (CDB), has been charged for taking bribes. “He has also been charged for issuing financial bills in violation of… Read More ›
Results of early local elections in Britain are showing Boris Johnson’s Conservatives Party suffering early losses in a ballot held against the backdrop of Western sanctions against Russia fuelling inflation in the country resulting in the rise of the cost… Read More ›
Japan’s economy, commerce, and industry minister, Koichi Hagiuda, warned on Thursday that immediately following on a move to cut off Russian oil supplies over the Russian invasion of Ukraine would be “tough.” After the European Union’s executive recommended the strongest package of… Read More ›
Predictions of a hawkish Fed policy and fears about the impact of China’s lockdowns on regional economy caused Asian equities to suffer large foreign capital outflows in April. Refinitiv data for stock exchanges in Taiwan, India, South Korea, the Philippines, Vietnam, Indonesia,… Read More ›
In order to conserve money, Britons are buying less meat, fish, and poultry as the cost of living rises. According to market research firm NielsenIQ, volume sales of meat, fish, and poultry fell 13% year over year in the four… Read More ›
After oil and gas prices skyrocketed, BP’s profits for the first three months of this year more than doubled. The energy behemoth posted an underlying profit of $6.2 billion, up from $2.6 billion in the previous quarter and well ahead… Read More ›
On Wednesday, in a significant development, European Commission President Ursula von der Leyen told EU lawmakers in Strasbourg, the EU will ban three Russian state-owned broadcasters as part of its sixth sanctions package. “They will not be allowed to distribute… Read More ›
In an interview to German newspaper Handelsblatt, Isabel Schnabel, a board member on the European Central Bank said, the ECB may have to raise interest rates as early as July to stop “extremely high” inflation from getting entrenched. In March,… Read More ›
In a significant development, fears over the Federal Reserve’s aggressive moves to tame inflation might tip the economy into recession have pushed up costs to insure bonds of Goldman Sachs, Morgan Stanley and Citigroup, which have hit a two-year high. Following… Read More ›
In a statement the US Securities and Exchange Commission said its Division of Corporation Finance has told companies to disclose the impact of Russia’s invasion of Ukraine on their business, including nationalization of assets. In a guidance posted on its website, the… Read More ›
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