Asian stocks fall after West vows more Russia sanctions
2 years, 9 months ago

Asian stocks fall after West vows more Russia sanctions

Associated Press  

BEIJING — Asian stock markets fell Friday after Western governments promised new sanctions on Russia and President Vladimir Putin tried to prop up Moscow’s sinking ruble by threatening to require Europe to use it to pay for gas exports. Wall Street’s benchmark S&P 500 index rose 1.4% after the number of Americans applying for unemployment fell to a 52-year low. Western leaders meeting Thursday promised additional sanctions, which President Joe Biden said were meant to “increase the pain” on Putin. Putin’s demand is a “cunning gambit meant to frustrate sanctions” while “elevating uncertainty for the West,” said Tan Boon Heng of Mizuho Bank in a report.

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History of this topic

To Shorten the War in Ukraine, Tighten Oil Sanctions for Real
1 week ago

To Shorten the War in Ukraine, Tighten Oil Sanctions for Real

Live Mint  

-- As Bloomberg News has reported, President Joe Biden is considering ramping up sanctions on Russia before he leaves office, hoping to pressure Russian President Vladimir Putin ahead of possible talks to end the war in Ukraine. Outside of greater military support, it would be hard to send a more powerful message of resolve than to squeeze the oil and …

Why China's sinking economy could backfire on Vladimir Putin
3 months, 3 weeks ago

Why China's sinking economy could backfire on Vladimir Putin

ABC  

Skirmishes in the South China Sea and a counterattack in Kursk. On the surface, the alliance between the two strongmen, China's President Xi Jinping and Russia's President Vladimir Putin, remains intact, creating a serious threat to ongoing global stability. Russia's reliance on China as a trading destination increased dramatically after the Ukraine invasion and the sanctions imposed upon Moscow. China, …

Stock market today: Asian stocks track Wall Street's decline as Middle East tensions escalate
8 months, 3 weeks ago

Stock market today: Asian stocks track Wall Street's decline as Middle East tensions escalate

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. U.S. futures rose and oil …

Asian Stocks Fall in Wake of Iran Attack on Israel: Markets Wrap
8 months, 3 weeks ago

Asian Stocks Fall in Wake of Iran Attack on Israel: Markets Wrap

Live Mint  

-- Shares in Asia slipped Monday, tracking a fall in US equities, as markets grappled with ratcheting tensions after Iran’s unprecedented attack on Israel at the weekend. In Asia “the financial and tech sectors may experience the deepest pain — higher energy prices are likely to darken the shadow on the inflation trajectory, resulting in higher rates for a longer …

As Putin eyes sure reelection, Russia’s economy defies sanctions, critics
9 months, 3 weeks ago

As Putin eyes sure reelection, Russia’s economy defies sanctions, critics

Al Jazeera  

Russian president’s all but guaranteed fifth term in power comes as economy has outperformed expectations. But I doubt that drinking Dobry Cola instead of Coca-Cola will change the election.” Owing to high oil prices and elevated military spending, Russia has managed to mitigate much of the impact of sanctions. It’s true that oil and gas exports have fallen because of …

Stock market today: Asian stocks decline after Wall Street logs its worst week in the last 10
1 year ago

Stock market today: Asian stocks decline after Wall Street logs its worst week in the last 10

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Major Asian stock markets retreated …

Stock market today: Asian shares rise, buoyed by Wall Street rally from bonds and oil prices
1 year, 3 months ago

Stock market today: Asian shares rise, buoyed by Wall Street rally from bonds and oil prices

Associated Press  

TOKYO — Asian shares advanced Thursday after a plunge in oil prices aided a recovery on Wall Street. On Wall Street, that’s currently good news because a cooling job market could mean less upward pressure on inflation. The Fed is paying particular attention to the job market because too much strength there could drive wages for workers much higher, which …

Oil Price Rises as Failed Wagner Mutiny in Russia Concerns Market
1 year, 6 months ago

Oil Price Rises as Failed Wagner Mutiny in Russia Concerns Market

News 18  

Oil prices rose in early Asian trade on Monday after a failed mutiny by Russian mercenaries over the weekend raised concerns about political instability in Russia and the potential impact on oil supply from one of the world’s largest producers. RBC Capital Markets analyst Helima Croft said there were concerns that Putin would declare martial law, preventing workers from showing …

India and China Snapping up Majority of Russian Oil Above Western Price Cap
1 year, 8 months ago

India and China Snapping up Majority of Russian Oil Above Western Price Cap

The Hindu  

India and China have snapped up the vast majority of Russian oil so far in April at prices above the Western price cap of $60 per barrel, according to traders and Reuters calculations. The latest data from Refinitiv Eikon suggest Russian Urals oil cargoes that loaded in the first half of April are mostly heading to India's and China's ports. …

Explained | Why is Japan circumventing sanctions on Russian oil?
1 year, 9 months ago

Explained | Why is Japan circumventing sanctions on Russian oil?

The Hindu  

The story so far: Japan has been purchasing oil from Russia at a price above the $60 per barrel price cap imposed by the West, according to reports this week. However, Japan’s decision to purchase oil above the price cap once again brings to the fore the strong incentives facing countries to subvert the West’s $60 per barrel price cap. …

Asian stocks rise ahead of Fed’s next interest rate decision
1 year, 9 months ago

Asian stocks rise ahead of Fed’s next interest rate decision

Associated Press  

BEIJING — Asian stock markets followed Wall Street higher on Tuesday ahead of a Federal Reserve decision on another possible interest rate hike amid worries about global banks. Wall Street’s benchmark S&P 500 index rose 0.9% on Monday after U.S., European and Japanese central banks announced measures to ease strains on the financial system, including lending more dollars if necessary. …

Russia’s economy holds up, but growing challenges test Putin
1 year, 9 months ago

Russia’s economy holds up, but growing challenges test Putin

Associated Press  

Western sanctions have hit Russian banks, wealthy individuals and technology imports. Economists say sanctions on Russian fossil fuels only now taking full effect — such as a price cap on oil — should eat into earnings that fund the military’s attacks on Ukraine. “We have had even worse periods of time in history, and we coped,” he said, but added …

How China and India’s appetite for oil and gas kept Russia afloat
1 year, 10 months ago

How China and India’s appetite for oil and gas kept Russia afloat

Al Jazeera  

Despite Western-led sanctions aimed at punishing Russia over its war in Ukraine, growing demand for Russian energy imports has helped keep the country’s besieged economy afloat. China and India, both of which have declined to condemn Russia or impose sanctions over the war, became the biggest buyers of Russian crude oil last year as Western countries restricted imports and imposed …

‘Global economy in better place today than predicted’
1 year, 10 months ago

‘Global economy in better place today than predicted’

Live Mint  

New Delhi: War, debt and economics are set to dominate G20 leaders’ discussions over the next two days. US treasury secretary Janet Yellen on Thursday flagged the need for tackling challenges like the spill-over effects of macroeconomic tightening in major economies and debt distress in vulnerable countries like Zambia and Sri Lanka ahead of the crucial two-day meeting of finance …

Stocks decline in Asia, extending losses on Wall Street
2 years, 1 month ago

Stocks decline in Asia, extending losses on Wall Street

Associated Press  

Shares fell in Asia on Wednesday after Wall Street declined on fears the Federal Reserve will need to keep the brakes on the economy to get inflation under control, risking a sharp recession. Chinese trade had been forecast to weaken as global demand cooled following interest rate hikes by the Federal Reserve and central banks in Europe and Asia to …

Asian shares lower as strong data hit hopes for dovish Fed
2 years, 1 month ago

Asian shares lower as strong data hit hopes for dovish Fed

Associated Press  

BANGKOK — Stocks were mostly lower in Asia on Tuesday after Wall Street pulled back as surprisingly strong economic reports highlighted the difficulty of the Federal Reserve’s fight against inflation. Adding to worries over the potential for recession, Fitch Ratings revised its forecasts for world economic growth downward on Tuesday to reflect the Fed and other central banks’ interest rate …

Editor’s Note
2 years, 3 months ago

Editor’s Note

The Hindu  

Published : Oct 06, 2022 09:55 IST As Vladimir Putin announced in the Kremlin that Russia had taken control of four east Ukrainian regions, the West reacted with expected fury. The “globalisation” that makes everyone ecstatic when it comes to trade also means that the fallout of such a prolonged war cannot remain contained. The grinding sanctions imposed by the …

Asian shares rise on back of Wall Street rally
2 years, 3 months ago

Asian shares rise on back of Wall Street rally

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Shares rose Monday in Asia …

Asian stocks follow Wall Street lower after US jobs report
2 years, 4 months ago

Asian stocks follow Wall Street lower after US jobs report

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Asian stock markets declined Monday …

West's criticism of India for Russian oil imports reflection of its double standards: Russia
2 years, 4 months ago

West's criticism of India for Russian oil imports reflection of its double standards: Russia

India TV News  

Highlights Trade between India, Russia has been on an upswing: Russian Ambassador Denis Alipov Historically, Russia has not been a major source of fossil fuel for India Both sides have several payment systems in place The criticism of India by the Western countries on its imports of Russian crude oil while exempting themselves from their "own illegitimate sanctions" is a …

Asian stocks follow Wall St lower on economy fears
2 years, 6 months ago

Asian stocks follow Wall St lower on economy fears

Associated Press  

BEIJING — Asian stock markets were mostly lower Friday after Wall Street fell on fears interest rate hikes will depress global economic activity. Wall Street’s benchmark S&P 500 index tumbled 3.3% after Britain’s central bank followed the Federal Reserve in raising its key interest rate to cool surging price rises. Japan’s central bank wrapped up a two-day meeting Friday with …

Asian stocks sink amid US CPI hike, Covid-19 scare from China
2 years, 6 months ago

Asian stocks sink amid US CPI hike, Covid-19 scare from China

Live Mint  

Asian stocks sank on Monday and bond yields ticked higher, as red-hot U.S. inflation reignited worries about even more aggressive Federal Reserve policy tightening, and a COVID-19 warning from Beijing added to concerns about global growth. Beijing's most populous district of Chaoyang announced on Sunday three rounds of mass testing to quell a "ferocious" COVID-19 outbreak that emerged at a …

China’s Russia dealings irk US, but don’t breach sanctions
2 years, 7 months ago

China’s Russia dealings irk US, but don’t breach sanctions

Associated Press  

BEIJING — China’s support for Russia through oil and gas purchases is irking Washington and raising the risk of U.S. retaliation, foreign observers say, though they see no sign Beijing is helping Moscow evade sanctions over its war on Ukraine. President Xi Jinping’s government declared ahead of Russia’s Feb. 24 attack that it had a “no limits” friendship with Moscow …

How is Russia’s economy performing under Western sanctions?
2 years, 7 months ago

How is Russia’s economy performing under Western sanctions?

Al Jazeera  

The Kremlin says the economy is weathering the storm, but analysts warn of a steep future decline. Western nations imposed some of their strongest ever sanctions on Russia as punishment for invading Ukraine. They include freezing the central bank’s foreign reserves, banning oil and gas imports and suspending Russia’s banks from global financial systems. The American investment bank JP Morgan …

Asian stocks follow Wall St down on rate hike, economy fears
2 years, 7 months ago

Asian stocks follow Wall St down on rate hike, economy fears

Associated Press  

BEIJING — Asian stocks followed Wall Street lower Tuesday as fears increased that U.S. rate hikes to fight inflation might stall economic growth. Wall Street’s benchmark S&P 500 index tumbled 3.2% on Monday, hitting its lowest point in more than a year. The Shanghai Composite Index gained 0.4% to 3,017.21 after the Chinese government announced rent cuts and other aid …

Asian stocks follow Wall St down as rate hike worries grow
2 years, 8 months ago

Asian stocks follow Wall St down as rate hike worries grow

Associated Press  

BEIJING — Asian stocks followed Wall Street lower Friday as fears spread that U.S. interest rate hikes to fight inflation might stall economic growth. Wall Street’s benchmark S&P 500 index plunged 3.6% on Thursday for its biggest one-day loss in two years as optimism that drove the previous day’s rally evaporated. Investors worry about whether the Federal Reserve, which raised …

Russian war, China lockdowns roil oil markets as OPEC+ meets
2 years, 8 months ago

Russian war, China lockdowns roil oil markets as OPEC+ meets

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Increasing production beyond the quotas would complicate relations among …

Sanctions hit Russian economy, although Putin says otherwise
2 years, 8 months ago

Sanctions hit Russian economy, although Putin says otherwise

Associated Press  

NEW YORK — Nearly two months into the Russian-Ukraine war, the Kremlin has taken extraordinary steps to blunt an economic counteroffensive from the West. Russian President Vladimir Putin felt emboldened and proclaimed — evoking World War II imagery — that the country had withstood the West’s “blitz” of sanctions. A closer look, however, shows that the sanctions are taking a …

Sanctions Hit Russian Economy, Although Putin Says Otherwise
2 years, 8 months ago

Sanctions Hit Russian Economy, Although Putin Says Otherwise

Huff Post  

LOADING ERROR LOADING NEW YORK — Nearly two months into the Russian-Ukraine war, the Kremlin has taken extraordinary steps to blunt an economic counteroffensive from the West. Russian President Vladimir Putin felt emboldened and proclaimed — evoking World War II imagery — that the country had withstood the West’s “blitz” of sanctions. A closer look, however, shows that the sanctions …

Sanctions hit Russian economy, although Putin says otherwise
2 years, 8 months ago

Sanctions hit Russian economy, although Putin says otherwise

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Russian President Vladimir Putin felt emboldened and proclaimed — …

Russia’s Putin says Western sanctions have failed
2 years, 8 months ago

Russia’s Putin says Western sanctions have failed

Al Jazeera  

Sanctions against Russia over its invasion of Ukraine led to a ‘deterioration of the economy in the West’, President Putin says. Western countries have imposed unprecedented sanctions on Russia’s corporate and financial system since it sent troops into Ukraine on February 24 in what it calls a “special military operation”. Putin said Russia should use its budget to support the …

Asian stocks fall after Wall St breaks 4-day winning streak
2 years, 9 months ago

Asian stocks fall after Wall St breaks 4-day winning streak

Associated Press  

BEIJING — Asian stock markets sank Thursday after Chinese manufacturing weakened and Russian shelling around Ukraine’s capital shook hopes of progress in peace talks. On Wall Street, the S&P 500 declined to 4,602.45 after Commerce Department data showed the U.S. economy grew at an annual pace of 6.9% in the final quarter of 2021, below forecasts. In energy markets, benchmark …

Asian shares higher ahead of Russia-Ukraine peace talks
2 years, 9 months ago

Asian shares higher ahead of Russia-Ukraine peace talks

Associated Press  

BANGKOK — Asian shares were higher Tuesday after an advance on Wall Street ahead of another round of peace talks between Russia and Ukraine. Weaker oil prices helped push shares higher, said Yeap Jun Rong of IG. “China, Japan, South Korea and Taiwan are major oil importers, hence lower oil prices may be deemed as positive for their economies,” Yeap …

Premarket stocks: The West is going to hit Russia with more sanctions
2 years, 9 months ago

Premarket stocks: The West is going to hit Russia with more sanctions

CNN  

A version of this story first appeared in CNN Business’ Before the Bell newsletter. London CNN Business — Western sanctions are decimating Russia’s economy and sending shockwaves through global markets. “It may be somewhat symbolic … but symbols can help sow uncertainty and panic in Russian markets and further diminish confidence in the Russian economy,” said O’Toole and Fried. “Carveouts …

Asian shares retreat as oil climbs back above $100
2 years, 9 months ago

Asian shares retreat as oil climbs back above $100

Associated Press  

BANGKOK — Shares were mostly lower in Asia on Friday after Wall Street extended a rally into a third day and oil prices pushed higher, surpassing $105 per barrel. The White House said the conversation will center on “managing the competition between our two countries as well as Russia’s war against Ukraine and other issues of mutual concern.” Wrapping up …

Asian stocks surge after oil falls, easing inflation fears
2 years, 9 months ago

Asian stocks surge after oil falls, easing inflation fears

Associated Press  

BEIJING — Japan’s stock benchmark soared 4% and other Asian markets surged Thursday after oil prices dropped, easing fears inflation was set to accelerate. Wall Street’s S&P 500 index rose 2.6% for its biggest daily gain in 12 years as prices swing wildly amid uncertainty about the impact of Russia’s war on Ukraine. Markets rallied after the price of U.S. …

Putin says Russia will emerge stronger, sanctions will rebound
2 years, 10 months ago

Putin says Russia will emerge stronger, sanctions will rebound

Al Jazeera  

President Vladimir Putin says sanctions on Russia would lead to higher food and energy prices in the West. Russian President Vladimir Putin has said sanctions imposed against Russia would rebound against the West, including in the form of higher food and energy prices, and Moscow would solve its problems and emerge stronger. Putin said Moscow – a major energy producer …

Asia stocks mixed after Wall St falls, US bans Russian oil
2 years, 10 months ago

Asia stocks mixed after Wall St falls, US bans Russian oil

Associated Press  

BEIJING — Asian stocks rebounded Wednesday after Wall Street declined and Chinese inflation edged higher. Already high oil prices rose further, adding more than $2 per barrel following President Joe Biden’s ban on imports of Russian crude. Wall Street’s benchmark S&P 500 index sank 0.7% amid enduring unease over the impact of Russian President Vladimir Putin’s attack on Ukraine. The …

Asian shares extend losses as oil prices push higher
2 years, 10 months ago

Asian shares extend losses as oil prices push higher

Associated Press  

TOKYO — Shares fell in Asia on Tuesday after Wall Street logged its biggest drop in more than a year as markets were jolted by another surge in oil prices. The surge in the price of oil past $130 per barrel on Monday was triggered by the possibility the U.S. might bar crude imports from Russia. Gold — a measure …

Stocks fall, oil tops $100 a barrel as Ukraine war rages
2 years, 10 months ago

Stocks fall, oil tops $100 a barrel as Ukraine war rages

Associated Press  

BEIJING — Asian stock markets slid Wednesday and oil prices surged more than $5 per barrel as Russian forces stepped up attacks on Ukrainian cities. “Russia pumps more than that in just six days.” Late Tuesday, President Joe Biden announced he was joining U.S. allies in closing the country’s air space to Russian aircraft. Economists say Asian economies are less …

Stocks fall, oil tops $100 a barrel as Ukraine war rages
2 years, 10 months ago

Stocks fall, oil tops $100 a barrel as Ukraine war rages

The Hindu  

Oil prices soared and stocks fell on Wall Street on Tuesday as investors shifted more money into ultra-safe U.S. Government bonds in response to Russia’s escalating war on Ukraine. Russia’s invasion of Ukraine has also put more pressure on agricultural commodity prices, which were also already getting pushed higher with rising inflation. “We see that manifesting not only in markets …

Asian shares climb amid Russia-Ukraine talks, oil worries
2 years, 10 months ago

Asian shares climb amid Russia-Ukraine talks, oil worries

The Hindu  

Asian shares mostly rose on March 1 as global investors eyed talks aimed at ending the Russian military assault on Ukraine, which so far have yielded just an agreement to keep talking. Surging oil prices and increasing financial pressure from the U.S. and allies on Russia, one of the world's largest energy exporters, for its invasion of Ukraine are adding …

Asian shares rise amid Russia-Ukraine talks, oil worries
2 years, 10 months ago

Asian shares rise amid Russia-Ukraine talks, oil worries

Associated Press  

TOKYO — Asian shares rose Tuesday as global investors eyed talks aimed at ending the Russian military assault on Ukraine, which so far have yielded just an agreement to keep talking. Surging oil prices and increasing financial pressure from the U.S. and allies on Russia, one of the world’s largest energy exporters, for its invasion of Ukraine are adding to …

Why Western sanctions aren’t hitting Russia where it would hurt the most: Oil and gas
2 years, 10 months ago

Why Western sanctions aren’t hitting Russia where it would hurt the most: Oil and gas

LA Times  

People stand in line last week to withdraw money from a cash machine in St. Petersburg, Russia. The disruption of global energy markets and the subsequent surge in oil and gas prices would likely add to inflation that’s already at a 40-year high. Although the U.S. is largely energy independent — it’s the world’s largest producer of oil and liquefied …

Stocks tumble as West intensifies sanctions on Russia
2 years, 10 months ago

Stocks tumble as West intensifies sanctions on Russia

Al Jazeera  

Stocks tumbled, while bonds joined a rally in haven assets after a wall of sanctions against Russia for the invasion of Ukraine sent shockwaves through markets around the globe. Concerns are growing that a decision to freeze the Russian central bank’s assets and exclude some of the nation’s biggest lenders from critical international payment systems may increase stress in global …

Asia shares rise after US rebound amid sanctions on Ukraine
2 years, 10 months ago

Asia shares rise after US rebound amid sanctions on Ukraine

Associated Press  

TOKYO — Asian shares rose Friday after U.S. stocks recovered toward the end of a wild trading day, as the world, including President Joe Biden, slapped sanctions against Russia for its invasion of Ukraine. “The market pivot came after the announcement of retaliatory measures towards Russia overnight, with the U.S. implementing export controls to cut Russia off from semiconductors and …

Asian stocks plunge after Putin announces action in Ukraine
2 years, 10 months ago

Asian stocks plunge after Putin announces action in Ukraine

Associated Press  

BEIJING — Asian stock markets plunged and oil prices surged to nearly $100 a barrel Thursday after President Vladimir Putin announced Russian military action in Ukraine. President Joe Biden denounced the attack as “unprovoked and unjustified” and said Moscow would be held accountable, which many took to mean Washington and its allies would impose additional sanctions. “Equities are tanking in …

Asian stocks rebound after Wall St falls on Ukraine tensions
2 years, 10 months ago

Asian stocks rebound after Wall St falls on Ukraine tensions

Associated Press  

BEIJING — Asian stock markets rebounded Wednesday after Wall Street slid on anxiety over President Vladimir Putin’s authorization to send Russian soldiers into eastern Ukraine. Global stock prices sank Tuesday as traders tried to figure out the impact of Russia’s moves and sanctions imposed by Washington, Britain and the 27-nation European Union on its banks, officials and business leaders. However, …

Asian markets regain ground as investors hold breath on Ukraine
2 years, 10 months ago

Asian markets regain ground as investors hold breath on Ukraine

Al Jazeera  

Investors see Russian troop movements near Ukraine and initial Western sanctions as leaving room to avoid war. Asian stocks steadied on Wednesday and demand for safe havens waned a little as investors saw Russian troop movements near Ukraine and initial Western sanctions as leaving room to avoid war. “The biggest impacts are likely to come through commodity prices – in …

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