The Magazine for Asian Investors
While the EU is busy with sanctions talks against Russian oil, Russia has already opened new distribution channels for its energy products. China is reportedly buying at a discount price of $29 per barrel below the price before the Ukraine…
The People’s Bank of China (PBOC) cut the five-year key lending rate (LPR) by 0.15% from 4.6% to 4.45%, the biggest cut since 2019. This would lower mortgage borrowing costs and could help boost weaker loan demand due to the…
The National Bureau of Statistics (NBS) reported that China’s retail sales fell 11.1% and industrial production fell 2.9% in April. Retail sales fell by 0.2% in the first four months of this year, and industrial production rose by 4% in…
The People’s Bank of China (PBOC) has decided to leave the interest rate unchanged, despite data pointing to a slowdown in the Chinese economy. According to analysts, the decision to leave the key interest rate unchanged may reflect concerns about…
As reported by the World Gold Council, gold demand has started the year well, with a 34% year-on-year increase. This is mainly due to exchange-traded funds and gold’s status as a safe haven. Demand for gold bars and coins was…
China’s National Bureau of Statistics (NBS) reported today that the consumer price index (CPI), a measure of inflation, rose 2.1% year-on-year in April. This was above the 1.5% increase in March and above analysts’ forecasts of a 1.9% rise. In…
U.S. President Joe Biden said the U.S. government would lift tariffs on Chinese imports to halt the rise in consumer prices in the United States. While Wall Street analysts predicted that the consumer price index (CPI) will rise by about…
China’s General Administration of Customs (GAC) said Tuesday (May 9) that crude oil imports rose nearly 7% in April from the same month a year earlier. This is the first increase in three months, despite a decline in fuel demand.…
In late February, Russian troops invaded Ukraine and launched what they called a “military operation.” The reaction of the U.S. and its allies, all of whom supported Ukraine, was not long in coming. Economic sanctions followed, as well as sanctions…
Russia, one of the world’s most important crude oil exporters, suffered a further setback in April. Asian customers, who can buy Russian crude oil cheaply, are currently benefiting from this. According to the International Energy Agency (IEA), Russia had to…
