Business News Asia
The price of gold was only recently able to rise above $2,000 again, helped by the invasion of Ukraine by Russian troops. That was almost 4 weeks ago, and the fighting in Ukraine continues to drag on, while on the…
The International Energy Agency (IEA) has significantly downgraded its forecast for global oil demand in 2022. The reason for this is the war in Ukraine, which could cut off Russian oil from the world market. Accordingly, rising commodity prices will…
Oil prices have risen back above $100 a barrel on speculation that oil supplies will tighten after Russia struggles with Western sanctions. Commodities trader Pierre Andurand expects oil prices to rise as high as $200 per barrel this year, he…
The chip industry had already hit the headlines last year when demand for chips rose rapidly following the relaxation of the COVID 19 measures, but the market was unable to restore supply chains as quickly. As a result, there was…
The price of gold has risen sharply again recently, due not least to the invasion of Russian troops in Ukraine. This had only accelerated the already inevitable and that is that the gold price rose again above $2,000 per ounce.…
Europe’s energy dependence on Russia has hit the headlines as a result of the Ukraine crisis. Many associations in Europe are criticizing the decision to continue buying energy products from Russia, saying that this is financing the Russian war in…
The war in Ukraine continues after Russian troops invaded, even though Russian President Putin says talks between the two sides are pointing in a positive direction. Meanwhile, the West, led by the United States, has imposed tough sanctions on Russia:…
Following the U.S. ban on imports of Russian oil, gas, and coal, all eyes are on Europe and whether Europe, which is heavily dependent on energy products, will follow the U.S. example. The question is not so much whether one…
Will the Federal Reserve’s first rate hike come or not? Until recently, analysts agreed that the Fed would raise rates slightly by 50 basis points at its mid-March FOMC meeting. At that time, however, there was no war in Ukraine…
Today, Tuesday (March 8, 2022), the stock markets in Asia are still deep in the red. The current situation around Ukraine is causing great uncertainty among investors. While the stock markets are on fire, commodity prices are soaring. Oil prices…
