Russia is losing about $4 billion a month as Urals crude oil trades at about 40% discount to international Brent crude oil prices, per Bloomberg.
Monthly Archives For November 2022
There’s a 30% probability that China reopens earlier, says Goldman Sachs
Hui Shan of the investment bank says there’s a chance that China reopens before next year’s National People’s Congress “precisely because of the difficulty in keeping Covid under control.” …
Relaxation of China’s Covid measures is ‘the key’ to its growth rebound in 2023, economist says
Helen Qiao of BofA Securities says turmoil is still “very likely” in the near term, and it expects that the situation will get better only in the second half of 2023.
Canada Unveils New Asia-Pacific Strategy With Eye On China
Canada on Sunday unveiled its new economic and diplomatic strategy for the Asia-Pacific region, allocating 2.3 billion Canadian dollars (US$1.7 billion) over the next five years to the plan aimed at …
China reports another daily record of COVID-19 cases as protests ripple across China
China reported a fifth straight daily record of 40,347 new COVID-19 infections on November 27, of which 3,822 were symptomatic and 36,525 were asymptomatic, the National Health Commission said on …
Coronavirus: as China hits record 40,052 daily cases, can zero-Covid continue?
Case numbers will increase if stringent measures are not sustainable, Hong Kong epidemiologist says, warning of winter surge End mass PCR tests, focus resources on severe cases and boost elderly …
Live news updates: China’s unrest over zero-Covid curbs hits Asian stock markets
China’s most important state and party media reiterated the country’s commitment to its strict zero-Covid policy on Monday following a weekend in which rare protests burst out in cities across the country.
Big question mark on whether China’s 16-point property rescue plan will create demand: Goldman Sachs
Hui Shan of the investment bank discusses the challenges that China’s zero-Covid policy poses to the economy, particularly its property sector.
Goldman Says China May End Covid Zero Earlier Than Expected
Goldman Sachs Group Inc. said China may end its Covid Zero policy before April — earlier than widely expected — with some chance of a “disorderly” exit, amid tighter virus controls that have …
Dollar gains, yuan slides as China’s COVID unrest spooks markets
The dollar climbed on Monday as protests against COVID restrictions in China rattled financial markets, sending the yuan sliding and pushing nervous investors toward the safe-haven greenback. The …
China markets tank as protests erupt over Covid lockdowns
China’s major stock indices and its currency have opened sharply lower Monday, as widespread protests against the country’s stringent Covid-19 restrictions over the weekend roiled investor sentiment.
DOGE and SHIB Slide as Sentiment Turns Bearish on China News
Following a breakout Sunday session, risk aversion swept across the crypto market. China protests contributed to early DOGE and SHIB reversals. Dogecoin (DOGE) and shiba inu coin (SHIB) bucked the …
Oil falls over $2 a barrel as China’s COVID protests fuel demand fears
Oil futures fell more than $2 a barrel on Monday, with WTI hitting an 11-month low, as protests in top importer China over strict COVID-19 curbs fuelled demand concerns. Brent crude dropped $2.16, or 2.
