ASIA: Tata Steel will stop doing business with Russia, India’s largest steelmaker by revenue said on Wednesday, making it the latest global company to cut ties with the country for invading Ukraine. Tata Steel is among only a handful of Indian companies that have halted business with Russia, with the move coming even as India […]

ASIA: OPEC’s share of India’s oil imports for the 2021/22 financial year remained almost flat year on year, arresting sharp declines over the past six years, as refiners snapped up short-haul crude from the middle east to counter rising global prices. Total crude imports by the world’s third biggest oil importer and consumer rose by […]

ASIA: China’s economy grew 4.8 percent in the first quarter, the National Bureau of Statistics said Monday, warning of “significant challenges” ahead as a resurgence of the coronavirus threatens Beijing’s ambitious annual target. China’s gross domestic product growth was better than expected at 4.8 percent on-year in the first quarter, said the NBS on Monday, […]

The plot behind Ukraine is far deeper than anyone is willing to talk about publically. Yanukovich was corrupt and his sons were acting like a protection racket. Yanukovich was keen on joining the EU but the treaty had a clause in there that would have put Ukraine in NATO through the backdoor. Ukraine would have […]

ASIA: The World Bank cut its economic growth forecast for India and the whole South Asian region on Wednesday, citing worsening supply bottlenecks and rising inflation risks caused by the Ukraine crisis. The international lender lowered its growth estimate for India, the region’s largest economy, to 8% from 8.7% for the current fiscal year to […]

ASIA: China’s imports unexpectedly fell in March as COVID-19 curbs across large parts of the country hampered freight arrivals and weakened domestic demand, while export growth slowed, prompting analysts to expect a worsening in trade in the second quarter. Inbound shipments fell 0.1% in March from a year earlier, marking the first decline since August […]

The Consumer Price Index soared 8.5% in March year-on-year, according to the report released by the Labor Department on Tuesday. Prices have not been this inflated since Reagan was in power in December 1981. Former Fed Chair Ben Bernanke set the target level of inflation at 2% back in 2012. Once the Federal Reserve began […]

ASIA: China’s producer inflation for March was higher than expected. The producer price index surged 8.3% as compared with a year ago, official data showed Monday, above expectations for a 7.9% increase in a Reuters poll. Chinese consumer inflation also rose more than expected in March, with the consumer price index climbing 1.5% year-on-year. That […]

QUESTION: So you think Russia did not do that in Bucha? SJ ANSWER: It is to the advantage of Zelensky who is appearing before every parliament he can ask for money. In Italy, he claimed Russians were capturing children and torturing them. That allegation vanished. He says whatever he can to get money. He could […]

ASIA: China’s five major state-owned banks have adopted a slew of measures to ease the residential mortgage burden for individual borrowers affected by the COVID-19 epidemic.  These steps include postponing mortgage repayments, extending repayment periods, as well as deferring principal and interest repayments on housing loans, the banks told Xinhua. Bank of China has urged […]