The oil “price cap” of US$60 per barrel for Russian oil is a controversial move by the European Union and G7. The price cap prohibits Western insurers and shipping companies, which account for more than 90% of the marine insurance industry, from servicing vessels that carry Russian oil above $60 per barrel. The intention is lofty — […]Continue Reading
TOKYO – Investors betting that the US Federal Reserve is throttling back on interest rate hikes aren’t paying attention to events in China. The jump in oil and other key commodity prices already points to a China reopening trade that’s likely only just beginning. In the last month, Xi Jinping’s economy swung suddenly from “zero-Covid” […]Continue Reading
Layoffs has not affected ops in Malaysia, Singapore, and Indonesia “Important to reiterate to everyone that customer funds are safe” Digital asset exchange Luno’s recent announcement of the layoffs for roughly a third of their staff globally is the result of “an incredibly tough year”, but will not affect operations in the…Continue Reading
Despite Western media reports that the Netherlands would follow the US guidelines on technology exports to China, ASML’s chief executive Peter Wennink said Wednesday that the company would probably maintain its level of exports to mainland China this year. ASML’s sales of chipmaking equipment to China rose from about US$700 million in 2016 to US$2.8 […]Continue Reading
Indian billionaire Gautam Adani hits back after fraud claims wipe billions off his company.Continue Reading
Indonesian Minister of Investment Bahlil Lahadalia suggested that Indonesia is looking into forming an OPEC-style cartel for nickel and other inputs used in battery production. Nickel is becoming a hot commodity as it is a key input in the manufacture of lithium-ion batteries needed for electric vehicles (EVs) — and Indonesia has the world’s largest nickel ore […]Continue Reading
Detroit? Nope. Germany? Nein. Elon Musk sees the toughest competition for Tesla in China, home of the company he expects “most likely to be second” in electric vehicles. China is Tesla’s second-largest market – accounting for about two-thirds of all electric vehicles sales globally in 2022 – and the homeContinue Reading
The Commerce Ministry’s Intellectual Property Department has announced the registration of Nam Dok Mai Si Thong mangoes from Phitsanulok as a new geographical indication (GI) product.Continue Reading
The Ukrainian president, Volodymyr Zelensky, has announced a sweeping clear-out of senior national and regional government officials and the appointment of a new supervisory board for the state-owned natural gas giant, Naftogaz. This is a move to reassure both the Ukrainian public and the country’s Western allies that the fight against corruption remains a priority, […]Continue Reading
TOKYO – In a year littered with economic and geopolitical landmines, China has at least one reason for optimism: Kevin McCarthy. Observers are plenty busy detailing why the US House of Representatives swinging to Republican control adds to Xi Jinping’s long list of headaches. Among the biggest: the risk has never been higher that Washington […]Continue Reading