Russia to lead Sakhalin-1 as Exxon cuts and runs

Russia is taking over the Sakhalin-1 oil and gas project the same way it took over Sakhalin-2 earlier this year. Foreign investors who put politics ahead of production will soon be gone. The Western investor – Shell last time, ExxonMobil this time – has once again shown itself the door. The Japanese, on the other […]

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Japan says US showed understanding on Tokyo’s currency intervention

Market players had expected Japan might find it difficult to secure US understanding for currency intervention, given Treasury Secretary Janet Yellen’s firm belief in market-determined exchange rates and the US commitment to battle inflation via monetary tightening, which has fuelled the dollar’s rise. While Japan’s intervention briefly halted the dollar’sContinue Reading

Chinese pundits split over US decoupling prospects

Chinese pundits are divided over Washington’s proposed plan to restructure America’s industrial supply chain by decoupling with China. Chen Feng, a writer for Guancha.cn, or The Observer, writes that US companies will not be able to relocate their high-value production lines from China to nearby countries such as India and Vietnam, which he says lack […]

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Iranian, Turkish moves to join SCO raise its profile

Held in Samarkand, Uzbekistan, from September 15 to 16, the 2022 summit of the SCO Heads of State Council demonstrated that the Shanghai Cooperation Organization was continuing to evolve into a viable international political congregation independent from the West. In the early 19th century, international organizations (IOs) began to emerge as modest arbiters of European affairs. […]

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Clock ticking down on US debt time bomb

TOKYO – As milestones go, the US national debt surging past the US$31 trillion mark is especially personal for Haruhiko Kuroda and Yi Gang. The leaders of the Bank of Japan (BOJ) and People’s Bank of China (PBOC), respectively, run the overseas institutions sitting on the largest stockpiles of US government bonds. Japan has $1.23 […]

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Top lawyer who busted Najib faces vengeful legal fire

Newly appointed Malaysian Attorney General Tommy Thomas. Photo: Youtube

SINGAPORE – Tommy Thomas, the lawyer who set in motion the landmark prosecution and ultimate imprisonment of an ex-prime minister for massive corruption, could be regarded as Malaysia’s most consequential attorney-general. But a new government probe into a book he published about his time as the nation’s top prosecutor is widely seen as a setback […]

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What’s driving Russia-Iran energy cooperation

As Europe prepares for a winter without Russian gas, the Kremlin is looking to move its natural gas sales further to the east. Although China and India remain Moscow’s most important export destinations in Asia, Russia seems to have found a new buyer – the Islamic Republic of Iran.  Why would a country that holds […]

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