Consumer prices rising above the Reserve Bank of India’s inflation target for the second straight month may have raised fears of a policy rate increase, but many economists expect the central bank to maintain its accommodative stance to support economic recovery. They cited easing of commodity prices from their peaks and the RBI‘s high inflation … Read more
By Stanislav Markus U.S. President Joe Biden and other world leaders are setting their sights on Russia‘s oligarchs as they seek new ways to punish Vladimir Putin – and those who have enabled him and profited from his reign – for waging war in Ukraine. Biden singled out wealthy oligarchs in his State of the … Read more
Indian exporters of carpets, handicrafts and engineering goods expect up to 10% benefit from the ongoing rupee depreciation. Sectors with a low dependence on imports stand to gain while others will lose their benefits to higher oil and commodity prices, they said. The rupee has shed almost 3.5% against the US dollar this year and … Read more
The direct impact of the ongoing Russia-Ukraine war on the domestic credit markets appears to be limited as the banking system has adequate liquidity but not the market as a whole, as per a report. According to India Ratings, overall, the duration and intensity of the war will be the key determinant for the macro … Read more
Russia has told Ukraine it is ready to halt military operations “in a moment” if Kyiv meets a list of conditions, the Kremlin spokesman said on Monday. Dmitry Peskov said Moscow was demanding that Ukraine cease military action, change its constitution to enshrine neutrality, acknowledge Crimea as Russian territory, and recognise the separatist republics of … Read more
Moscow’s war on Ukraine and the ferocious financial backlash it’s unleashed are not only inflicting an economic catastrophe on President Vladimir Putin‘s Russia. The repercussions are also menacing the global economy, shaking financial markets and making life more perilous for everyone from Uzbek migrant workers to European consumers to hungry Yemeni families. Even before Putin’s … Read more
Taiwan’s semiconductor companies are complying with government export controls to Russia, put in place as part of sanctions on Moscow for invading Ukraine, the Economy Ministry said on Sunday. Taiwan, which announced it was joining international sanctions against Russia on Friday, is a major chip manufacturer, home to the world’s largest contract chip maker and … Read more
Russia has spent the past seven years building up formidable financial defences, yet in the long run, its economy is unlikely to withstand the onslaught of coordinated sanctions from the West. Europe and the United States are raining down reprisals after President Vladimir Putin sent tanks into Ukraine, adding to sanctions already pledged in response … Read more
In an apparent message to countries which are not standing by its side or are supporting Moscow, US President Joe Biden has said that any nation that countenances Russia’s “naked aggression” and a “totally unjustifiable” war against Ukraine will be stained by association. Liberty, democracy and human dignity are the forces far more powerful than … Read more