World economy
U.S.-listed Chinese stocks audit dispute: China regulator tells auditors to consider preparing for inspections
The China Securities Regulatory Commission and U.S. securities regulators have been locked in a dispute over allowing U.S. review of Chinese company audits, threatening delisting in coming years. Costfoto | Future Publishing | Getty Images BEIJING — China has sent another signal of progress toward resolving an audit dispute that’s threatened U.S.-listed Chinese companies with […]
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ECB will have to ‘think again’ on policy if outlook deteriorates rapidly, chief economist says
Christine Lagarde (R), President of the European Central Bank (ECB), and Vicepresident Luis de Guindos (L) Thomas Lohnes | Getty Images News | Getty Images European Central Bank Chief Economist Philip Lane on Friday acknowledged “very high” inflation in the region and said the Frankfurt institution might have to “think again” about its policy stance. […]
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Russia hits back at U.S. intelligence claims that Putin was ‘misled’ over Ukraine war
President-elect Vladimir Putin ahead of being sworn-in as President of Russia at St Andrew’s Hall of the Moscow Kremlin. Mikhail Metzel | TASS via Getty Images Russia’s Kremlin has rebuffed claims made by the U.S. that President Vladimir Putin felt he was “misled” by his military commanders over Moscow’s invasion of Ukraine. “To our regret […]
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Russia and the West are battling to get China and India to take their sides in the Ukraine war
Russian President Vladimir Putin, Indian Prime Minister Narendra Modi and Chinese President Xi Jinping meet on the sidelines of the 2019 G-20 summit in Osaka, Japan. Mikhail Klimentyev | Afp | Getty Images Russia’s invasion of Ukraine has led to the biggest clash in decades between Moscow and the West. Both are competing to persuade […]
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Putin talks tough on gas-for-rubles deadline. But European leaders aren’t too worried
Russian President Vladimir Putin has demanded so-called “unfriendly” countries pay for Russian gas in rubles. Mikhail Klimentyev | Afp | Getty Images Russian President Vladimir Putin has sought to ratchet up the pressure on foreign buyers of natural gas, telling so-called “unfriendly” countries to pay in rubles from Friday — or have their supplies cut […]
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European stocks set for muted open to start second quarter; Russia-Ukraine in focus
LONDON — European markets are set for a cautious start to the second quarter on Friday, with talks between Russia and Ukraine continuing to guide investor sentiment. Britain’s FTSE 100 is seen around 4 points lower at 7,512, Germany’s DAX is expected to shed around 15 points to 14,400 and France’s CAC 40 is set […]
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Citi raises its forecast for China’s GDP growth, bringing it closer to the official target
Real estate and related sectors account for at least 25% of China’s economy, according to Moody’s. Costfoto | Future Publishing | Getty Images BEIJING — China’s economy faces so much new pressure from Covid that Beijing may increase stimulus — boosting overall growth, Citi said Thursday. “Given the strong start of the year and the […]
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Putin’s strength now looks like his main weakness, with people too loyal — or scared — to challenge him
Russian President Vladimir Putin marks the Defender of the Fatheland Day in 2015 in central Moscow, Russia, with military officials surrounding him. Sasha Mordovets | Getty Images News | Getty Images President Vladimir Putin’s immense power looks like it might now be a key weakness for the Russian leader, with those around him seemingly too […]
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Investor Kyle Bass: Globalization isn’t over, just don’t invest in countries run by despots
Kyle BassThe Russia’s unprovoked war against Ukraine is not a death knell for globalization but should be a wake-up call about the risks of investing in countries that aren’t democracies, Texas hedge fund manager Kyle Bass said on CNBC on Thursday, “You don’t have to paint it with that broad of a brush,” the founder […]
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Russian troops sabotaging their own equipment and refusing orders in Ukraine, UK spy chief says
Jeremy Fleming, director of U.K. intelligence agency GCHQ, pictured in November 2019. Fleming delivered a speech in Canberra, Australia on Thursday in which he addressed the war in Ukraine. Joe Giddens | PA Images | Getty Images Russian President Vladimir Putin has misjudged the situation in Ukraine, but his advisors are scared of telling him […]
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