TRADE WARS - AFRICA DAILY

The Russian economy is headed for collapse

Mar 15, 2022 (SPX)

Now, with foreign sanctions presiding over a plummeting Russian ruble, Russia's economic standing has fallen further still. If measured at today's exchange rate...

Asian markets struggle as Hong Kong dives again, oil retreats

Mar 15, 2022 (AFP)

Concerns about China's economic outlook saw oil prices suffer fresh selling pressure, with WTI falling back below $100 a week after it hit a 14-year high on the...

China does not want to be 'affected' by Russia sanctions: foreign minister

Mar 15, 2022 (AFP)

Beijing has refused to condemn its close ally Russia over its invasion of Ukraine, while blaming the United States and NATO's "eastward expansion" for worsening...

Most Asian markets down as traders track Ukraine invasion

Mar 14, 2022 (AFP)

Oil prices dropped, providing some respite after they soared to a near 14-year high last week, though the commodity remains elevated around $110 and keeping upw...

Most Asian markets hit by Ukraine fears, tech selloff

Mar 14, 2022 (AFP)

Oil prices dropped, providing some respite after they soared to a near 14-year high last week, though the commodity remains elevated around $110 and keeping upw...

EU's Borrell slams Putin's barbaric invasion of Ukraine

Mar 14, 2022 (AFP)

Borrell said Moscow was targeting not only the Ukrainian military but also civilians, noting that at the besieged southern port of Mariupol "more than 2,400 civ...

International 'uncertainty' will slow China's growth, premier warns

Mar 11, 2022 (AFP)

The country's economy is being weighed down by fears over its "zero-Covid" strategy and post-pandemic recovery, as well as tensions over Russia's invasion of Uk...

Asian markets mostly drop as inflation spike fans rate fears

Mar 11, 2022 (AFP)

Bets on a more aggressive approach by the Fed to rein in runaway prices added to nervousness on trading floors, while the failure of high-level talks between Mo...

Asia stocks track US, European surge, oil extends losses

Mar 10, 2022 (AFP)

A glimmer of hope for peace talks provided some much-needed support to asset markets, which have been in the grip of extreme volatility in the two weeks since R...

Asian markets join global rally, oil rebounds from plunge

Mar 10, 2022 (AFP)

A glimmer of hope for peace talks provided some much-needed support to asset markets, which have been in the grip of extreme volatility in the two weeks since R...

Stock markets mixed, oil extends gains with focus on Ukraine

Mar 09, 2022 (AFP)

But while the panic selling that characterised markets for two weeks eased, analysts warned of further volatility as Russia showed no sign of letting up on its ...

China slams Norway state fund over Xinjiang forced-labour fears

Mar 09, 2022 (AFP)

The Norwegian central bank said Monday it would divest from sports brand Li-Ning "due to unacceptable risk that the company contributes to serious human rights ...

Asian markets edge up, oil extends gains with focus on Ukraine

Mar 09, 2022 (AFP)

But while the panic selling that characterised markets for two weeks eased, analysts warned of further volatility as Russia showed no sign of letting up on its ...

Asian markets rally fades, oil extends gains with focus on Ukraine

Mar 09, 2022 (AFP)

But while the panic selling that characterised markets for two weeks eased, analysts warned of further volatility as Russia showed no sign of letting up on its ...

China inflation slowed in February as food prices eased: data

Mar 09, 2022 (AFP)

The producer price index (PPI), which measures the cost of goods at the factory gate, rose 8.8 percent on-year, the slowest rate since June last year, according...

Asian markets fall again, oil builds on gains as Ukraine war rages

Mar 08, 2022 (AFP)

As Russia's invasion of its neighbour continues, commodity prices have been sent to record or multi-year highs, forcing observers to re-evaluate their outlook f...

China exports up 16.3% as trade with Russia surged

Mar 07, 2022 (AFP)

The growth rate exceeded economists' expectations of a 15.7 percent gain from a year earlier. Shipments from the world's second-largest economy were valued at $...

South Korea to hit Belarus with export controls

Mar 06, 2022 (AFP)

Without detailing what specific measures would be taken, Seoul's foreign ministry said the restrictions would be similar to those previously imposed on Russia. ...

Russia banks turn to China after Visa, Mastercard suspension

Mar 06, 2022 (AFP)

Russian Visa and Mastercard bank cards will no longer be valid abroad, and cards issued abroad will no longer work in Russia, the global payments companies anno...

China sets lowest GDP target in decades over 'grave' outlook

Mar 05, 2022 (AFP)

Li announced the unusually modest target of around 5.5 percent growth for 2022 -- the lowest since 1991 -- in his speech opening the annual session of China's r...