TRADE WARS - AFRICA DAILY

Beijing wary of extending economic lifeline to Russia

Mar 04, 2022 (AFP)

Western countries have hit Russia's economy hard including by closing airspace, freezing assets and excluding seven banks from the SWIFT interbank messaging net...

China-backed bank halts lending to Russia, Belarus

Mar 04, 2022 (AFP)

In a statement issued Thursday, the AIIB said that "in the best interests of the bank, management has decided that all activities relating to Russia and Belarus...

China-backed bank AIIB halts lending to Russia, Belarus

Mar 04, 2022 (AFP)

In a statement issued Thursday, the AIIB said that "in the best interests of the bank, management has decided that all activities relating to Russia and Belarus...

Stocks sink as atomic plant shelling adds to Ukraine fears

Mar 04, 2022 (AFP)

As Vladimir Putin's forces stepped up their invasion, Ukraine's foreign minister demanded an immediate ceasefire to avoid disaster at the Zaporizhzhia plant aft...

Equities rise as Powell soothes rate fears, oil presses higher

Mar 03, 2022 (AFP)

With the Russian invasion of its neighbour hammering all assets across the board as uncertainty reigns supreme, traders were given a much-needed shaft of light ...

Equities rise as Powell soothes rate fears, oil close to $120

Mar 03, 2022 (AFP)

With the Russian invasion of its neighbour hammering all assets across the board as uncertainty reigns supreme, traders were given a much-needed shaft of light ...

China's Congress to focus on boosting slowing economy

Mar 03, 2022 (AFP)

The rubber-stamp parliament starting Saturday in Beijing gathers some 3,000 members of the National People's Congress (NPC) for highly choreographed meetings ov...

Equities rally as volatility eases for now

Mar 01, 2022 (AFP)

With no let-up in the assault on its neighbour, Russia has been pummelled by a series of widespread and debilitating sanctions that have sent the ruble crashing...

China manufacturing activity picks up in February

Mar 01, 2022 (AFP)

The Purchasing Managers' Index (PMI) -- a key gauge of manufacturing activity -- edged up in February to 50.2, defying expectations of a return to contraction t...

UK freezes assets of Belarusian defence chiefs

Mar 01, 2022 (AFP)

An assets freeze and travel ban was imposed on Victor Gulevich, Belarus' chief of the general staff and first deputy minister of defence. He was "responsible fo...

Asian equities rise, oil rally slows as volatility eases for now

Mar 01, 2022 (AFP)

With no let-up in the assault on its neighbour, Russia has been pummelled by a series of widespread and debilitating sanctions that have sent the ruble crashing...

European stock markets sink at open

Feb 28, 2022 (AFP)

In early deals, London's FTSE 100 index of top companies shed 1.4 percent to 7,384,68 points. BP's share price slumped 6.0 percent after the British energy gian...

Russian ruble tanks almost 30% after latest sanctions

Feb 28, 2022 (AFP)

The ruble was indicated to be down 27 percent at 114.33 per dollar in offshore trading, according to Bloomberg News. Oil surges, equities mostly fall on growing...

How a pensioner made Spanish banks rethink counter services

Feb 28, 2022 (AFP)

For Carlos San Juan, from the eastern port city of Valencia, the tipping point was an incident with an ATM in which the bank staff "flatly refused to come out a...

EU escalates sanctions on Russia: closes airspace, bans media

Feb 27, 2022 (AFP)

EU chief Ursula von der Leyen, announcing the measures, also said the European Union was taking the unprecedented step of financing arms to Ukraine, and was hit...

Nepal passes contentious US grant amid protests

Feb 27, 2022 (AFP)

Nepal signed the US government's Millennium Challenge Corporation (MCC) pact in 2017 to fund infrastructure projects but its ratification had been in limbo beca...

Chinese banks limit financing for Russian purchases: Bloomberg

Feb 26, 2022 (AFP)

China and Russia have strengthened their ties considerably since Moscow's 2014 annexation of Crimea and subsequent Western sanctions. To power its growth, the A...

Asian markets track Wall St rally as traders weigh Russia sanctions

Feb 25, 2022 (AFP)

Russian President Vladimir Putin's decision to send troops into Ukraine sent shockwaves through Asian and European markets and sent oil past $100 for the first ...

Serbia supports integrity of Ukraine, but won't impose sanctions to Russia

Feb 25, 2022 (AFP)

Russian president Vladimir Putin's decision to attack Ukraine has triggered worldwide condemnations, including throughout the Western Balkans. "Republic of Serb...

'Punish Russia': Sanctions imposed on Moscow over Ukraine invasion

Feb 25, 2022 (AFP)

As Russia's military closes in on Kyiv and Ukrainian refugees pour into neighboring countries, here are some of the sanctions heaped on Moscow so far. - United ...