Latest offensive in Russia’s war on Ukraine is cartological
MOSCOW — It could soon be an offense here to print any maps that don’t label Crimea and other parts of Ukraine as Russian territory. Political analysts say the new legislation is a symptom of the growing unease spreading through Russian President Vladimir Putin‘s government as the conflict continues into its second calendar year. Source link
Russia’s global energy leverage is lessening as full-scale war in Ukraine nears 1-year mark
Russian President Vladimir Putin‘s use of energy as a weapon of financial war is increasingly backfiring, threatening the core of Russia’s beleaguered economy and curtailing its geopolitical influence. Western sanctions, falling prices for Russian fossil fuels and strategic miscalculations are hurting the country’s oil-and-gas industry while the war in Ukraine is poised to stretch into a […]
With a sale of Chinese yuan, Russia kicks off 2023 forex intervention By Reuters
© Reuters. FILE PHOTO: Banknotes of Chinese yuan and Russian rouble are seen amid flags of China and Russia in this illustration picture taken September 15, 2022. REUTERS/Florence Lo/Illustration By Guy Faulconbridge and Darya Korsunskaya MOSCOW (Reuters) -Russia said it would resume foreign currency interventions with the sale of yuan from Friday, underscoring the growing […]
BofA Sees Gold Over $2,000 Oz in Coming Months
ank of America Securities expects gold prices to head over $2,000 oz in the coming months on the back of developments in US interest rates and foreign exchange markets, it said today. Source link
Mother of All Debt Bombs & 9 Other Megathreats Are Looming, Gold May Be Best Protection: Roubini
Nouriel Roubini, CEO of Roubini Macro Associates and Professor Emeritus at NYU Stern School of Business, discusses his latest book, ‘Megathreats,’ as well as his outlook for 2023 and beyond. He discusses how investors can hedge against looming ‘megathreats,’ using commodities like gold. Source link
India turns net importer of steel in Q3FY23
India turned net importer of steel for Q3FY23 (Oct–Dec), with imports outstripping exports by 7,06,000 tonnes. This is the first quarter in over two years in which India has turned net importer. For Q3FY23, steel imports were pegged at 18,46,000 tonnes against 11,40,000 tonnes of exports, a report of the Union Steel Ministry, accessed by […]
Tesla, Wynn, Traeger, Amazon and more
Tesla charging stations at a car showroom in the morning light. The expansion of the charging infrastructure is still not progressing as desired. Jan Woitas | Picture Alliance | Getty ImagesCheck out the companies making headlines in midday trading.Tesla – Shares of Tesla shed 12.2% after the company announced fourth-quarter vehicle deliveries that fell short of […]