WORLD
Why so many countries want to sit out the new cold war
Distrust of aggressive regional powers such as Russia and China is balanced by suspicions that the U.S. is a profoundly weakened and highly unstable superpower.
BUSINESS
Limit up or limit down? Nickel traders brace for wild ride
Nickel was suspended on March 8 after prices rose 250% in little more than 24 hours, largely as metals tycoon Xiang Guangda struggled to pay massive margin calls to his banks and brokers.
WORLD
Russia Is Spiraling Toward a $150 Billion Default Nightmare
About $120 billion of the current outstanding government and company debt is denominated in dollars, with the bulk of the remainder in euros, according to data compiled by Bloomberg. Roughly $25 billion was issued by Gazprom, the state-owned natural-gas giant.
BUSINESS
India said to plan $3.3 billion sovereign green bond issue
The debut sale may take place in the first half of the fiscal year that starts on April 1, and a decision to sell more green debt will depend on the response to the initial issuance, the people said, requesting not to be identified as the information is private, said.
BUSINESS
Ukraine War Gives Egypt a Wheat Crisis Only China Can Solve
While the government says it has sufficient stockpiles to see it through to the end of the year, it could rapidly become an existential issue if the war drags on and disrupts planting.
BUSINESS
An oil price rally is bad. A diesel crisis is worse
Diesel is the workhorse of the global economy. And prices have surged in recent days to an all-time high
BUSINESS
Inflation is bringing back the K-shaped economy
Until now. Stagflationary trends in the housing market combined with the energy shock stemming from war in Ukraine has created a new kind of K-shaped economy.
BUSINESS
Global Bonds limp into Fed meeting with seven 2022 hikes priced
Australia’s benchmark 10-year yields clear March 2020 highs. New Zealand yields highest since 2017; Treasuries steady after rout
BUSINESS
Govt said to plan LIC’s IPO by May after markets calm down
The IPO, which was set to launch before end of March, forms a key part of Prime Minister Narendra Modi government’s plan to divest state assets to fund a yawning budget deficit
BUSINESS
We’ll miss globalisation when it’s gone
The war in Ukraine doesn’t necessarily mean a sharp break in history, but it will perhaps cement the decline of globalization
BUSINESS
Global bonds slide nearly 10% from peak in worst drop in decade
Investment-grade credit spreads are at highest since mid-2020. The US Fed is poised to lift interest rates for first time since 2018
BUSINESS
Andy Mukherjee | Can India really overthrow Visa and Mastercard?
The decision by global card firms to boycott Russia over its invasion of Ukraine may amplify nationalist sentiments. But will RuPay ever become a serious alternative? It may take more than patriotism to take on the entrenched payment institutions
BUSINESS
Singapore seeking expats with ‘super’ skills
The revised scoring system is set to kick in from September next year for new applicants of an Employment Pass, holders of which currently make up about 14 percent of the financial and business hub’s foreign workforce.
BUSINESS
What happens to stocks when the Fed hikes: A historical guide
With the Fed preparing to hike rates, it’s worth wondering if the S&P 500, which is still up almost 90% since bottoming on March 23, 2020, is running out of steam
BUSINESS
Here’s how oil’s historic surge is impacting Asia stock markets
Risks of a rise in consumer prices and disruption to current-account balances have triggered strong foreign outflows from equities in markets like India and South Korea in recent days.
BUSINESS
Indian billionaire bets $4 billion on oil hunt amid price surge
India’s Cairn Oil & Gas, a unit of Vedanta Ltd., will spend as much as $4 billion over the next three years to more than triple its production, as high prices make investments attractive.
BUSINESS
Bitcoin boom or crypto winter? Some technical levels to watch
If Bitcoin manages a sustainable break above key resistance at $45,000, that opens the door for $54,000 next, said Christopher Grafton, managing director at Vectisma Ltd.
BUSINESS
What LNG can and can’t do to replace Europe’s imports of Russian gas
The extent to which global LNG supply can expand is constrained, however, setting Europe up for a battle for supply with Asian buyers.
WORLD
Joe Biden set to call for end of Russia’s preferred trade status
Joe Biden's announcement to revoke the trade privileges will come alongside the Group of Seven nations and European Union leaders, the people familiar with the matter said.
BUSINESS
Rihanna's lingerie company Savage X Fenty likely to launch $3 billion IPO
Representatives for Savage X Fenty, Goldman Sachs and Morgan Stanley didn’t immediately respond to requests for comment. The company raised $125 million in January in a funding round led by Neuberger Berman.
BUSINESS
China tech sees ‘indiscriminate selling’ on US delisting fears
Chinese tech shares tumbled to a fresh low, tracking overnight weakness in their US peers, as renewed regulatory concerns unnerved investors still reeling from wild price swings this week.
BUSINESS
Why Modi keeps winning
Populism can deflect blame elsewhere. That reigns supreme until the very source of the power -- the divisions in society that strengthen and support the narrative – is directly targeted and addressed
