Regional News

08.02.2023

Industry in Russia does not stop sanctioned imports

The Gaidar Institute (IER) in January conducted a survey of representatives of industrial enterprises on how they replaced imports of equipment, spare parts and components that fell under the sanctions in 2022 (see chart). It turned out that the unconditional import substitutes in relation to machinery and equipment were Chinese...

The Gaidar Institute (IER) in January conducted a survey of representatives of industrial enterprises on how they replaced imports of equipment, spare parts and components that fell under the sanctions in 2022 (see chart). It turned out that the unconditional import substitutes in relation to machinery and equipment were Chinese...

08.02.2023

Rouble subdued as bulls prevail on Russian equity markets

The rouble fell to a near one-month low past 71 to the dollar in early trade on Tuesday, before staging a marginal recovery as Russia almost tripled its daily foreign currency sales, a day after posting a yawning budget deficit for January.

At 0717 GMT, the rouble was 0.2% stronger against...

The rouble fell to a near one-month low past 71 to the dollar in early trade on Tuesday, before staging a marginal recovery as Russia almost tripled its daily foreign currency sales, a day after posting a yawning budget deficit for January.

At 0717 GMT, the rouble was 0.2% stronger against...

08.02.2023

Yuan draws strength from ebbing political row

China's yuan edged higher on Tuesday from a one-month low against the dollar hit a day earlier, supported by signs of de-escalation in Sino-U.S. tensions.

Currency traders said market sentiment improved as both Beijing and Washington appeared to show willingness to de-escalate after U.S. President Joe Biden said on Monday that bilateral relations...

China's yuan edged higher on Tuesday from a one-month low against the dollar hit a day earlier, supported by signs of de-escalation in Sino-U.S. tensions.

Currency traders said market sentiment improved as both Beijing and Washington appeared to show willingness to de-escalate after U.S. President Joe Biden said on Monday that bilateral relations...

08.02.2023

Bulls return to China stock markets as business gets back to usual

Chinese blue chips inched higher on Tuesday, as some investors bought the dip after a three-session slide amid hopes for a de-escalation in Sino-U.S. tensions.

China's blue-chip CSI 300 Index closed up 0.2%, and the Shanghai Composite Index added 0.3%.

The Hang Seng Index ended 0.4% higher and the Hang Seng China...

Chinese blue chips inched higher on Tuesday, as some investors bought the dip after a three-session slide amid hopes for a de-escalation in Sino-U.S. tensions.

China's blue-chip CSI 300 Index closed up 0.2%, and the Shanghai Composite Index added 0.3%.

The Hang Seng Index ended 0.4% higher and the Hang Seng China...

08.02.2023

China's forex reserves rise in January

China's foreign exchange reserves rose to 3.1845 trillion U.S. dollars at the end of January, up 1.82 percent from a month earlier, data from the State Administration of Foreign Exchange showed Tuesday.

The foreign exchange regulator attributed the increase in foreign exchange reserves to the combined impact of currency translation and...

China's foreign exchange reserves rose to 3.1845 trillion U.S. dollars at the end of January, up 1.82 percent from a month earlier, data from the State Administration of Foreign Exchange showed Tuesday.

The foreign exchange regulator attributed the increase in foreign exchange reserves to the combined impact of currency translation and...


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