Page 44 - Eco News Today

The failed mutiny against Vladimir Putin hasn’t just weakened the Russian president. It is also a setback for his most important ally, Chinese President Xi Jinping. At the same time, China is grappling with a weaker economy and confronted by a stronger American-led alliance. It no longer seems certain to become the world’s top power.

New Zealand Prime Minister Chris Hipkins trod a careful line on his first trip to China last week as leader, focusing on trade and economic opportunities but avoiding contentious issues such as human rights abuses in Xinjiang or security concerns.

Australian resource and energy exports climbed 9% to a record A$460 billion ($300 billion) in the financial year just ended, but are forecast to slide over the next two years as some energy prices have dropped back to levels last seen before Russia invaded Ukraine.

Bond investors could be in luck for the rest of 2023 if market indicators signalling central banks will take policy tightening too far and tip their economies into recession prove accurate.

India's manufacturing industry expanded at the second-fastest rate this year in June, albeit at a slightly slower pace than in May, supported by robust demand despite higher inflationary pressures, a private survey showed on Monday.

Turkey's President Tayyip Erdogan said on Monday that his new economy team accelerated efforts to increase foreign direct investment (FDI) inflows after he secured another five-year term in May elections.

U.S. manufacturing slumped further in June, reaching levels last seen when the nation was reeling from the initial wave of the COVID-19 pandemic, but price pressures at the factory gate continued to deflate, a silver lining for the economy.

A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.

Eco (Atlantic) Oil & Gas Ltd. (LON:ECO – Free Report)’s stock price traded down 2.6% on Thursday . The stock traded as low as GBX 15 ($0.19) and last traded at GBX 15 ($0.19). 404,239 shares traded hands during mid-day trading, an increase of 11% from the average session volume of 364,231 shares. The stock […]

The International Monetary Fund's executive board on Thursday completed its first review of Ukraine's $15.6 billion loan program, allowing Kyiv to immediately withdraw $890 million for budget support as it mounts a major offensive against Russia's invasion.