
Russia's Crude Oil Shipments to Crucial Asian Markets Falter
Flows to China and India are more than 15% below their highs of late May
Flows to China and India are more than 15% below their highs of late May
The European Central Bank should be cautious about deploying tools to contain the borrowing costs of weaker nations, Bundesbank President Joachim Nagel said.
India’s trade deficit widened the most on record last month as high global commodity prices further raised the import cost of goods such as oil and gold.
Egypt’s state-run buyer is negotiating privately with traders to purchase wheat, making a rare shift from its usual tender process.
Uganda has become Africa’s first central bank to call an unscheduled rate meeting since Russia’s invasion of Ukraine further upended global supply chains and caused inflation to surge, prompting speculation that it may hike its key interest rate.
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