SCO & BRICS latest news and insights
By Rhod Mackenzie
On February 6, the CSI 300, China's main index, rose by 3.5%. The following day, the rally continued, albeit with more modest growth of only 0.5%. Bloomberg reports that investors are hopeful that the Chinese government's support will stabilize the situation in the stock markets,...
By Rhod Mackenzie
The oil market is currently anticipating a ceasefire in the Gaza Strip and a potential significant decline in production statistics in the United States. Any future developments will depend on the accuracy of the American Energy Information Administration's forecast.
On the mor...
By Rhod Mackenzie
The trust of German businesses in Chancellor Scholz and his government is diminishing rapidly. Siegfried Russwurm, the of the Federal Association of German Industry (BDI), has criticized Scholz's energy policy as 'absolutely toxic'.
In an interview with the Financial Times (FT)...
By Rhod Mackenzie
Russian importers can no longer use Chouzhou Commercial, a Chinese bank that was previously their main settlement center. Transactions have been halted through both SWIFT and the Russian SPFS with the Chinese CIPS. According to the Deputy Chairman of the Board of SME Bank Alexey...
By Rhod Mackenzie
Influential international organizations have hastily revised their forecasts, perviously predicting long-term stagnation for the Russian economy under the weight of sanctions. The OECD expects 1.8% GDP growth for the year, while the IMF expects 2.6%. The West is puzzled by the ra...
By Rhod Mackenzie
According to a study by financial intelligence company Sayari, it is possible that certain Russian banks may have found a way to bypass the ban on importing cash dollars and euros into Russia by exchanging gold for them in the United Arab Emirates and Turkey. Bloomberg reported o...
