ASIA: China has decided the status quo of Taiwan's situation is no longer acceptable and has begun to ratchet up pressure on the self-governing island, including holding out the possibility of using force, U.S. Secretary of State Antony Blinken said on Wednesday. Speaking at an event organized by Bloomberg, Blinken said China had altered
ASIA: To stabilize China's foreign exchange market and support the value of the yuan, the country's central bank, the People's Bank of China (PBC), announced that it will raise the foreign exchange (FX) risk ratio for foreign exchange forward trading from 0 to 20 percent, effective Wednesday. It will increase the cost of foreign exchange
ASIA: India's cabinet on Thursday approved a policy to restrict wheat flour exports to calm prices in the local market, the government said in a statement. India banned wheat exports in mid-May as a scorching heatwave curtailed output and domestic prices hit a record high. In July India asked traders to secure permission before exporting
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ASIA: Group of Seven democracies have had positive and productive discussions with China and India about a plan to cap the price of Russian oil, a source familiar with the G7 discussions said on Tuesday, adding the two major oil consumers would have incentives to comply. The price-per-barrel cap level had not yet been determined,