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In singapore those numbers dropped 6 to said to further down in more ways than one australia lost a whopping 7 percent now that this goes on and it only continues downhill why are asian exchanges down so when when were hearing that the chinese are returning to work and the new cases of infection not subsiding. Thats an excellent question ben but it really still is very much attached or linked to the corona virus and theres even talk that the. Recession globally that we can cheer about the positive numbers that are coming out of china and you know that the fact is they still have some 80000 people still inspected to give the all clear whats even more worrying now more than whats happening in china are the numbers that are steady and fast rising spreading rapidly across other countries outside of china now government 2 banks are you know clearly not very prepared even with the stimulus measures that are being rolled out its the 1st time nobody expects a virus to hit the markets and sure ....
In singapore those numbers dropped 6 to said to further down in more ways than one australia lost a whopping 7 percent now that this goes on and it only continues downhill while asian exchanges down so far when when were hearing that the chinese are returning to work and the new cases of infection are subsiding. Thats an excellent question ben but it really still is very much attached or linked to the corona virus and theres even talk that it needs a recession globally that we can cheer about the positive numbers that are coming out of china and you know that the fact is they still have some 80000 people still inspected to give the all clear whats even more worrying now more than whats happening in china are the numbers that are steadily and fast rising spreading rapidly across other countries outside of china now government banks you know clearly not very prepared even with the stimulus measures that are being rolled out its the 1st time nobody expects a virus to hit the markets and s ....
Hello and welcome. Opec members are meeting in vienna today to consider whether to extend production cuts to try to prop up prices. But deals being made on the sidelines with non opec members are already making headlines. Saudi arabia and russia, a non opec member, have already come out to endorse a policy aimed at pushing up the price of crude oil as the world faces a weakened economy. Many Analysts Expect the group to roll over supply cuts of more than one Million Barrels per day until the end of the year. But the outlook for oil demand is murky at the moment. The ongoing trade war between the worlds two biggest economies, the us and china, has held back brent crude prices in recent months. Thats because fears over ongoing tariffs will damage global growth, reducing demand for the commodity. Thats been counterbalanced by tensions between iran and the us, which have height ....
let s now get down to business. we start with energy as more eu caps on russian oil have come into effect. the price of premium products, primarily diesel, is being capped at $100 a barrel, while low end products, including fuel oil, will be capped at $45. other oil product imports are banned completely from today. the price cap is designed to limit moscow s ability to fund its war in ukraine. enforcement relies on prohibiting insurance and shipping companies from dealing with russian cargo, unless it was bought at or below the set price. i have not got viyella davis to talk about this instead i do have another guest. joining me now is spencer welch, oil analyst with s&p global. we have been talking about eu caps and bounce, what has changed today? changed today? there is essentially changed today? there is essentially three - changed today? there is. essentially three different mechanisms that have been put in place in the last two months. on the fifth of december, ....
we begin in china where as you ve been hearing there were hugs and tears as international travellers arrived in china yesterday without the need to quarantine for the first time since the early stages of the covid pandemic. the strict quarantine rules had been in place for nearly three years. their lifting marks the end of beijing s zero covid policy, which had caused growing public anger. in hong kong, 400,000 people are expected to travel into mainland china in the coming weeks with long queues for flights into cities including beijing and xiamen. so what impact will the reopening of china have on the country s economy? let s go live to hong kong and talk to iris pang chief greater china economist at ing. lovely to see you. for many people this is what they have been waiting for for so long where they have not seen family or been able to return home. give us your take on the impact this is happening. i give us your take on the impact this is happening. this is happ ....