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Markets

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India and China’s love for Russian oil

India and China collectively spent $24 bn to import Russian oil during the three months after Ukraine's invasion by Putin....

China and Hong Kong launch scheme for interest rate swaps

The interest rate swap scheme will allow foreign investors to hedge market risks attached to the $553 bn in onshore yuan bonds held by them....

Asia’s race for the next gen semiconductors

South Korea's Samsung has become the first company to start mass manufacturing of 3-nm chips, ahead of Taiwan's TSMC....

Indian rupee depreciates to record low

India's twin deficits and rising interest rate differentials are accelerating rupee depreciation against the US dollar....

Southeast Asia benefits from ‘China Plus One’

Vietnam, India, Indonesia, Malaysia and other Asian countries are benefitting from the 'China Plus One' strategy of manufacturers. ...
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China’s yuan liquidity reserve pool to rival US dollar

Beijing is working with BIS, Indonesia, Malaysia, Hong Kong, Singapore and Chile for the yuan liquidity reserve pool....
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