Bloomberg Russia raised the death toll in a Ukrainian rocket attack on New Year’s Day, to 89, the largest such loss it’s yet acknowledged in the war, blaming soldiers’ mobile-phone use for exposing their location. But Russian military bloggers, who have often been sharply critical of the Defense Ministry’s handling of the war, accused commanders of negligence for stationing mobilised ...

  Bloomberg The presidents of China and the Philippines agreed to strengthen cooperation and discuss maritime differences amicably after meeting in Beijing, according to Chinese state media. “China is willing to properly handle maritime issues with the Philippines side through friendly consultation, and restart negotiations on oil and gas exploration,” China Central Television quoted President Xi Jinping as saying. The ...

Bloomberg Passing the peak in European inflation may be good news for consumers, businesses and central bankers, but it’s too soon to sound the all clear. Reports have shown price gains from Germany to Spain easing more than economists expected in December after natural-gas costs retreated and government aid kicked in. Those falls, however, mask intensifying pressure in gauges that ...

  Bloomberg China extended trading hours for the onshore yuan as it attempts to internationalise the currency, but the move was met with tepid response with only a few local banks equipped to participate during those hours. The dollar-onshore yuan trading volume during the extended hours, totalled $128 million on the first day, according to China Foreign Exchange Trade System ...

  Bloomberg Few major currencies stand to lose out as much from the yen’s comeback as the British pound this year. Investors have been dumping sterling on the view that a weakening UK economy will prevent the Bank of England from being as hawkish as its counterparts in the rest of the world. The difference is most pronounced when compared ...

  Bloomberg The year ahead will be better for European stocks than many think as inflation peaks and rates normalise, according to a Deutsche Bank AG strategist. “Although earnings are likely to fall in 2023, fewer macro risks and lower rate volatility should be supportive for equity markets,” Maximilian Uleer wrote in a cross-asset outlook note. Consensus is “overly pessimistic ...

  Bloomberg Citigroup Inc has trimmed India’s current account deficit forecast for the current financial year ending in March, after services exports grew unexpectedly and oil prices moderated. The shortfall in current account, the broadest measure of trade in goods and services, will probably be at 2.9% of gross domestic product, according to Citi’s India economist Samiran Chakraborty. That is ...

  Bloomberg Rupee-denominated bond sales are set to grind to a halt in a few days as India’s government upgrades an online portal used by companies to file regulatory documents. Starting from January 7, the Ministry of Corporate Affairs portal will be unavailable for companies to file a so-called PAS-3 form, or “return-of-allotment” form, as the administration migrates to a ...

  Bloomberg The Bank of Japan’s (BOJ) decision to double its 10-year yield ceiling was meant to improve market functioning. So far it’s triggered even heavier intervention from the central bank, threatening to reduce liquidity further in the local bond market. The BOJ announced a fourth day of unscheduled bond buying, offering to buy unlimited amounts of two- and five-year ...

  Bloomberg Chinese shares are off to a strong start in 2023, putting behind a dismal year as fears of isolationist policies give way to signs of an economic powerhouse turning friendlier to both the outside world and its own entrepreneurs. The MSCI China Index has risen 5.3% since trading resumed, marking the best start to any year since 2009, ...