Tokyo stocks retreat amid geopolitical, economic uncertainties
Tokyo stocks retreated on Wednesday as investors grappled with heightened uncertainties surrounding US monetary policy and geopolitical tensions between Ukraine and Russia.
Tokyo stocks retreated on Wednesday as investors grappled with heightened uncertainties surrounding US monetary policy and geopolitical tensions between Ukraine and Russia.
The outgoing Biden Administration’s authorisation for Ukraine to carry out long-range missile strikes against Russian targets using US weaponry signals a significant escalation in the on-going conflict.
The Indian stock market, which saw a super rally on Tuesday, lost the steam towards the end amid heavy profit-booking, as fresh tensions between Ukraine and Russia came to light.
The on-going conflict in Ukraine has sent shockwaves through global energy markets, impacting everything from international relations to commodity prices.
The BRICS summit has once again brought the group’s growing global clout into sharp focus, particularly in the context of the ongoing war in Ukraine.
Russia and Ukraine have exchanged 206 prisoners of war, said the Russian Defence Ministry.
While discussions over whether or not Ukrainian forces should be permitted to utilise weaponry provided by the West to launch attacks deeper into Russia go on, the Biden administration said it is getting ready to send a sizable aid package to Ukraine in the upcoming weeks.
Officials from the Gulf states and Russia, including Russian Foreign Minister Sergei Lavrov, discussed the ongoing Ukraine crisis and the international community's efforts to achieve a peaceful resolution.
German Chancellor Olaf Scholz has spoken in favour of Russia's participation in a new summit to resolve the crisis with Ukraine, the Russian media reported on Sunday.
Ukraine’s recent debt restructuring stands as testament to its resilience amid adversity. Faced with the immense financial strain of a protracted conflict with Russia, Ukraine’s ability to negotiate one of the largest and fastest debt restructurings in modern history highlights the determination and strategic acumen of its economic leaders.
