Monthly Archives: April 2022
US Shares Rout on Inflation Fears
Written on April 27, 2022 at 8:56 am, by jonywang
US shares plunged on Tuesday night (GMT+3) as investor fears about spiking interest rates, slowing economic growth, and rampaging inflation culminated in a rout. The S&P 500 closed the day by 2.8% lower to 4,175.20, Dow Jones slid around 800 points to 33,240.18, while the tech-heavy Nasdaq Composite plunged nearly 4% to 12,490.74, hitting itsContinue Reading
An Imminent Global Food Crisis?
Written on April 25, 2022 at 1:51 am, by jonywang
Russia’s war in Ukraine has had a profound effect on global food distribution, and world leaders are anxious to address any coming issues. US Treasury Secretary Janet Yellen will be meeting ministers from industrial nations – including IMF leaders and G7 members – around the world to address the growing food supply crisis caused byContinue Reading
8 Million EIA Inventory Drop Sends Crude Prices Up
Written on April 21, 2022 at 3:52 am, by jonywang
On Wednesday (GMT+3), the US Energy Information Administration reported a large decrease of 8.02 million barrels in its crude oil inventories, bringing its current inventory to 413.7 million barrels. The numbers are far from the forecasted increase of 2.471 million barrels, and last week’s increase of 9.382 million. Meanwhile, gasoline inventories see a decrease ofContinue Reading
OPEC: Russian Crude “Nearly Impossible” to Replace
Written on April 18, 2022 at 1:39 am, by jonywang
The Organisation of Petroleum Exporting Countries (OPEC) has warned that it would not be possible to replace the 7 million barrels of Russian oil and other liquid exports that will potentially be lost each day due to current and future sanctions. While the EU has not yet banned imports of Russian energy, the option hasContinue Reading
Singapore Increasingly Seen as Safe Haven For Chinese Wealth
Written on April 4, 2022 at 6:37 am, by jonywang
As Beijing’s crackdown on the country’s wealthy continues under president Xi Jinping’s “common prosperity” policy, an increasing number of China’s affluent are moving their money to Singapore and setting up family offices. Singapore’s attractiveness stems from its large Chinese-speaking population, lack of wealth tax, and relative proximity. The trend started in 2019 following the economicContinue Reading
