Monthly Archives: September 2022
Downbeat CPI Read Sends Shares Tumbling
Written on September 15, 2022 at 7:11 am, by 王建军
On Tuesday (GMT+3), the US released its year-on-year Consumer Price Index (CPI) figure, showing that inflation came in at 8.3%, higher than the expected 8.1% but lower than the previous month’s 8.5%. The month-on-month core CPI change, meanwhile, came in at an increase of 0.6% versus an expected increase of 0.3%. While gasoline prices haveContinue Reading
US to Place Cap on Russian Oil
Written on September 12, 2022 at 6:57 am, by 王建军
The US will be joining its G7 peers in placing a price cap on crude coming out of Russia in a bid to both limit the Kremlin’s ability to fund its war, while cooling inflation and oil prices. The price cap has been set to take effect 5 December, the same time Europe’s six-sanction packageContinue Reading
G7 Backs Price Cap on Russian Oil
Written on September 5, 2022 at 3:55 am, by 王建军
The Group of Seven, 7 of the world’s richest countries, has agreed to put a global price cap on Russian oil, potentially cooling oil prices while hitting the revenue of Russia. The cap is planned to be enacted around the same time as the EU sanctions on Russian oil, which will come into effect 5thContinue Reading
