EMRG

Russia outlines plan for ‘unfriendly’ investors to sell at half price

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This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. MOSCOW, Dec. 30 (Reuters) – Foreign investors from “unfriendly” countries selling stakes in Russian assets may have to do so for half the price or less, the finance ministry said on Friday, cutting Russia’s budget by 10% is … Read more

Chinese manufacturing is shrinking sharply as the number of COVID infections rises

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BEIJING, Dec. 31 (Reuters) – China’s factory activity contracted at its strongest pace since the pandemic first broke out nearly three years ago, after Beijing abruptly reversed anti-epidemic measures this month, sparking a wave of COVID infections across the country . The official purchasing managers index (PMI) fell from 48.0 in November to 47.0 in … Read more