Ukraine conflict has knocked 2.8% off world trade over last two months. And the Kiel Trade Indicator says China trade faces 'stagnation', due to the Covid lockdown in Shanghai

Russia is turning to microchip manufacturers in China to circumvent western sanctions which have boosted demand for bank cards linked to Mir payment system, a payment card executive said.

The bloc's combined economy is projected to expand 5.2% this year, the ADB said in a report, down slightly from 5.3% forecast in December

Washington-based lender says it expects 2022 growth in developing East Asia and the Pacific, which includes China, to expand 5%, down from its 5.4% forecast in October

Saudi Arabia, UAE and Qatar—key members of the Organization of the Petroleum Exporting Countries—have remained hesitant to increase oil and gas exports

The Biden administration sanctioned a gamut of entities, including Singapore's Alexsong, that reportedly helped Russia evade curbs

Move would mark the third time the US has tapped strategic reserves in six months, and would be the largest release in the near 50-year history of the reserve system

China's largest banks have said lenders face multiple headwinds this year that include the pandemic and global politics

The fact that the Biden-Xi conversation ended with little more than mutual threats of sanctions should be a wake-up call to foreign businesses operating in China

The ban on Russia-bound precious metal reflects Prime Minister Fumio Kishida's resolve to impose further sanctions against the country

Russian Foreign Minister Sergei Lavrov is set to fly to India this week, sources said, amid talk that Moscow wants to boost trade and payment systems because of sanctions over Ukraine

Oil prices dropped on Tuesday, as Ukraine and Russia headed for peace talks and fears of a drop in fuel demand in China after Shanghai shut down to curb a surge in Covid-19