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Belgian Prime Minister: We must be cautious to ensure that any decision to freeze Russian assets does not backfire and harm our own interests.

2025-10-23

Belgian Prime Minister: We must be cautious to ensure that any decision to freeze Russian assets does not backfire and harm our own interests.

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2025-10-23

The A-share banking sector rallied again in early trading, with Agricultural Bank of China reaching a new high with its 15th consecutive day of gains, bringing its total market capitalization to over 2.86 trillion yuan. Postal Savings Bank of China,

The A-share banking sector rallied again in early trading, with Agricultural Bank of China reaching a new high with its 15th consecutive day of gains, bringing its total market capitalization to over 2.86 trillion yuan. Postal Savings Bank of China, Bank of Qingdao, Bank of Jiangyin, and China Minsheng Bank all rose.
2025-10-23

Economists: History Shows Sanctions Against Russia Fail to Shatter Its Oil Revenue Foundation. Industry sources revealed Thursday that Indian refiners may significantly reduce their Russian oil imports due to new sanctions. According to two sources f

Economists: History Shows Sanctions Against Russia Fail to Shatter Its Oil Revenue Foundation. Industry sources revealed Thursday that Indian refiners may significantly reduce their Russian oil imports due to new sanctions. According to two sources familiar with the matter, Reliance Industries, India's largest Russian oil buyer, plans to reduce or completely halt such imports. However, market doubts remain about whether the sanctions can trigger a fundamental shift in supply and demand. Rystad Energy Chief Economist Claudio Galimberti noted, "Over the past three and a half years, virtually all sanctions against Russia have failed to significantly weaken the country's production or oil revenues." Oversupply concerns sparked by OPEC+ production increases limited oil price gains on Thursday. UBS expects Brent crude oil prices to remain in the $60-70 range. On the demand side, data from the U.S. Energy Information Administration on Wednesday showed that U.S. crude oil, gasoline, and distillate inventories fell across the board last week, driven by stronger refining activity and demand.
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