Dec 28 (Reuters) – The head of Russia’s state-controlled airline Aeroflot called on the Russian government to “balance the interests” of Russian and foreign airlines in order to support the domestic aviation sector, in an interview with Russian news site RBC published on Wednesday.
In the interview, Aeroflot CEO Sergei Alexandrovsky said it is “important that the state balances the interests of Russian and international carriers. Because it is obvious that foreign carriers now have much more opportunities and advantages in these conditions”.
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Oil Prices Fall On Worries China COVID Surge, Global Recession
LONDON, Dec 28 (Reuters) – Oil prices fell on Wednesday on concerns that rising COVID-19 cases in China, the world’s top oil importer, will disrupt its economic recovery and fuel demand growth as it unwinds its pandemic restrictions.
Brent futures for February delivery fell 78 cents, or 0.9%, to $83.55 a barrel, by 0900 GMT. U.S. crude fell 75 cents, or 0.9%, to $78.78 per barrel.
Both benchmarks fell by over $1 per barrel earlier in the session after rising to their highest in three weeks on Tuesday on hopes for a fuel demand boost.
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Inflation, Recession And Earnings Among Factors To Drive U.S. Stocks In 2023
NEW YORK, Dec 28 (Reuters) – U.S. stock investors could not be more eager to turn the page on 2022, a brutal year dominated by market-punishing Federal Reserve rate hikes designed to tamp down the steepest inflation in 40 years.
The S&P 500 (.SPX) is down nearly 20% year-to-date with only a few trading days left in 2022, on pace for its biggest calendar-year drop since 2008. The carnage has been even more severe for the Nasdaq Composite (.IXIC), which had tumbled by nearly 34% so far for the year.
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Singaporeans Hit The Malls On Smart Shopping Spree Before Sales Tax Hike
SINGAPORE, Dec 28 (Reuters) – Singaporean Soif Noor has already bought furniture and appliances for his new home, four months before he can move in. Like many residents, he’s been on a spree – because on Jan. 1 Singapore’s sales tax goes up for the first time in 15 years.
From next year, the sales tax on everything from groceries to diamond rings goes from 7% to 8%. Barring a sharp global economic downturn next year, it will then rise to 9% in 2024 as the city state of 5.6 million people raises revenue to support its ageing population.
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What Investors Watch Out For In Emerging Markets In 2023
LONDON, Dec 28 (Reuters) – It has been a rough 12 months for emerging markets that have seen more governments stumble into default, currencies suffer and double-digit losses in stocks and bonds alike – though many investors are optimistic that 2023 could bring some relief.
Below are the events, trends and topics investors expect to shape the outlook for emerging markets next year.
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