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Western officials finalizing plans for Russia oil-price cap

Western officials finalizing plans for Russia oil-price cap

U.S. and Western officials are finalizing plans to impose a cap on Russian oil prices amid a warning from the World Bank that any plan will need active participation of emerging market economies to be effective. Officials said no price range has been decided yet, however one person familiar with …

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China’s Jan-Sept industrial profits fall at faster pace

China's Jan-Sept industrial profits fall at faster pace

Profits at China’s industrial firms fell at a faster clip in the January-September period as Covid-19 curbs and a worsening property crisis continued to weigh heavily on factory activity. Profits fell 2.3% in the first nine months of 2022 from a year earlier, after a 2.1% drop in the January-August …

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