The United States warned China against providing military or financial help to Moscow after its invasion of Ukraine, as sanctions on Russian political and business leaders mounted and civilians sought to flee intense fighting on the ground.
- BusinessAsia stocks skid as Ukraine war, China's COVID surge weigh
Asian stocks were in the red on Tuesday as surging COVID-19 cases in China hit the confidence of investors who are already worried about the Ukraine war and the first U.S. interest rate rise in three years, which could come this week.
- EnergyExclusive: Chevron set to trade Venezuelan oil if U.S. relaxes sanctions, sources say, article with gallery
Chevron Corp. is preparing to take operating control of its joint ventures in Venezuela if Washington relaxes sanctions on Caracas to boost crude supplies after banning Russia's oil imports, according to three people familiar with the situation.
- ChinaChina Jan-Feb industrial output, retail sales, investment beat forecasts
China's economy perked up in the first two months of the New Year, with key indicators all exceeding analysts' expectations, although a surge in COVID-19 cases, a property downturn and heightened global uncertainties weigh on the economic outlook.