whether you are at the central bank counter or shafi, in the area of ​​children's fans , how much do we need to charge the central bank ? let's do it in the central bank of india'sced agricultural jihad, but there is a point that i should tell the importer, from now on , for example, i don't have anything. let it be that the yuan of the body of kiwan, then single, will be converted into dirhams this is a violation of this issue, that's why i believe in the efforts of my friends in the central bank. at the highest level of the government , the matter has not been started, but i hope that according to this consensus, it will be established much sooner than in the last 10 years. the issue in this area we are talking about, what decision can this exchange center for currency and gold, which we mentioned was better than the previous systems, face failure at home, the most important point is the position of the importers and exporters, which i mentioned, because they, due to the lack of structure the official payment of super contract only works practically also, in the past, the number of city games was low, this is the fact and the second point is to find an officia

the central bank of india has asked banks for data on their ties with adane group, reuters reports the total amount of the conglomerate's debt obligations is $24.5 billion, according to various estimates. 40% of this amount falls on indian banks. all this against the background of the scandal that erupted after the investigation of the american hinderburger , my colleague understood the topic. leila diamondarova. leila, i welcome, tell me, please, what is happening now against the background of all this with the company's shares. dmitry greetings, they are expected to fly down. against this background. had to cancel extra edition papers they enterprice. shares of adani enterprice fell 30% on the mumbai exchange overall loss. yes , they groups exceeded $100 billion, and the owner of goa, tamadane, lost the title of asia's richest man, the fall in shares began last week. after the american hinden work research published a 100 page investigation. it says that the indian conglomerate is allegedly involved in massive fraud in securities and accounting. the report also made allegations of mo

contact with us dmitry lyubinsky ambassador of russia to austria was with us on the air of the central bank of india asked the banks for details of their ties to the odane group reports to the raider agency the total amount of debt obligations of the conglomerate is 24.5 billion dollars, according to various estimates, 40% of this amount falls on indian banks. uh, all this against the backdrop of scandals that flared up after the publication of the american hinden investigation. book reserge leyla alnazarova understood the topic. enterprises fell 30% on the beige buy and the total loss, they groups exceeded $100 billion, and the owner lost the title of asia's richest man in a year the stock started falling last week. after the american kingdom work research published a 100- page investigation. it states that an indian conglomerate allegedly involved in massive securities and accounting fraud has also filed allegations of money laundering corruption, as well as pressure on indian government agencies and freedom of the press, while the danish group denies any accusations and calls the findings of the

the central bank of india if it comes to the movement -- so at just so i would expect them to maintainn the subject. haslinda: just one question before we let you go, how robust you think india's regulatory framework really is? >> the regulatory framework has improved a lot. i have been in the market more than 50 years and have signed thousands of shares. we were demilitarized and it was trading from the foothills of the himalayas. pretty well regulate the market even during 2008. an insight of the ease of doing business, the ranking of they went up to number seven or eight and market regulation and transparency, so i think we have a stronger regulatory network. which is quite capable of looking at market manipulation. and the interesting thing is this is had very little impact on the indian pollsters. they are shrugging off possibly because adani stocks aren't -- at all. they have a pretty low one because it's so little. so that's a good thing for the market, it's very stable and i for one feel that monetary regulation systems is robust enough. rishaad: this said adani is india and in

the central bank of india asked banks for data on their ties with adana group, reuters reports. tal amount of debt obligations of the conglomerate is 24.5 billion dollars, and here, according to various estimates, 40% of this the sum falls just on indian banks. this is all against the backdrop of the scandal that erupted after the publication of the investigation of the american hindenburgch nazarova understood the topic adani enterprice shares fell by 30 percent on the mumbai exchange, the total losses from them groups exceeded $ 100 billion, and the owner of goa tamadane, lost the title of asia's richest man started last week. after the american hinden burgressearch published a 100-page investigation, it says that the indian conglomerate is allegedly involved in mass fraud with securities and accounting. the report also made allegations of money laundering, corruption, as well as pressure on indian government agencies and freedom of the press. and yes, it’s not a coffin that rejects any accusations and calls the conclusions of the investigation fictitious. they claim there. thi

the central bank of india asked banks for data on their ties to adane group reported to reuters that merate's total debt is $24.5 billion, according to various estimates. 40% of this amount falls on indian banks. all this against the backdrop of a scandal that erupted after the investigation of the american hindenburg.

the central bank of india asked banks for data on their connection to a danish group is reported by the amount of debt obligations of the conglomerate is $24.5 billion, according to various estimates, 40% of this amount falls on indian banks. all this against the background of the scandal that flared up after the publication of the investigation by the american hinderburge dealt with the topic. shares of adani enterprice fell 30% on the mumbai exchange overall loss. yes, they groups exceeded $100 billion, and the owner of goa, tamadane, lost the title of asia's richest man, the fall in shares began last week. after the american hinden work research published a 100 page investigation. it says that the indian conglomerate is allegedly involved in massive fraud in securities and accounting. the report also made allegations of money laundering , corruption, as well as pressure on indian government agencies and freedom of the press. and yes, it’s not a coffin that rejects any accusations and calls the conclusions of the investigation fictitious. they claim there. this is not just an attack o

we saw that the central bank of india is stepping in to say that things with the banks are ok.he banks have come up with the statement are saying that their exposure is within limits. now the latest we are seeing is the adani group founders, the family is pledging shares. meanwhile, the opposition party has demonstrated some protests in front of the gandhi statue in the capital. so things are gathering pace, we don't know whether they will take to the street with this adani protest. francine: we will keep a very close eye on everything going on with adani. the other big story is the renault-nissan story. our anchor tom mackenzie is on the ground. this has been quite a lot of time in the making. it is interesting to note that the landmark deal to reshape the alliance has been happening in london. they signed a deal this morning aimed at using long-standing tensions between the two companies, and we hope it is allowing them to move forward at a time of unparalleled challenges for the automotive industry. it includes joint development of several new models, and as part of the pack

of dominoes. for more or less bringing the w correspondent, a charo car to gay and deli charo. india's central bank is now reportedly asking the countries financial institutions about their exposure to the dani group. are the troubles of the conglomerate, a threat to india as economy as a whole? well, that certainly is among one of the concerns chris. i mean, a danny group saw debt at the end of last fiscal was over $24000000000.00. and there are reports that indian banks are exposed to about 40 percent of this amount . that's a huge number. these banks also include banks like the state bank of india, which is not just the largest public sector bank in india. it is the largest lender in india, apart from banks, there are other financial institutions also involved in their behemoths. for example, life insurance corporation of india, which is india's largest insurer, it is also state run. so there's a lot of public money also involved. as far as this exposure to any group is concerned that this is set. we're definitely an issue of national concern. that's the reason why now the issue has come up to t

two-day meeting of the ministers of finance and satisfaction with the central banks of the g20 member countries ended in the port of india without issuing a joint statement. according to nhk, the draft statement of the meeting included two paragraphs about the war between russia and ukraine , which was opposed by china and russia. after a year of war in ukraine, the members of the 20% group reached an agreement to deal with economic issues and the consequences of this war . there is a widespread shortage of drugs for the treatment of attention deficit hyperactivity disorder in america, the parents of affected children are worried and intoxicated. quoted from the management center and america's disease prevention announced that more than 6 million children in this country are suffering from this disorder, this company from the group of companies that produce these drugs , the us food and drug administration announced that due to the increase in demand, the lack of effective ingredients, their production is not meeting the demand. iran recorded the highest number of deaths from corona with 72 deaths in the last day and nig

charo if inflation has come down and is now within the area that the reserve bank of india wants it to be. why does the central bank keep raising interest rates? well, chris, if one keeps looking at the headlines, then it appears that 6 percent is the i b as confir dario. whereas actually, according to our bias mandate, the comfort area is 4 percent. so the r v as a continuous target is to keep or inflation within 4 percent limit with a margin of 2 percent. so right now, but when inflation has come down as compared to 6 percent, when it was, it is in that margin territory and not in the safe to the tree that the i would want it to be the i b a saying that across the world, central banks are still occupied with this dilemma, whether to keep maintaining this hawkish stance on rates, to count it inflation, or to let it go. and the i, b, i was off to view that it needs to maintain the hawkish johnson keep her attacking inflation. so how are people in india impacted by this sort of monetary policy? interestingly, criss dead have been demands from several quarters that the area needs to let go. now there have been e

are watching out there and i'm the starz you take here and doha, that's remind you of our top stories. india central bank is reportedly asking local banks for details of their exposure to companies owned by tyquan gout on the dani, half of some, $100000000000.00 were wiped off their value. a donnie has called off a $2500000000.00 share failed to the group. stocks took a hammering off to allegations of fraud in the u. s. israel has carried out air strikes in the gaza strip. the army said it had a weapons factory, israel, that it launched the strikes off to a rocket, was fired from garza and the u. s. is expanding its military footprints in the philippines and a move that could give it a strategic edge against china. the deal follows talks between defense secretary lloyd austin and present ferdinand michaels junior in manila. while returning to our top story now and the loss of over a $100000000000.00 and value for the donnie group, we can speak to pub. me, miss alice, you joins us now live from new delhi. probably. can you talk us through some of the fall out we're seeing here so wondering, does biggest c

india's efforts on inflation control is also pushing the balance of risk on the side of growth. remember, india's central bank is they could increase it further, and this continued increase in interest rates has raised the cost of borrowing and put pressure even on household budgets. add to that a slowing global economy is hurting india's export potential and is expected to dent growth even going forward. in fact one of india's monetary policy committee members has called this economic growth very fragile, saying it may fall short of what the country needs to meet the aspirations of the growing workforce. but despite that unevenness, india continues to be brighter than most economies that are headed into a recession, according to both the world bank and the international monetary fund. remember, india's central bank has in fact slashed india's growth rate to 6.8% for the current financial year ending march 2023. archana shukla there. popular products, such as coffee and bananas, could be endangered, if people stop buying fairtrade products — that's according to a report by, you guessed it, fairtrade, which sa

sat down, the term of finance ministers and heads of central banks of the g20 member countries ended without issuing a joint statement in bangalore, india . nhk reported that the draft of the final statement of the meeting included two paragraphs about the war between russia and ukraine. was faced with the opposition of china and russia, the 20% free group after one year of the war in ukraine to deal with the economic issues and the consequences of this war to reach an agreement on the global gold, which in the first months of the new year, an upward trend by increasing the interest rate to its lowest level in recent weeks, the gold price website on friday, while the market is preparing for an increase in interest rates by the us central bank in the coming months , reached its lowest level in the last 8 weeks. in the community, the price of an ounce of gold will increase to $1,811 and 20 cents before the market closes, and the american plan also reached $1,812 and 20 cents . the dollar index is at the peak of 77 with the pressure of gold , while the yield of the field is also on the way to the fifth weekly increase. it was due to the ri

the two-day meeting of the finance ministers of the central banks of the g20 member countries ended without issuing a joint statement in bangalore, india . according to the network, the final statement of the meeting included two paragraphs about the war between russia and ukraine, which was opposed by china and russia. 20 % group and after one year from the forest and taking care of the economic issues and the consequences of this war should reach an agreement . thank you for your attention. in addition to the respected villagers of the village council, who are working hard, the villager's credits are really a small amount, it should be the sole responsibility of the villager. there is really no special construction work in the villages. country it can be seen that the housing foundation plays an effective and useful role, therefore, in my opinion, this resource of one thousand billion tomans is a suitable source for supporting rural development that the housing foundation does . they voted for the proposal of my dear cooperation, and this decision of the integration commission should remain according to his own words. he said the tas

ministers of finance and the secretaries of the central banks of the countries the members of the group of 20 ended without issuing a joint statement in bangalore, indiacording to hd network, the draft of the final statement of the meeting included two paragraphs about the war between russia and ukraine, which was opposed by china and russia. ukraine recorded the highest number of corona deaths with 72 deaths in the last day and night due to economic issues and the consequences of this war. this country also had the highest number of infected people with 15,000 new notifications than iran with 53 and 34 deaths. corona deaths are in the next ranks there are 276 people in the world day and night, and the number of infected people is 75 thousand. dear and respected viewers, while saying goodbye to the inviter of the public meeting of the islamic council, beware of taxes and duties . value added taxes for production units and contractors working in the cities are considered and carried out. mines are not considered, but most provinces and cities have these mines, most of the employers and real and legal owners of mines spoke of companies in the privileged

embattled conglomerate shares tank as it had to call off a mass of cher sale, a donna groups market losses now top $100000000000.00. and india central bank is concerned about the impacts for the countries entire economy. gautama danny, just a few days ago, still smiling bravely though no longer the richest man in india. promising lavish investments in the israeli port of haifa, despite the storm breaking over his empire. the acquisition of hype art also comes with that significant amount off.

of aliens or terrestrial activity with these recent takedowns. >> consumer prices in india rose more than expected last month, reinforcing predictions the central bankl keep raising rates. inflation hit 6.52% in january, higher than forecast and topping the reserve bank of india is present target. the central bank raise rates six times since may and meets again in global news, 24 hours a day, april. on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i vonnie quinn. this is bloomberg. -- i am vonnie quinn. this is bloomberg. shery: we are closely watching the nomination of the new bank of japan governor by a prime minister fumio kishida, widely expected to name ueda as his pick. nobody sure what kind of policy path he will pursue. kathleen hays is here and really, investors scrambling to get an idea of what he will do with the out-of-print book selling for almost $300 right now. kathleen: yes, that's true. he has written so little recently and that is why everyone -- excuse me, share a. everyone is saying he's taking over from haruhiko kuroda. this is significant. 10 years of the most sti

meeting of finance ministers and heads of central banks of the group of 20 this week said that the economic consequences of the war will be discussed, but indiaoes not want to consider additional measures against russia . well, meanwhile, the bucharest nine, whose meeting continued today in poland will discuss further support for ukraine this was stated by the president of poland andrzej duda during the opening of the corresponding summit in warsaw with the participation of the president of the united states joseph biden and the secretary general on secrets of stoltenberg quoting the polish leader today we want to think together in the circle of closest allies about our next steps before the b9 summit in bratislava and right there at the one in vilnius, as well as the possibility of providing further support to ukraine, according to duda , this year's summit has of particular importance in the context of the approaching anniversary of the full-scale invasion of russia. well, the executive committee of the international federation of journalists decided to suspend membership in the organization of the union of journalists of russia. of course,

of new shares. the sale went ahead despite the scandal and was fully subscribed by july by january the 31st. now on wednesday, india security regulator launched an investigation of the central bank started assessing how exposed the national banking system was late that day. the f. p a will. the fuel was cold off, and money was then returned to investors up the financial meltdown continues happening. miss ow reports now from new delhi, adonis financial crisis is threatening to become a political one. friday session of parliament was adjourned within 10 minutes as opposition parties continued to raise the issue. the governing bgp is distancing itself from the attorney. controversy for the government has nothing to do with it . there is no connection. the opposition is accusing the bgp of favoring a danny, for lucrative infrastructure contracts. they said the companies founder gotten mcdonny is close friends with prime minister nearing through the. as you know, the government is resisting, they don't want these issues to be discussed. they didn't want china to be discussed in the last session. they don't want unemployment and a price to be discussed, any issue that the government t

secretary of treasury, spoke to central bank governors in india. she highlighted the ways the biden administration has been helping with the efforts in ukraine. >> it is making ukraine's resistance possible by supporting the home front with critical services and helping keep the government running. in the coming months, we expect to provide around $10 billion in additional economic support for ukraine. >> finance leaders are meeting this week for the first major event of the india g20 we have tanbir with us tanbir is having technical issues we hope to get back out to her shortly. joumanna, bringing it back to the conversation about the focus for markets right now. you raise a really important point that it is not a matter of if of weakness in the u.s. economy, but when. if we don't see the recession scenario materialize for 2023, doesn't mean it is off the table. it pushes it down the line into 2024 >> i just think of it, perhaps, more mechanically. it is difficult to envision the situation where inflation gets back down to 2% and the unemployment

banks will be issuing commitment letters for more than $10 billion loan. that will back the j ip led takeover of toshiba. that's according to sources that are familiar with the matter. shery: india centralt to deliver its rate decision later wednesday. why they expect this to be the last hike but do not see any cuts, coming this year. first, moody sees a limited risks in bank exposure to the adani group as hedge funds scoop up its bonds. the latest for the conglomerate, next. this is bloomberg. ♪ introducing the new sleep number climate360 smart bed. only smart bed in the world that actively cools, warms, and effortlessly responds to both of you. our smart sleepers get 28 minutes more restful sleep per night. proven quality sleep. only from sleep number. three nights. esg... -diversification, futures, options... leverage. -excess cash flow. gold. the world is full of financial noise. you are right on track to hit your goals. our easy to use investing app and local advisors can help you stay on track. j.p. morgan wealth management. shery: fed chair powell has spoken in public for the first time since the red hot u.s. jobs report last week. david rubenstein, his latest view on the inflati

day, uh, a meeting was held within the framework of the g20, where india is now chairing a meeting of the heads of ministers, finance and central banks, and as a result of this meeting in in a joint statement there is no condemnation of russia, this is very instructive. it seems to me that it is also an important point that the countries of the world majority will, uh, continue to build with russia more and more close economic and political ties. now we give the word to the program time, and the big game will return to this studio at 22:40, let's say. ekaterina andreeva m electronic intelligence center of ukrainian nationalists in the special operation zone which ukrainian special services used as gunners at military facilities vladimir putin and the governor of the sakhalin region. their planes support agriculture and travel, using what was discussed at a meeting of the head of government with deputy prime ministers. together in the indian ocean the result of russia's large-scale maritime maneuvers of china and the republic of south africa the new power of the earthquake in turkey and syria data on the dead and injured and hundreds

of the first word headlines. david: let's turn our attention back to what is happening in india with the g20 meeting their of the finance and central bank underway in our coanchor haslinda is on the ground for us with a lot of interviews coming up. big interviews. one of which was your conversation with the finance minister of indonesia. what did she have to say? haslinda: it has to do with debt restructuring and relief which remains an overhang for developing nations already reeling from a prices for fuel and food. janet yellen weighed in on the issue saying china needs to work closer with other donor nations. the issue really is will they or won't they? that's a huge issue. i spoke to indonesia's finance minister to get her take on it. >> already discussing about this debt situation. many poor in different country as you said. this is the area in which the creditor, whether this is traditional or a new creditor like china, they register in and start to discussed because this country definitely need a space on their own fiscal in order for them to serve the debt which is the cause of their own survival at this point. this will be very

of public money to india as largest public insurance company that invest in billions of dollars in the donnie conglomerate, the audits political savvy to pay all big financial institutions. and during the central bank tax authorities, regulators and investigating agencies are silent on the matter. they are under pressure from the government and the common people are suffering and losing money. the identical your marriage runs, he infrastructure projects in indiana around the world. these include coal in mines, power plants, and ports, no opposition. parties have long alleged that the company has benefited from the close relationship between the founder, bought them a donnie, and prime minister and that engine movie, demanding, and investigated by a government regulator into allegations. a broad level is by american. from hindenberg research. now, donnie group of companies has denied these allegations, even as valuations of these companies have nearly hobbs since these allegations emerge nearly 2 weeks ago. a former british police officer is set to be sentenced this week for a series of offences including rape that he committed across 2 decades with london metropolitan police. hundreds of officers n

of power. we look at the next week when the g20 finance ministers in central banks will be meeting in india.alking about debt relief for

india will add that by the end of january, russian reserves. they rose to almost 600 billion, and the world's central banks began buying up gold at a record pace since 1967 . a and c the system intends to buy the volkswagen plant in kaluga plans to resume cars with the participation of the kazakh automaker alyur, from the ecosystem, according to media reports, plans to create a machine-building holding, while companies from china and the middle east show interest in the deal reno nissan agreed to reorganize the alliance renault will reduce its share in the japanese concern by almost three times forty-three to 15 %, but will retain the right to dividends and sales proceeds, according to the nissan press service, the rest of renault shares will be transferred to the french trust, which will not be able to influence decision-making the japanese company will invest in the green business, renault, and buy about 15% of the shares, manufacturers of electric cars and software for them. the dollar is living its last years, said economist nouriel rubine, who predicted the 2008 crisis in his article for the finantion

francine: the imf managing director and other central bank heads speaking on the fight against inflation from g20 in india last week. joining us is the head ofmea capital markets at ubs. there is a number of things we need to look at when you look at the strength of equities in europe. year-to-date, they are 10% higher, what is the main driver? gareth: the fundamental driver is positioning. we came into this year with concerns on the investor side. we were underweight and the market as a whole had only took marginal gains. on the reopening story. and we have seen sales squeezed higher which is investors forced to bite into price action but lacking conviction. francine: what we need for them to have more conviction? we are looking at interest rates and the path forward for the fed. gareth: if you look backwards, central bank todaye saw. the question for investors is where is the terminal rate in the u.s.? that allows them to price equities. francine: with all of the leverage in markets and balance sheets, i am surprised that companies are fine with reporting earnings. gareth: there is a benefit with inflation with earnings being in nominal te

what is the rarest instance where some of the central banks have delivered what is intact for their banks. it will see the statement coming from the state bank of india- there were several brokerage reports looking at red flags for lenders. that part has cooled off now, but what we will really have to watch and account for as the stock market reacting, which could create some panic among lenders. rishaad: thank you for joining us. he our son jay in move by. -- pr sanjai in mumbai. the cash market got underway six minutes ago. we will be looking at all of that and more. this is bloomberg. ♪ haslinda: eight minutes into the trading day in india and we are seeing the adani group shares are under a lot of pressure. adani enterprises down 1.2%. adani power slumping about 5%, but adani ports and special economic zone having a reprieve. it is higher by 2.5%. this is the third week of the adani saga and their concerns about contagion. indian policymakers and indian government officials are coming in to allay concerns surrounding the adani group. for now, a quick check of the latest business flash headlines. prosecutors are investigating a data leak involving

we get a sense of whether global central banks are making progress in their fight to curb inflation it did a duet from indiathe u.s., and the u.k. indian households see inflation moderating, data from december showing price growth slowing suggesting inflation has speak. on thursday the philippine central bank is expected to hike rates again. we will be getting a rate decision out of the bank of indonesia. job numbers out of south korea, gdp figures out of singapore, japan, and thailand. the japanese government is nominating udea to succeed the outgoing governor. we will be expecting a formal nomination to be submitted on tuesday. that is your week ahead. shery: our next guest says we need to buckle up as 2023 could see the largest economic chips ever. walser wealth management president joins us now from tampa florida. good to have you with us. would one of these economic chips to be the federal reserve cutting rates at some point, and how do you position if they do not? >> when i looked at the analysis last year we saw that the fed funds target had to be between the 5 to 7 range. that is a big bill to swall

dani: the reserve bank of india is holding a press conference, we are looking at live pictures now. the centralked rates 25 basis points to 6.5%. if you want to watch this, it is on your terminal. we also have an excellent blog running. at the moment they are taking questions. there was a question on adani, how do you like this as an answer? he said, we have issued a press release last friday, they have nothing more to add. brief and si -- and succinct. manus: they will not get dragged into that. hedge funds are skipping up distressed debt, specifically related to gautam adani's business empire. it comes as the conglomerate seeks to shore up confidence in the wake of a scathing short seller report which adani is robustly pushing back against. paul dobson is with us now, they released a press release saying they didn't have much to say, did they just want to stay out of the fray? >> what the r.b.i.'s wants to convey is two things, one it has no problems or concerns about the banking sector's exposure. we have heard similar from ratings companies as well talking about that. it's not so pronounced

india do not succumb to blackmail. just the other day, uh, there was a meeting of the g20, where they are now chairing, india's meeting of the heads of ministers, finance and central banks

bank of korea to hold its key rate thursday, ending in 18 month tightening cycle. the g20 finance ministers and central bank governors beginning a three-day meeting with india later in week and friday marking one year since russia's invasion of ukraine. haidi: our next guest sees outperformance when it comes to australian stocks in 2023. shane oliver, as the head of investment strategy and chief economist at amp. we were talking about the resumption of business travel to china and that is at the heart of your bullish case first ray liotta. so much of the low hanging fruit has already been picked though. do you still feel that enthusiastic given we've seen the domestic chinese rally take a breather? >> that's a good question. the australian shared market got up to levels i thought it would not get to until the end of the year and likewise with global markets, that has left them some wonderful normal. i have a positive view for the year as a whole but we did get a bit ahead of ourselves. that means we are probably in for a bit of volatility as some of the gains settled down. broadly speaking, the big picture view is still intact that china will see a decent reopening

are switching to india china and other asian markets much faster than experts expected last year fell over 15 percent. already this year , an increase of 2.5% is expected. the central bankhat in the current conditions, the price of oil, brand juris, does not fully reflect the dynamics of the average export prices of russian oil and oil products, in other words , new rules of the game are being formed on the market right now. we need to wait a bit for more objective statistics. successfully, by reorienting its oil exports, russia is helping a number of countries to fight global inflation on the growth of hydrocarbon supplies from our country, foreign news and analytical agencies noticed that they will tell russian oil exports increased sharply last week, and its supplies to china reached the highest level bloomberg has been reporting this since last february. the agency also draws attention to the fact that the increase in oil flows from russia is noted in all relevant directions, especially the jump was noticed ahead of moscow's announced production cut of 500,000 bpd in march as of last friday, according to western sources. russia exported 3,600,000 barrels per day by

interest rates, across the board, most central banks in emr towards the end of the interest rate cycles, whether that is korea or even indiahere is room for local currencies to do better this year, which is another factor that would support e.m. equities. haidi: desk china and the yuan remain the main anchor when it comes to the e.m. complex or does the play an outsized role in this environment? pooja: the fed plays an outsized role, but that has shifted to china. china is a big part of e.m. standalone, but given how much it drives e.m. economies in terms of trade, fundamentals and earnings. a lot of the covid reopening with china, we have seen the entire north asia complex rebound -- korea, taiwan, and interestingly enough, even economies like south africa that are tightly connected to china, have done well. i would say china has become the primary driver of this rebound, and going ahead also, they will play a key role when fundamental start coming in. that will drive the next leg up when it comes to emerging markets. haidi: when you look at the korean market the kospi being the top performer in asia so far this year, why

central bank has put that on pause. you saw hundreds of multinational countries leave. it is still a commodity superstore and they are still selling oil and gas. it is going to india and china. but the u.s. is doing is trying to close those gaps. one of the big things is going against medals and aluminum. this means we will have a more bifurcated trade environment. the map will change. the same way you have more crude going to delhi, you will have more aluminum -- guy: does that mean it is working? annmarie: some sanctions are working. what will happen when they have to have new technology and they cannot get access or they need new parts for their planes? china will have to start doing that. because they are still able to sell a lot of these products, especially commodities, they are still able to fund this war. it is biding but to your point but it was not as rapid as many were expecting. guy: thank you very much for stopping by to see us. annmarie hordern. coming up, the global impacts of the war in ukraine. themis themistocleous of ubs wealth management will be joining us. my greek pronunciation is usually really good. this is the conversation coming up next.

of russian goods. big companies suspended operations inside russia. at the same time, other countries like china, india and turkey ramped up trade with russia and russia's central bankhere to help us understand the full impact on putin's war chest is the economist larry summers, former president of harvard. he served as treasury secretary under bill clinton and under barack obama. larry, welcome. explain to us first, is economics really central to understanding where we are in the struggle with russia? >> i think it is, fareed. war starts and wars of maneuver and that's what putin hoped it would be and he would win quickly, but they evolved to be wars of attrition, and when it's wars of attrition the economic strength on the two sides, the capacity to mobilize and to produce weaponry and to bring troops to the front become central and that's the concern right now that this has evolved towards a war of attrition and that's going to make what happens to the russian economy and of even greater importance what happens to the ukrainian economy central to how this plays out. >> when you look at the bottom line figure and even though there have been sanctions and the centr

of new shares. the sale went ahead despite the scandal and was fully subscribed by january. the 31st india securities regulator, launched an investigation, and the central bank started assessing how exposed the national banking system was on february. the 1st, the feel was cold off when the money was returned to investors, but the financial meltdown continues. poverty metal as more from new delhi, the composition parties are united in their demand. they want the government to tackle this head on. they demanding a judicial inquiry and a debate in parliament. and the concerns are largely to ford. on one hand is all this money that has been lost by investors billions of dollars on the other. you know, a donnie companies are not just regular companies. they're critical companies to just a nation building, you know, they're building boards, the operating coin, mine's their supply electricity, a danny's also media investor in technology and renewable energy. so in, in that way it is thought of future building as was, and a lot of the criticism that has come to the dani group is that the founder of that company got them a donnie was, wants the 2nd richest bus and o

bank of india to spotlight the risks to millions of small investors. adani has often aligned's business plans with the prime minister's growth strategy. the south china morning post says central world will attend meetings in hong kong next month. the government says conferences will be hosted by the hong kong monetary authority. dates are not confirmed. the paper says it is the first major financial conference for hong kong since its post-covid reopening. global news powered by more than 2700 journalists and analysts in more than 120 countries. i am vonnie quinn. this is bloomberg. shery: south korean e-commerce pioneer coupang has invested $260 million in its newest operations center. it is really on an army of robots it fulfillment sensors. stephen engle took an exclusive look. stephen: coupang is often compared to amazon. it has an outside share of its e-commerce market, a similar business model and a host of highly automated fulfillment centers like this one, it's newest and largest floor space spread out over 12 stories. think nearly 50 football stadiums stacked on top of each other and side-by-side. but it's size is not it's only signature. it stands efforts ai driven a

central bank is going to be resuming policy tightening. five members of that board are looking at that level to catch up with the sidelines of the g20 meeting in indiathe terminal rate in korea at this moment, we are mentioning our view only on a three-month period rolling basis, so when you talk about the terminal rate, you are thinking in the next three months what the terminal rate will be. one out of six of my committee members excluding me, one is saying it is better to stay at three point five at this moment, and the other five want to have the option to increase 3.75 in the next few months. there is no change after the three months, but that is the consensus around the committee members. >> president yoon has asks the commercial banks to cut their rates to make it easier for consumers. this seems to be in contrast with what you are trying to do, which is reigning inflation. is there a contradiction there? >> i got this question several times, but you can interpret this in two ways. one is the issue of whether korea's banking sector, dominated by the five major banks, is too illegal public -- oligopolic. the other issue is now the interest rat

india's central bank has raised rates six times since may and they have to wait again until able to decide on borrowing costs. firms have already paid more than $50 million worth ofr delegate this month. a spokesperson for the company said all payments are being made on schedule as the group tries to rescue its chairs and bonds battered by the fraud acquisition paid by hindenburg break search. global news, 24 hours a day on air and on quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. quick still had, this hour, india tells us more about the country possible drastic increase in health care needs. our exclusive interview later this hour. >> the japanese government confirming his pay for the next central bank chief. we will get you the market reaction. the outlook and the job that faces him. this is bloomberg. ♪ >> we only have 8% of the ocean protected today. 30% of the ocean protected by 2030. we know that if we protect the right 30%, not only will we prevent the extension -- extinction of many species but we will produce more fish. there will be this protected area. we will produce a spill that will be part of the cash. we