Daily BriefsMacro

Macro: CX Daily: Could Pfizer’s Drug Paxlovid Change China’s Covid Policy? and more

In today’s briefing:

  • CX Daily: Could Pfizer’s Drug Paxlovid Change China’s Covid Policy?
  • Risks to Russian Bonds from Escalating Sanctions
  • CX Daily: Oil Prices Surge Amid Russian Assault on Ukraine

CX Daily: Could Pfizer’s Drug Paxlovid Change China’s Covid Policy?

By Caixin Global

  • In Depth: Could Pfizer’s drug Paxlovid change China’s Covid policy?

  • Shackled mother was sold into forced marriages at least three times, probe finds

  • China loosens new mobile payment rules to put small businesses at ease


Risks to Russian Bonds from Escalating Sanctions

By Gautam Jain, PhD, CFA

  • Following the invasion of Ukraine by Russia, it is only a matter of time before the US and other western allies impose a new set of economic sanctions on Russia
  • A directive from the US Treasury this week expanded the restrictions on Russian bonds as it prohibits participating in the secondary market of new bonds, thereby cutting financing for Russia. 
  • With new sanctions on the way, the risks to Russian bonds have increased. I list the possible risks for holders of Russian bonds under different scenarios.

CX Daily: Oil Prices Surge Amid Russian Assault on Ukraine

By Caixin Global

  • Oil prices surge amid Russian assault on Ukraine

  • China’s annual rural policy road map urges better protection for women and children

  • Exclusive: China’s banks told to stop taking liberties with ‘agreement deposits’


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