Russia has been excluded from the international SWIFT system, while Visa and Mastercard are among western companies that suspended operations in the country.

A member survey showed 92% of respondents saying they had been impacted by recent port closures, decreased road freight and rising sea freight costs

China markets seen as unlikely to attract new inflows till economy stabilises, as trade tensions, regulatory crackdowns and Covid lockdowns have hurt confidence and earnings

Some US companies see a massive decline in revenues this quarter while others see output slashed by half

Hong Hao was among the most outspoken China market analysts, and worked in a high-profile post with the securities unit of state-owned Bank of Communications

Volvo said production was down at the end of the first quarter due to a shortage of a specific semiconductor and warned that the supply problem would persist

Additional shipping delays, port congestions and logistics under-capacity are expected while transport hub Shanghai remains in lockdown, the Danish company said.

The company's forecasts came as widespread supply chain disruptions and plunging consumer purchasing affected the world’s second-biggest economy

Blinken will make his presentation at George Washington University in the US capital, at an event hosted by the Asia Society think tank, the Department of State said

Beijing's acquiescence - or possible fear of secondary sanctions - is a welcome development in the tense Washington-Beijing relationship, an official said

South Korea's inflation rate jumped by 4.8% in April, raising expectation of further interest rate rises by the country's central bank

Tech firms admit having problems meeting demand amid supply shortages and transport problems on the mainland