Asia-Pacific stocks mostly lower, Tokyo inflation at highest in 40 years; U.S. markets closed

G-7 proposed price cap may have no effect on Russia, says Wood Mackenzie Group of Seven (G7) Nations proposed price cap for Russian oil between $65 and $70 a barrel may not be a significant deterrent to Moscow, according to Wood Mackenzie. The planned cap shouldn’t hurt Russia’s oil revenue, as the oil prices that …

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