Since China supplies a sizable portion of the South Korean chip industry’s production capacity, the U.S.-China chip war may have an effect on these companies, but Fitch Ratings predicts no long-term difficulties. According to the June 7 article, Samsung Electronics… Read More ›
The much anticipated trade statistics from China for May failed to arouse markets that have grown accustomed to the slowing growth of the world’s second-largest economy, but it did inspire fresh speculation about policy stimulus measures from Beijing. For the… Read More ›
Oil sank for a second day on Wednesday as worries about the state of the world economy grew, wiping out price gains made when Saudi Arabia, the world’s largest supplier of crude, made a surprise commitment to further decrease output… Read More ›
May saw the lowest level in the past two years for the world price index reported by the UN food agency, as declines in the cost of dairy, cereals, and vegetable oils outpaced rises in the price of sugar and… Read More ›
Reporters, Bloomberg, and sources with knowledge of the situation claimed on Friday that OPEC had refused media access to reporters from Reuters, Bloomberg, and the Wall Street Journal to cover oil policy meetings in Vienna this weekend. The three media… Read More ›
According to official figures released on Thursday, Brazil’s $11.4 billion trade surplus in May set a record for any single month since the data series’ inception in 1989. The amount above the $9 billion surplus predicted by economists in a… Read More ›
The $31.4 trillion debt ceiling will be suspended until Jan. 1, 2025 thanks to a budget deal that U.S. President Joe Biden reached with House Speaker Kevin McCarthy on Sunday. Biden declared the accord to be ready for a vote… Read More ›
According to U.S. Commerce Secretary Gina Raimondo, the United States “won’t tolerate” China’s effective ban on purchases of Micron Technology memory chips and is working closely with allies to confront such “economic coercion.” In the Indo-Pacific Economic Framework negotiations, which… Read More ›
The deadline for lifting the federal debt ceiling was established by U.S. Treasury Secretary Janet Yellen on Friday. She stated that if Congress does not raise the $31.4 trillion debt cap by June 5, the nation will default. Yellen previously… Read More ›
Official figures that demonstrated modest damage from the spike in inflation showed that British consumers increased the pace of their spending last month and that sales volumes during the three months to April increased by the most since mid-2021. The… Read More ›
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