Recent Posts - page 170

• US’s Crackdown On China’s Chip Industry Will Not Affect Samsung Or SK Hynix

  By admin2 on October 8, 2022 • ( 0 )

  

  The Biden administration intends to exempt SK Hynix and Samsung from the brunt of new Chinese memory chipmaker restrictions intended to thwart Beijing’s technological ambitions and obstruct its military advancements, according to reports quoting sources. According to the sources, requests… Read More ›

• Caixin PMI Shows A Decline In China’s Services Activity For The First Time Since May

  By admin2 on October 8, 2022 • ( 0 )

  

  According to a private-sector business survey released on Saturday, China’s services activity shrank in September for the first time in four months as COVID-19 restrictions weakened the country’s already brittle demand and lowered investor confidence. The COVID containment measures disrupted… Read More ›

• Apple Is Being Forced To Change Chargers In Europe As The EU Approves A Redesign

  By admin2 on October 6, 2022 • ( 0 )

  

  To comply with new rules requiring a single charging port for most electronic devices, Apple will have to change the charger for its iPhones in the European Union beginning in autumn 2024. The reform, which was passed by an overwhelming… Read More ›

• Banks Redirect Gold Supply From India To China And Turkey

  By admin2 on October 6, 2022 • ( 0 )

  

  According to a report published by the news agency Reuters and based on information from three bank officials and two vault operators, gold-supplying banks have reduced shipments to India ahead of major festivals in favor of focusing on China, Turkey, and… Read More ›

• Nike Stocks Falls After Issuing A Warning About The Impact Of Higher Discounts And A Stronger Dollar

  By admin2 on September 30, 2022 • ( 0 )

  

  Nike Inc cautioned that gross margins would remain under pressure throughout the year, joining peers in warning of a blow from increased discounts and a rapidly strengthening dollar. The company’s shares, which were already among the worst-performing Dow components this… Read More ›

• Volkswagen Is In A Good Situation To Finance Its Electrification And Maintain Its Outlook – CFO

  By admin2 on September 30, 2022 • ( 0 )

  

  Volkswagen is current in a great position to finance its electrification strategy, according to its finance chief, after reaping around 9.6 billion euros ($9.30 billion) from Porsche’s IPO and considering listing its battery unit. Arno Antlitz, a Reuters reporter, said the carmaker… Read More ›

• Smaller Chinese Lenders Slash Deposit Rates To Relieve Margin Pressure

  By admin2 on September 29, 2022 • ( 0 )

  

  Following their larger counterparts, a number of small and mid-sized Chinese banks are lowering deposit interest rates in the first widespread move since 2015 to relieve margin pressure brought on by a series of lending rate cuts. The slashing of… Read More ›

• LME Is Considering Prohibiting Russian Metal Trading – Reports 

  By admin2 on September 29, 2022 • ( 0 )

  

  The London Metal Exchange (LME) is preparing to start debating prohibiting new deliveries of Russian metals such as aluminum, nickel, and copper so that its warehouses could be used to offload difficult-to-sell stock, according to reports quoting sources with knowledge of… Read More ›

• Concern Raised By IMF Over UK Tax Cut Proposals

  By admin2 on September 28, 2022 • ( 0 )

  

  The UK government’s proposal for tax cuts has drawn direct criticism from the International Monetary Fund, which also issued a warning that the measures could exacerbate the cost-of-living crisis. The IMF said in a statement that was unusually blunt that… Read More ›

• $9 Trillion Of Wealth Of American Households Washed Away Stock Market Losses

  By admin2 on September 28, 2022 • ( 0 )

  

  Over $9 trillion in wealth from American households have been simply wiped off by dropping stock prices which has piled on additional pressure on balance sheets and expenditure of families.    According to Federal Reserve data, American holdings of corporate stocks… Read More ›

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