On Tuesday, Foxconn, the world’s largest contract chipmaker, said it expects the second half of this year to be “in a better direction” since COVD-19 lockdown appears to be easing in Shanghai. “We are quite confident in the stability of… Read More ›
demand
Saudi Arabia could cut June crude prices for Asia, as it competes for marketshare with Russia
On Friday, oil traders opined, Saudi Arabia is likely to cut crude oil prices to Asia in June following a slump in demand from China, which is seeing increasing COVID lockdowns which are curbing demand. China is the world’s biggest… Read More ›
Europe, Canada close airspace to Russian jets, US has yet to decide
Canada and European nations moved to close their airspaces to Russian aircraft, in an unprecedented step aimed at applying pressuring on Russian President Vladimir Putin to end the invasion of Ukraine. Following the move, in a statement Russian airlines Aeroflot… Read More ›
Lithium carbonate prices to rise by 80% in Q3: Australian lithium miner Allkem Ltd
On Tuesday, Australian lithium miner Allkem Ltd said, lithium carbonate prices for the third quarter of 2022 are expected to jump by 80% from the first half on the back of booming demand for the metal which is used in electric… Read More ›
TSMC’s quarterly net profits touch record high of 6.01 billion
Taiwanese chip giant TSMC posted a 16.4% rise in quarterly profit on the back of heightened global demand for semiconductors with the Coronavirus induced COVID-19 pandemic driving up demand for chips creating a supply crunch. Although the global chip crunch… Read More ›
Sales to dealers surged by 82% in 2021: Aston Martin
In a statement Aston Martin said, in 2021 sales to dealers have surged by 82%; despite this the British luxury automaker has forecast lower-than-expected annual adjusted core earnings due to fewer-than-planned shipments of its Valkyrie sports cars during the fourth quarter…. Read More ›
Global chip shortage should end by 2022: BMW CEO
In an interview to German daily Muenchner Merkur, BMW’s CEO Oliver Zipse said, the carmaker plans on creating up to 6,000 new jobs in 2022 as it prepares to meet heightened demand for its electric vehicles. “BMW is on a… Read More ›
LG Energy Solution’s IPO to be third biggest in South Korea
According to two sources familiar with the matter at hand, LG Energy Solution (LGES) is likely to place its IPO at the top of its indicative range at around $11 billion. Institutional investors are betting heavily on booming demand for… Read More ›
China’s property market will continue to decline in 2022: S&P
Already under pressure, China’s property market is faced increased headwinds in November following cash crunch among developers and faltering demand. Prices for new homes fell by 0.3% month-on-month in November marking the biggest decline since February 2015. In October, home… Read More ›
Honda Aircraft Co rolls out plans for fuel efficient business jet
In a significant development, Honda Aircraft Co has rolled out plans for a new light business jet that can fly non-stop across the United States. The development comes at a time when there is skyrocketing demand for private travel. Honda… Read More ›
manageria.biz 