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 ›
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Japan Australia sign Reciprocal Access Agreement for economic and defense cooperation
Following the cancellation of a trip to the United States and Australia due to rising COVID-19 cases, Japan and Australia are set to sign a treaty to beef up defence and security cooperation at a virtual summit on Thursday. Japanese… Read More ›
Samsung’s vice chair Jay Y. Lee visits US as it weighs where to build $17 billion US chip plant
Jay Y. Lee, the vice chairman of Samsung Electronics is visiting North America following an imminent decision by the company to build a $17 billion US plant in the U.S. Lee is scheduled to visit the Unites States and Canada. Earlier… Read More ›
Amsterdam’s Schiphol Airport gears up chilled warehouses for COVID19 vaccine storage, transportation
In a significant development, Amsterdam’s Schiphol Airport stated, its workers are gearing up for a surge in the storing of COVID-19 vaccine cargos, which will be flown around the world at ultra-low temperatures. To that end, it has prepared its… Read More ›
EU finance ministers reject easing out liquidity rules for trading in bullion in Basel III
Basel III regulations are slated to come into force in 2022. While he London Bullion Market Association (LBMA) wants the net stable funding ratio (NSFR) to be at the 50% mark, EU finance ministers want it secured at 85%, to… Read More ›
Crude oil prices likely to be more stable in 2019: Russian Energy Minister Alexander Novak
Russian Energy Minister Alexander Novak’s comments come in the wake of crude oil prices falling by more than a third this quarter. With the price of crude falling by more than a third this quarter, Russia’s Energy Minister Alexander Novak… Read More ›
China’s central bank injects $31 billion to ease domestic liquidity as trade war looms in the horizon
The unexpected move was explained to be part of a package of measures to counteract a potential fallout from the trade conflict. On Tuesday, China’s central bank, the People’s Bank of China (PBOC), lent $31 billion (200 billion) to financial… Read More ›
Bitcoins have registered a growth of 125% in 2016
Traded heavily in China, the cryptocurrency is used to go around capital control norms placed by China’s ruling bosses. In a significant development, bitcoin has jumped above $1,000 for the first time in 3 years. It has outperformed all currencies… Read More ›
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