A look at the day ahead in markets from Amanda Cooper, Europe breaking news editor. This week promises to be one of the most action-packed in a while. Three of the world’s most influential central banks are likely to raise rates to their highest since the financial crisis, while Q4 earnings season is starting to …
BEIJING, Jan 29 (Reuters) – China’s central bank said on Sunday it will roll over three lending tools to increase support for targeted sectors of the economy. The People’s Bank of China will roll over a lending tool for supporting carbon emission reduction to the end of 2024, and extend a relending tool for promoting …
China central bank to roll over lending tools to spur growth Read More »
https://tmsnrt.rs/2zpUAr4 Fed seen hiking 25bp this week, ECB and BOE by 50bp Tech giants lead host of earnings results China shares up as holiday travel surges SYDNEY, Jan 30 (Reuters) – Asian shares turned cagey on Monday ahead of a week that is certain to see interest rates rise in Europe and the United States, …
Asia shares turn cagey as rate hikes, earnings loom Read More »
Jan 30 (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. It looks like a quiet start to the week in Asia on Monday, but don’t be fooled – it may be the calm before the storm. A raft of regional economic indicators including Japanese unemployment and PMIs from China, …
The decision comes amid stalled negotiations with global lender IMF which is yet to release a crucial installment of $1.1bn. Pakistan has hiked up petrol and diesel prices after the country’s currency value plummeted this week and just days before an International Monetary Fund (IMF) visit to the country to discuss the stalled ninth review …
Amid economic turmoil, Pakistan hikes up fuel prices Business and Economy News Read More »
SHANGHAI, Jan 29 (Reuters) – China’s smartphone sales fell 13% year-on-year in 2022, the largest plunge for the sector in a decade as consumers spent cautiously, market research firm IDC said on Sunday. The total number of devices shipped was 286 million, down from 329 million in 2022. That meant total 2022 sales volume was …
China’s 2022 smartphone shipments the lowest in 10 years – research firm Read More »
TOKYO, Jan 27 (Reuters) – Japan and the Netherlands will soon agree to join the United States in restricting exports of semiconductor manufacturing equipment to China, Bloomberg News reported. Talks between the countries will conclude as early as Friday, with the Netherlands restricting ASML Holding NV (ASML.AS) from selling machines to China used to make …
Sees limited impact on battery prices from drop in EV prices Sees demand for US-made batteries continuing to grow In talks with Tesla, other EVs to supply batteries from proposed Arizona plant SEOUL, Jan 27 (Reuters) – Battery maker LG Energy Solution (LGES) (373220.KS) said on Friday demand for electric vehicle (EV) batteries in North …
EV battery giant LG Energy Solution upbeat on N.America market outlook Read More »
LONDON, Jan 26 (Reuters) – Stocks firmed on Thursday as investors bet that central banks meeting next week will signal a slowdown or even a pause in interest rate hikes for later in the year to make recession less likely and ease pressure on corporate earnings. Oil prices were steady after US crude stocks rose …
Hopes of slowdown in rate hikes bolster shares ahead of US GDP Read More »
text size ASML’s lithography machines are key equipment to produce the most advanced semiconductors. Emmanuel Dunand/AFP via Getty Images ASML Holding, a critical supplier to the global chip-making industry, said Wednesday that it expects to report more than 25% sales growth this year despite uncertainty in the semiconductor industry amid efforts by the US to …
ASML Sees Chip Market Rebound, Says China Controls Aren’t Hurting Business Read More »
