[ad_1] The Chinese city of Zhengzhou, which is the manufacturing hub of Apple Inc.’s AAPL iPhones, has reportedly locked down one of its most-populated districts to control a virus flare-up.…
[ad_1] Economic advisers in the Biden administration have reportedly stated the U.S. Federal Reserve’s interest-rate hikes to rein in inflation is beginning to work, while President Joe Biden is doing everything possible to support the central bank.…
[ad_1] Chinese President Xi Jinping, in his Sunday speech that laid out the Communist Party’s agenda for the country over the next five years, has struck an optimistic note on technological development,…
[ad_1] Hong Kong shares opened in the red on Monday as recession worries continued to plague stock markets across the world with major indices in the U.S. falling over 1%…
[ad_1] Hong Kong stocks opened in the green on Friday after major Wall Street indices closed over 2% overnight despite high consumer inflation data for September. China’s subdued inflation for…
[ad_1] Apple Inc. AAPL-supplier Taiwan Semiconductor Mfg. Co. Ltd. TSM shares jumped over 5% in the Taiwan trading session after the company posted an 80% surge in its third-quarter net…
[ad_1] Treasury Secretary Janet Yellen reportedly said the U.S. has “more work to do” to rein in the worst surge in inflation since the 1980s after consumer prices rose 8.2% in September compared to…
[ad_1] Saudi Arabia has hinted that the Biden Administration had suggested delaying the decision by the Organization of the Petroleum Exporting Countries and its allies (OPEC+) to reduce its production output by a month, which it…
[ad_1] Billionaire investor Ray Dalio, the founder of the world’s largest hedge fund Bridgewater Associates, believes there is a clear difference between fairness and generosity that people should be able to discern. Citing…
[ad_1] Hong Kong stocks opened in the red on Thursday as investors shifted focus to U.S. inflation data due later in the day. The benchmark Hang Seng opened 1.11% down and was…
[ad_1] U.S. Treasury Secretary Janet Yellen, at an event hosted by the Bretton Woods Committee on Wednesday, reportedly said the United States was working to boost its supply chains and guard against “geopolitical coercion”…
[ad_1] President Joe Biden has reportedly said there would be “consequences” for Saudi Arabia for collaborating with Russia to trim oil production, an indication that cracks have appeared in the relationship between the…
[ad_1] Hong Kong markets opened in the red on Wednesday, with the benchmark Hang Seng losing nearly 1.9%, as investors await U.S. inflation data for September due later this week. The Hang…
[ad_1] Billionaire investor Ray Dalio has warned of a “perfect storm” that will spread economic pain as the U.S. Federal Reserve hikes interest rates and said government stimulus programs during the COVID-19 pandemic had created…
[ad_1] Treasury Secretary Janet Yellen has said the U.S. economy is “doing very well,” even as surging energy prices, COVID-19 variants and Ukraine war have taken their toll on global markets. Yellen…
[ad_1] Contemporary Amperex Technology Co Ltd (CATL), a battery supplier to Tesla Inc TSLA and Nio Inc NIO, has estimated its net profit during the July-September quarter to nearly triple…
[ad_1] Hong Kong stocks opened in the red on Tuesday after the Nasdaq index closed at its lowest level since July 2020 and a semi-conductor stock rout spread across Asian…
[ad_1] Former U.S. Federal Reserve Chair Ben Bernanke, along with Douglas W. Diamond and Philip H. Dybvig, has been awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel — popularly known as the Nobel Prize for economics — for…
[ad_1] Chip-related stocks, including Apple Inc AAPL-supplier Taiwan Semiconductor Mfg. Co. Ltd. TSM and Samsung Electronics Co Ltd SSNLF, tanked on Tuesday morning as traders and investors returning from holiday…
[ad_1] Cathie Wood-led ARK Investment Management bought over 23,000 shares of software maker Adobe Inc ADBE through the ARK Next Generation Internet ETF ARKW, estimated to be valued at over $6.7…
[ad_1] China has reportedly utilized a controversial tool to inject funds into policy banks for the first time in over two years, as Beijing increasingly turns to semi-official lenders to…
[ad_1] Allianz chief economic adviser and noted economist Mohamed El-Erian has criticized the U.S. Federal Reserve, saying the central bank made “two big mistakes that may go down in the history books.” What Happened:…
[ad_1] The first commercial Boeing Co BA 737 MAX flight seemed to have resumed flying into China for the first time in almost four years, reported Bloomberg. A MIAT Mongolian…
[ad_1] Hong Kong stocks opened in the red on Monday after major Wall Street indices closed over 2% lower on Friday, following upbeat jobs data that could potentially pave the path…
[ad_1] U.S. Treasury secretary Janet Yellen has criticized the supply cut decision made by the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, calling it “unhelpful and unwise” for the global…