The global shortage of semiconductor chips has hugely impacted the world’s economy and there are raising concerns that the crisis will not have been ending up in 2022, Alpho reports.
Known for its cutting-edge technology & quality, TSMC as the market leader is set to hike chip prices by up to 20% according to Wall Street Journal. This price surge would in turn go to the end customer of major technology outlets, such as that of Apple and Samsung. According…
Aug 12 2021, 3:44 AMAug 13 2021, 2:06 AMAugust 12 2021, 3:44 AMAugust 13 2021, 2:06 AM
(Bloomberg) — U.S. stocks set another record high even as the S&P 500 Index settles into the narrowest trading range since before the Covid pandemic roiled global financial markets. The dollar strengthened and Treasury yields were mostly higher.
(Bloomberg) — U.S. stocks set another record high even as the S&P 500 Index settles into the narrowest trading range since before the Covid pandemic…
TOKYO, July 27 (Reuters) – The International Monetary Fund on Tuesday cut this year’s economic growth forecast for emerging Asia, as a spike in coronavirus cases from new variants and slow vaccinations cloud the region’s recovery prospects.
The downgrade, which contrasted with an upward revision in the IMF’s forecast for advanced nations, highlights the divergence emerging across countries on the pace of recovery from pandemic-induced strains.
In an update to its World Economic Outlook (WEO), the IMF forecast emerging Asia…
Defense Secretary Lloyd Austin sought to reassure the Asia-Pacific that the U.S. was committed to engagement in the region, while vowing to challenge what he called China’s aggression.
“We will not flinch when our interests are threatened,” Austin said in a
speech Tuesday in Singapore. “Yet we do not seek confrontation.”…
The island nation — home to about 270 million people — is now reporting more cases a day than hard-hit India, making Indonesia the new epicenter for the pandemic in Asia. If the spread continues unabated, experts say it could push Indonesia’s health care system to the brink of disaster.
Some fear the situation may be worse than the numbers show, because not enough people are getting tested for the virus. A survey published Saturday found that nearly half of…
(Bloomberg) — U.S. equity futures and Asian stocks slid Friday as traders weighed signs of a slowdown ahead for megacap technology companies and risks from China’s regulatory crackdown. Treasuries and the dollar rose.
Stocks fell in Hong Kong and China as well as Japan. Nasdaq 100 contracts shed more than 1% as Amazon.com Inc. tumbled in extended trading on indications its rapid growth through the pandemic is waning. Asia-Pacific stocks had jumped Thursday after Beijing tried to allay fears over…
