Global smartphone sales won’t pick up until the year-end holiday season of 2023, battery supplier TDK Corp. warned, offering the most cautious outlook yet on the lackluster market hit by inflationary and geopolitical pressures.
The Bank of Japan’s shock decision to tweak its yield-curve control ceiling has boosted policy-normalization bets, fueled expectations for higher and more volatile yields and may also damp demand for US Treasuries.
China removed a single fatality from its total Covid-19 death toll, a day after Beijing said it adopted a much narrower definition for mortalities, amid concerns the government is trying to downplay the severity of the impact from its abrupt pandemic pivot.
China imported record quantities of Russian liquefied natural gas last month, while sales of crude oil and coal also surged as other buyers shunned Russian energy products as punishment for its invasion of Ukraine.
Indonesia will announce another commodity export ban later on Wednesday, President Joko Widodo said in Jakarta.
Philippine Stock Exchange President Ramon Monzon said there were no fraudulent activities in the trading of PLDT Inc. shares before the company disclosed its 48-billion peso ($870 million) cost overrun. Shares of the Philippines’ largest phone company by revenue jumped as much as 5% Wednesday after a record plunge earlier this week.
President Volodymyr Zelenskiy will leave Ukraine for the first time since Russia’s invasion to meet US President Joe Biden at the White House and address Congress in person, making a direct appeal for support from his country’s most important ally.
China’s broad budget deficit hit a record so far this year, showing how damaging the now abandoned Covid Zero policy and the ongoing housing slump have been to the economy and to the government’s finances.
Economic activity continued to fall in December for China’s small firms, with the business outlook weakening further as Covid cases surge amid reopening, according to Standard Chartered Plc.
A House committee voted to release Donald Trump’s tax information to the public, capping a three-year legal saga initiated by Democrats to obtain and release the former president’s closely held financial documents.
