By Josh Horwitz SHANGHAI (Reuters) – China’s semiconductor industry has become a key target of the United States, which has imposed a slew of export restrictions targeting several parts of the country’s chip sector supply chain as it bids to slow its rival’s technological advancement. While Beijing has ploughed vast sums of money into cultivating …
Factbox-Chinese chipmakers caught in U.S.-China tech spat Read More »
By Shubham Batra, Sarita Chaganti Singh and Shivangi Acharya NEW DELHI (Reuters) -India is considering a number of tariffs and non-tariff steps to cut imports of non-essential consumer and electronic goods, including from China, as trade imbalances concern policymakers, two government officials and an industry source said. As many as 18 key government ministries, led …
India plans measures to curb Chinese imports as trade gap concerns mount -sources Read More »
By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks retreated on Monday after six sessions of gains while U.S. Treasury yields rose ahead of central bank policy announcements and data that may shed light on whether progress has been made in bringing down inflation. Investors widely expect the Federal Reserve will raise …
Stocks fall, U.S. yields climb as central bank hikes awaited Read More »
By Karen Brettell NEW YORK (Reuters) – The dollar rose on Monday, a day before the Federal Reserve was due to begin a two-day policy meeting, while the euro was boosted by unexpectedly high inflation data before the European Central Bank meets on Thursday. The U.S. central bank is widely expected to hike interest rates …
Dollar gains as central banks take central stage Read More »
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices dipped 2% on Monday, extending losses as looming increases to interest rates by major central banks weighed on demand and Russian exports remained strong. Investors expect the U.S. Federal Reserve to raise rates by 25 basis points on Wednesday, followed the day after by half-point increases by the …
Oil falls 2% as rate hikes loom and Russian flows stay strong Read More »
LIMA (Reuters) – The huge Chinese-owned Las Bambas copper mine in Peru, normally the supplier of 2% of the metal worldwide, could halt production this week due to protests and blockades that are starting to snarl output of the red metal amid already tight global supply. The Andean nation, the world’s second-largest copper producer, has …
Chinese-owned copper mine in Peru may halt production over unrest Read More »
BRUSSELS (Reuters) – Europe and its partners must do more to combat the effect of Chinese subsidies for the manufacture of clean technology products, the European Commission is set to say on Wednesday in its “Green Deal Industrial Plan”. The plan is designed to outline how Europe can keep its place as a manufacturing hub …
EU warns of ‘unfair’ Chinese subsidies in Green Deal plan – draft Read More »
By David Shepardson WASHINGTON (Reuters) -TikTok Chief Executive Shou Zi Chew will appear before the U.S. Energy and Commerce Committee in March, as lawmakers scrutinize the Chinese-owned video-sharing app. Chew will testify before the committee on March 23, which will be his first appearance before a congressional committee, said Representative Cathy McMorris Rodgers, the Republican …
TikTok CEO to testify before U.S. Congress over security concerns Read More »
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – China’s consumption of pork remains subdued and normalization could take up to six months, said Danish Crown’s CEO, who also told Reuters on Monday the company would lay off 550 staff in Denmark and Germany and cut capacity at its Essen plant by 40%. Chinese pork demand is weak …
Danish Crown says Chinese pork demand subdued, set to cut 550 jobs Read More »
(Reuters) – Russian carmaker Avtotor on Monday said it has begun production of Chinese Kaiyi cars at its plant in Kaliningrad, Russia’s exclave on the Baltic coast. The company said in a statement that it’s preparing to start sales of the Kaiyi model E5 early this year and launch production of another three models by …
Russian carmaker Avtotor launches production of Chinese Kaiyi cars Read More »
