HANOI (Reuters) – Vietnam registered a trade surplus of $740 million in the first half of this year, government customs data released on Thursday showed. Exports in the January-June period rose 17.3% from a year earlier to $186.03 billion, while imports were up 15.5% at $185.29 billion, the Customs Department said in a report. In …
Vietnam H1 trade surplus at $740 million – customs dept Read More »
By Daphne Psaledakis and Arshad Mohammed WASHINGTON (Reuters) -The United States on Wednesday imposed sanctions on a network of Chinese, Emirati and other companies that it accused of helping to deliver and sell Iranian petroleum and petrochemical products to East Asia, pressuring Tehran as it seeks to revive the 2015 Iran nuclear deal. The U.S. …
U.S. tightens sanctions on Iran, targets Chinese, Emirati firms over oil Read More »
By Andrea Shalal (Reuters) -The head of the International Monetary Fund (IMF) on Wednesday said the outlook for the global economy had “darkened significantly” since April and she could not rule out a possible global recession next year given the elevated risks. IMF Managing Director Kristalina Georgieva told Reuters the fund would downgrade in coming …
IMF chief says ‘cannot rule out’ possible global recession Read More »
WARSAW (Reuters) – Japanese air-conditioning systems and heat pump maker Daikin’s Polish unit will invest over one billion zloty to build a factory producing heat pumps near Lodz in central Poland, a source familiar with the matter said. Demand for heat pumps – which rely on electricity to transfer heat – has been booming …
Japan’s Daikin to build heat pump factory in Poland -sources Read More »
(Reuters) – Crypto lenders, which boomed during the COVID-19 pandemic, have run into difficulties recently due to a slump brought on by the downfall of a major token in May and a global risk-off sentiment. Below are some of the firms that have run into trouble recently: Terraform Labs The South Korea-based company, which is …
SAO PAULO (Reuters) – Singaporean shopping app Shopee, owned by Sea Ltd, has opened five new distribution centers in Brazil in recent months to improve shipping processes and cut lead times, Brazilian newspaper Valor reported on Tuesday. Shopee has become one of Brazil’s most-downloaded e-commerce apps since its launch there in 2019, drawing users to …
Shopee opens five new distribution centers in Brazil – report Read More »
SHANGHAI (Reuters) – Foreign investors continued to cut holdings in Chinese bonds in June but added positions in equities, bucking the trend in other emerging markets (EM), the Institute of International Finance (IIF) said on Wednesday. Chinese debt showed $2.5 billion of outflows last month, compared with $9.1 billion of inflows in other EM, IIF …
Foreigners cut China debt, buy equities in June – IIF Read More »
TAIPEI (Reuters) -Order books for both mature and advanced semiconductor nodes for Taiwanese chip firms are still very full, Economy Minister Wang Mei-hua said on Wednesday, amid concerns about a slowdown in tech-related demand. A significantly weaker-than-expected business outlook by memory-chip firm Micron Technology Inc last Thursday raised concern that, following nearly two years of …
Taiwan economy minister: Order books for chip firms still very full Read More »
MOSCOW (Reuters) -Caspian Pipeline Consortium (CPC), which takes oil from Kazakhstan to the Black Sea via one of the world’s largest pipelines, has been told by a Russian court to suspend activity for 30 days, although sources said exports were still flowing. CPC, which handles about 1% of global oil, said the ruling to suspend …
Russian court orders halt to Caspian oil pipeline but exports still flow Read More »
By Julie Zhu HONG KONG (Reuters) – Sequoia Capital China has raised a total of nearly $9 billion for four new funds amid investor hopes that the authorities are easing a regulatory crackdown on the tech sector, said a person with direct knowledge of the matter. The latest fundraising by Sequoia China, which according to …
Sequoia China raises $9 billion amid hopes crackdown is easing -source Read More »
