The Philippines and China have reached an agreement on a “provisional arrangement” for resupply missions to a grounded Philippine naval ship in the disputed South China Sea. The agreement was announced by the Philippine Department …
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China Lithium Prices Surge on Chile Earthquake, But Demand Concerns Remain
China’s lithium prices jumped on Friday after a powerful earthquake struck Chile’s major lithium-producing region, but persistent demand concerns weighed on the metal used in electric vehicle batteries. The most-traded November lithium carbonate futures on …
Continue readingUS to Limit Chinese Software in Connected Cars, Sparking Concerns
The US Commerce Department is set to release proposed rules in August that will restrict the use of certain software components from China and other countries deemed adversaries in connected vehicles. The rules are expected …
Continue readingASML Order Book Soars on AI Chip Demand, Booming Despite China Concerns
ASML, the world’s leading supplier of equipment to chipmakers, is poised for a strong second quarter, driven by the burgeoning demand for AI chips. The company is expected to report a surge in new orders, …
Continue readingNepal’s Political Instability Continues as Oli Takes Over as Prime Minister for Fourth Time
K.P. Sharma Oli has been sworn in as Nepal’s Prime Minister for the fourth time, marking the fifth change in leadership in five years. This highlights the ongoing political instability in the impoverished Himalayan nation. …
Continue readingWorld Bank to Rescue Pacific Islands from Banking Crisis
Pacific Island nations are facing a critical financial crisis. Western banks are withdrawing from the region, leaving them cut off from global finance. This has a serious impact on their economies, affecting crucial remittances, trade, …
Continue readingOil Prices Slip Despite Strong US Fuel Demand
Oil futures closed slightly lower on Friday, with investors weighing the impact of a weak consumer sentiment report against growing expectations of a Federal Reserve rate cut in September. Brent crude futures settled at $85.03 …
Continue readingChina’s Central Bank Fights Back Against Bond Rally, Fears Destabilization
China’s central bank is taking action to cool a recent bond rally, fearing that it could destabilize the economy. The People’s Bank of China (PBOC) has expressed concern that financial institutions aggressively buying government bonds …
Continue readingChina’s Central Bank Steps In to Cool Bond Market Rally, Preventing Risks
China’s central bank, the People’s Bank of China (PBOC), is taking steps to cool the country’s surging bond market. The central bank is concerned about the potential risks associated with the recent rally, deeming it …
Continue readingTaiwan President Thanks Micron CEO for Trust and Investment in Semiconductor Industry
Taiwan President Lai Ching-te made a rare public gesture towards a senior foreign tech executive by meeting with Micron CEO Sanjay Mehrotra. The meeting, which took place amidst heightened tensions between Taiwan and China, signaled …
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