economy

China holds emergency talks with chip firms after U.S. curbs -Bloomberg News

China's Ministry of Industry and Information Technology convened a series of emergency meetings over the past week with leading semiconductor…

3 years ago

Exclusive: China’s state banks seen acquiring dollars in swaps market to stabilise yuan

China's state banks stepped up their intervention to defend a weakening yuan on Monday, with banking sources telling Reuters these…

3 years ago

Futures tick down ahead of big bank earnings, retail sales data

U.S. stock index futures edged lower on Friday as caution kicked in ahead of quarterly results from four of the…

3 years ago

BlackRock profit beats as ETF demand holds up against market rout

BlackRock Inc posted a smaller-than-expected drop in quarterly profit on Thursday as strong demand for exchange-traded funds and other low-risk products…

3 years ago

OPEC+ oil supply cuts could tip world into recession, IEA says

A decision by the OPEC+ oil producer group last week to rein in output has driven up prices and could…

3 years ago

Analysis: China faces its “Sputnik” moment as US export curbs deal a blow to its chip ambitions

U.S. export restrictions on chip equipment to China are likely to lead to its "Sputnik" moment, prompting Chinese chipmakers to…

3 years ago

Analysis: Russian gas supply gap casts chill in Europe as winter nears

Europe needs to pay up to import liquefied natural gas, pray for a mild winter and cut energy demand as…

3 years ago

Analysis: Europe Inc’s wage hikes alarm investors as worries about recession grow

Plans by European companies to hike wages and pay one-off bonuses to help staff cope with a torrid winter are…

3 years ago

China tech shares sink as U.S. export curbs raise chip sector hurdles

Shares in Chinese tech giants Alibaba Group (9988.HK) and Tencent (0700.HK) as well as in chipmakers slumped on Monday, as investors were spooked by…

3 years ago

Samsung quarterly profit set to slump 25%, first decline in nearly three years

Samsung Electronics Co Ltd's (005930.KS) third-quarter profit could tumble 25%, the first year-on-year decline in nearly three years, as an economic downturn…

3 years ago