Is Omicron causing supply chain disruptions?
In the United States, an omicron outbreak is causing supply chain difficulties. Even though the market previously suffered a shutdown as a result of the pandemic slowly it has been recovering. The Omicron variant, on the other hand, could be the source of major supply chain delays. According to Bloomberg’s monthly survey, growth in the […]
Analysis: Baptism by fire awaits today’s rate-hike rookies
Today’s central bankers have the unenviable task of weaning a pandemic-hit global economy off cheap money amid unprecedented sovereign debt levels and with asset prices inflated by years of stimulus and near-zero interest rates.
Japan urges more chip tie-ups with Taiwan at trade talks
Japan called for greater collaboration with Taiwan on semiconductors at a bilateral economic and trade meeting on Tuesday.
More investors turning sour on emerging markets – HSBC survey
More than one in four investors feel ‘bearish’ about emerging markets, an HSBC survey showed on Wednesday, as slowing economic growth and the spectre of tighter monetary policy in the United States clouds the outlook.
Analysis: How Banks all over the world are facing challenges!
The world has changed dramatically since the pandemic or Covid-19 outbreak. The entire process of living has changed, as has the economy and all financial institutions. Financial institutions all over the world are facing real challenges to keep their position stable and prevent themselves from the loss. According to BICRA Scores and Economic and Industry […]
Tesla and Ganfeng Lithium have agreed to a three-year supply arrangement
Chinese firm Ganfeng Lithium has signed a deal with Tesla to supply the automaker with battery-grade lithium hydroxide. Ganfeng is China’s biggest producer of metal. The contract will run from 1 January 2022 to 31 December 2024. The purchase volumes and values will be subject to purchase orders from Tesla. Ganfeng said that the contract is […]
Indonesia sees Q3 GDP growth at 4.5% y/y, warns of future headwinds
This October 25 story corrected headline and lead paragraph’s Q3 GDP growth projection to 4.5%, not 4.3%, after Finance Ministry issues correction
SoftBank is negotiating the sale of its French robotics business to Germany’s United Robotics
SoftBank Group Corp. plans to sell the robotics business behind its Pepper android to the United Robotics Group of Germany, shrinking the size of a once-promising growth driver. The decision has not yet been made, according to sources who are closely involved in the matter but are unwilling to reveal their identities because they are […]
World Bank revises up 2021 GDP forecast for Western Balkans to 5.9%
SARAJEVO, Oct 21 (Reuters) – The World Bank on Thursday revised up its forecast for the economic growth of six countries of the Western Balkans to 5.9% in 2021 after a 3.1% contraction in 2020 due to the COVID-19 pandemic, but cautioned that recovery remains fragile. In its regular six-month report on the region, the […]
Asian shares advance on earnings optimism, yen slips to 4-yr low
TOKYO, Oct 20 (Reuters) – Asian shares advanced and U.S. long-dated bond yields edged up to a five-month high on Wednesday on rising optimism about the global economy and corporate earnings while the yen slipped to a four-year low on the dollar. Japan’s Nikkei (.N225) rose 0.8% while MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) added 0.3%, […]
