Asian chip stocks mostly rise, shrugging off new U.S. semiconductor export curbs on China
Shares of major Asian chip stocks mostly rose on Tuesday, shrugging off the U.S. announcing new emiconductor export controls on China.
Financial News
Caixin PMI: China’s November factory growth hits five-month high, beats forecasts
Manufacturers saw incoming new orders rise at its fastest pace in more than three years, signaling that stimulus efforts have already seeped into the economy.
How GE Vernova plans to deploy small nuclear reactors across the developed world
GE Vernova plans to roll out small modular reactors aimed at slashing exorbitant costs associated with building traditional nuclear plants.
Swiss wealth manager Lombard Odier indicted on money laundering charges
Lombard Odier — one of Switzerland’s oldest private banks — has been indicted by Swiss prosecutors on charges of aggravated money laundering.
China plans to restrict exports of a critical metal. But the market isn’t that worried
China dominates 80% of the global tungsten supply chain.
Chinese yuan to hit record lows as U.S. tariff threat mounts, investment banks forecast
Major investment banks and research firms project offshore yuan to weaken to an average 7.51 per dollar through the end of 2025, the weakest level on record.
China’s industrial profits fall by 10% in October as deflation worries linger
Industrial profits are a key gauge of the financial health of factories, mines and utilities in China.
Trump vows an additional 10% tariff on China, 25% tariffs on Canada and Mexico
The president-elect plans to raise tariffs by an additional 10% on all Chinese goods coming into the U.S., according to a post on his social media platform Truth Social.
China’s central bank keeps medium-term loan rate unchanged amid yuan weakness
The yuan has come under pressure following Donald Trump’s victory in the U.S. presidential election.
Data centers powering artificial intelligence could use more electricity than entire cities
The growing size of data centers is raising questions about power, land and the environment.