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May 23, 2022

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BlackRock moves to sidelines on developed market equities

Reuters
NEW YORK, May 23 (Reuters) – BlackRock Investment Institute cut its ratings of developed market (DM) equities to “neutral” from “overweight” on Monday, citing the U.S. Federal Reserve’s potentially overzealous efforts to curb inflation and signs of economic slowdown in China. Regarding the Fed’s ramped-up rhetoric “vowing to bring inflation......

Wall Street ends mixed, Tesla falls

Reuters
A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., May 19, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Ross Stores plunges after cutting 2022 forecast May 20 (Reuters) – Wall Street ended mixed on......

Computer chip giant ASML places big bets on a tiny future

Reuters
VELDHOVEN, Netherlands, May 20 (Reuters) – ASML (ASML.AS), a semiconductor industry and stock market giant, has to think smaller. Or maybe bigger. It is building machines the size of double-decker buses, weighing over 200 tonnes, in its quest to produce beams of focused light that create the microscopic circuitry on......

Kicking the China habit: South Korea hunts tungsten treasure

Reuters
S.Korean tungsten mine gets $100 million makeover Dozens of new mineral projects launched globally Green, digital booms fuel demand for rare minerals China is pre-eminent in critical minerals supply GRAPHIC-S.Korea’s reliance on China: SANGDONG, South Korea, May 9 (Reuters) – Blue tungsten winking from the walls of abandoned mine shafts,......

U.S. Congress edges toward massive China competition bill, with Iran votes

Reuters
Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, May 4 (Reuters) – The U.S. Congress edged closer on Wednesday toward completing......

Mixed picture for Taiwan firms in COVID-hit China manufacturing hub

Reuters
TAIPEI, April 20 (Reuters) – Taiwan firms making chip and electronic components reported a mixed picture on Wednesday on work resumption in the eastern Chinese city of Kunshan after COVID-19 curbs, with some warning deliveries would be postponed until next month. China has put Shanghai under a tight lockdown since......

Russian forces pound key cities as West prepares new sanctions

Reuters
EU executive head says more sanctions will come U.S., EU set to ban new investment in Russia Zelenskiy says Bucha killings demand punishment Pope condemns Bucha “massacre” Ukraine reports attacks in south and east LVIV, Ukraine, April 6 (Reuters) – Russian artillery pounded the Ukrainian cities of Mariupol and Kharkiv......

AMD to buy cloud startup Pensando for $1.9 billion in data center push

Reuters
Signs of AMD are seen at the China Digital Entertainment Expo and Conference, also known as ChinaJoy, in Shanghai, China July 30, 2021. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register April 4 (Reuters) – Chip designer Advanced Micro Devices (AMD.O) said on Monday it would acquire......

Take Five: Q2 to test resilient stocks, peak inflation

Reuters
April 1 (Reuters) – As the second quarter gets underway, the biggest question is when soaring inflation will finally peak. Federal Reserve minutes and a Reserve Bank of Australia meeting will provide insights on rate setters’ thinking. Resilience in stocks and Russia’s rouble could be put to the test. Here’s......

Exclusive: U.S. warned firms about Russia’s Kaspersky software day after invasion

Reuters
U.S. government privately briefed American companies on software Kaspersky says briefings unjust and damages its reputation March 31 (Reuters) – The U.S. government began privately warning some American companies the day after Russia invaded Ukraine that Moscow could manipulate software designed by Russian cybersecurity company Kaspersky to cause harm, according......

China’s Shanghai launches two-phase lockdown as COVID surges

Reuters
SHANGHAI, March 28 (Reuters) – China’s financial hub of Shanghai launched a two-stage lockdown of its 26 million residents on Monday, closing bridges and tunnels, and restricting highway traffic in a scramble to contain surging COVID-19 cases. The snap lockdown, announced by Shanghai’s city government on Sunday, will split the......

U.S. FCC adds Russia’s Kaspersky, China telecom firms to national security threat list

Reuters
WASHINGTON, March 25 (Reuters) – The Federal Communications Commission (FCC) on Friday added Russia’s AO Kaspersky Lab, China Telecom (Americas) Corp (0728.HK) and China Mobile International USA (0941.HK) to its list of communications equipment and service providers deemed threats to U.S. national security. The regulator last year designated five Chinese......

Japan manufacturers restart some of the northeast’s quake-hit plants

Reuters
TOKYO, March 18 (Reuters) – Japanese manufacturers began restarting production at some of the plants that were halted following an earthquake that jolted the country’s northeast late on Wednesday. Murata Manufacturing Co Ltd (6981.T), the top global supplier of ceramic capacitors used in smartphones and cars, said it is restarting......

China’s factories opt for isolation bubbles to beat COVID curbs and keep running

Reuters
Chinese flags flutter near containers stacked at the Yangshan Deep Water Port in Shanghai, China January 13, 2022. REUTERS/Aly Song/ Register now for FREE unlimited access to Reuters.com Register SHANGHAI/BEIJING, March 17 (Reuters) – To keep factory lines open in the face of COVID curbs Chinese firms are asking workers......

Musk says Tesla, SpaceX facing significant inflation risks

Reuters
SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, U.S., June 13, 2019. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register March 13 (Reuters) – Tesla Inc (TSLA.O)......

Chinese firms that aid Russia may be cut off from U.S. equipment -commerce secretary

Reuters
Commerce Secretary Gina Raimondo testifies before the Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies during a hearing on expanding broadband access on Capitol Hill in Washington, D.C., U.S. February 1, 2022. Sarah Silbiger/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register March 8 (Reuters)......

Analysis: With war risk, unclear how much U.S. real-yield collapse will benefit stocks

Reuters
A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 7, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register NEW YORK, March 7 (Reuters) – Real yields in the U.S. Treasury market have gone even......

Wall St Week Ahead Rate-hike fears abate but Ukraine muddies stock market outlook

Reuters
The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri Register now for FREE unlimited access to Reuters.com Register NEW YORK, March 4 (Reuters) – Geopolitical worries are clouding the outlook......

Intel picks Magdeburg in Germany for new European chip factory

Reuters
BERLIN, Feb 27 (Reuters) – Intel INTC.O has chosen the east German city of Magdeburg as the site for a new multibillion-euro European chip factory and will make the decision public on March 4, a person familiar with matter told Reuters. The company said in September it could invest as......

Taiwan sees limited impact from Ukraine war on chip supply chain

Reuters
TAIPEI, Feb 26 (Reuters) – Taiwan expects little impact from the war in Ukraine on the supply of key raw materials for semiconductors, the government said on Saturday. Taiwan is a major chip manufacturer, home to the world’s largest contract chip maker and Asia’s most valuable listed company, TSMC ,......

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