Stocks fall, dollar gains as US inflation prompts 100 bps hike bets

Stocks fall, dollar gains as US inflation prompts 100 bps hike bets

LONDON, July 14 (Reuters) – European shares dropped in early trading on Thursday and the safe-haven dollar was up after the latest red-hot US inflation reading increased investor caution about Federal Reserve rate hikes. Wednesday’s data showed US consumer prices jumped 9.1% year-on-year in June, up from May’s 8.6% rise. read more The data was … Read more

TSMC sees resilient chip sales boosting Q3; electronics demand cooling

TSMC sees resilient chip sales boosting Q3;  electronics demand cooling

The logo of Taiwan Semiconductor Manufacturing Co (TSMC) is pictured at its headquarters, in Hsinchu, Taiwan, Jan. 19, 2021. REUTERS / Ann Wang Register now for FREE unlimited access to Reuters.com Register Sees Q3 revenue up to $ 19.8 bln- $ 20.6 bln from $ 14.88 bln yoy Confident on long term chip demand Q2 … Read more

China’s exports pick up speed, but global risks darken trade outlook

China's exports pick up speed, but global risks darken trade outlook

Containers and trucks are seen following a snowfall at the port of Qingdao, Shandong province, China February 14, 2019. REUTERS / Stringer / File Photo Register now for FREE unlimited access to Reuters.com Register China June export grows at fastest pace in 5 months June import growth slows, misses f’cast Overall export outlook still faces … Read more

Asian stocks gain as investors brace for US inflation data

Asian stocks at lowest in two years, euro near par with dollar on growth fears

People pass by an electronic screen showing Japan’s Nikkei share price index inside a conference hall in Tokyo, Japan June 14, 2022. REUTERS / Issei Kato Register now for FREE unlimited access to Reuters.com Register HONG KONG / TOKYO, July 13 (Reuters) – Stocks made slight gains across Asia on Wednesday while the euro hovered … Read more

Computer chips face toilet paper hoarding moment as shortage turns to glut

Computer chips face toilet paper hoarding moment as shortage turns to glut

OAKLAND, Calif., July 12 (Reuters) – A supply chain crisis triggered by the global pandemic deprived makers of PCs and smartphones to cars of computer chips needed to make their products. All that suddenly changed over three weeks from late May to June, as high inflation, China’s latest COVID lockdown, and the war in Ukraine … Read more

Nigerian businesses turn to solar as diesel costs bite

Nigerian businesses turn to solar as diesel costs bite

Solar power panels are seen at the Atlantic Shrimpers farm in Badagry, Lagos, Nigeria July 5, 2022. REUTERS / Temilade Adelaja Register now for FREE unlimited access to Reuters.com Register Rising diesel costs eating into company margins Solar power adoption estimated at below 2% Some solar equipment taking longer to deliver LAGOS, July 12 (Reuters) … Read more

Exclusive: France’s Pernod puts new India investments on hold, citing protracted tax fight

Exclusive: France's Pernod puts new India investments on hold, citing protracted tax fight

Pernod at odds with Indian authorities over tax matters Differences between two sides on valuation of liquor imports Pernod told PM Modi’s office disputes hitting investments French spirits firm one of the biggest liquor companies in India NEW DELHI, July 12 (Reuters) – French spirits group Pernod Ricard (PERP.PA) has put new Indian investments on … Read more

Asian stocks at lowest in two years, euro near par with dollar on growth fears

Asian stocks at lowest in two years, euro near par with dollar on growth fears

HONG KONG, July 12 (Reuters) – Asian shares fell on Tuesday, weighed down by the prospect of further monetary policy tightening by central banks, China’s renewed COVID outbreak and Europe’s energy shortage, which also left the euro a whisker from parity with the safe haven dollar. MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) … Read more

Binance served crypto traders in Iran despite US sanctions, clients say

Binance served crypto traders in Iran despite US sanctions, clients say

Seven Iranians say used Binance for crypto after US reimposed Iran sanctions Weak background checks, deep liquidity drew Iranians to Binance, traders say News of Iranian trading on Binance could draw US regulatory scrutiny, lawyers say LONDON, July 11 (Reuters) – The world’s largest crypto exchange, Binance, continued to process trades by clients in Iran … Read more

Chips drive highest Samsung Q2 profit since 2018, but demand cooling

Chips drive highest Samsung Q2 profit since 2018, but demand cooling

Server chip demand remains solid on cloud appetite -analysts Smartphone demand slows as inflation rises -analysts Strong dollar likely aided profits -analysts SEOUL, July 7 (Reuters) – South Korea’s Samsung Electronics Co Ltd (005930.KS) turned in its best April-June profit since 2018 on Thursday, underpinned by strong sales of memory chips to server customers even … Read more