Additional spending cuts in the order of 120 Billion Dollars in the new fiscal year. Speaking at a Congressional Black Caucus awards dinner, the us president warned them against the consequences of triggering a shutdown. Lets be clear, the government shuts down, that means members of congress and the us military or going to have to continue to work did not get paid. A Government Cut down damages everything. Funding the government is why the most basic responsibilities of congress and it is time for republicans to start doing the job america elected them to do. Lets get this done. That impasse over the Us Government budget comes at a time when the us economy is facing a significant number of challenges. The us auto industry, which is a key economic sector, is facing an expanding strike which could have an impact on growth. And while the Federal Reserve decided to leave rates unchanged when it met last week, it has signalled that it will raise rates again before the end of 2023. Earlier
From export companies today. Supporting the overall nikkei even though as you say theyre still some nervousness about whether is it going to be more stimulus added to japans economy. A very good pickup coming through on the high one index. It is up by half of 1 . The retailer and the insurers are looking quite good there. We are watching the Property Developers quite closely with beijing planning to raise the down payment for some secondhome buyers. We are waiting for the cpi number from australia. It is really led by these boosts from various markets. It is lower today. Alliterative crossing as to whether or not we will see a rate cut from the Australian Bank next week. We are having a look at some suppliers in the region. Theyre are getting a boost on the bank of those earnings from apple. Rishaad apple is the worlds most valuable publicly listed company. What stood out in that Earnings Report . Item and i to pick one not a lot of people talk about this little bit here. Apple has the
China s leading mobile phone manufacturer, BBK Group, is set to commence production of Oppo, Vivo, and Realme smartphones in collaboration with Indian firms Dixon Technologies and Karbonn Group, as per informed sources. This move is partly driven by government pressure to engage local partners and leverage the production-linked incentive (PLI) scheme for phone manufacturing
Two industry executives said Vivo and Realme recently began manufacturing a few handsets through a plant owned by Karbonn. Dixon is in the final stages of signing with Oppo and Vivo for contract manufacturing, according to them. As of now, monthly production capacity for Vivo and Realme in the Karbonn plant is around one million units, while the Dixon production will be lower to begin with, they said.