ASIA: The Biden administration plans to expand restrictions on US shipments to China of semiconductors used in artificial intelligence and chip-making tools next month, Reuters reported. The Commerce Department intends to publish new regulations based on restrictions announced earlier this year in letters to three US companies - KLA Corp, Lam Research Corp and Applied
ASIA: China's export sector posted strong growth in July, providing a much-needed boost to the world's second-largest economy, which is almost certain to miss its GDP target this year. Exports measured in US dollars jumped 18% in July from a year earlier, marking the fastest pace of growth this year, according to Chinese customs statistics
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 295.11 points or 1.11% to 26,812.30 Shanghai decreased 42.49 points or -1.27% to 3,313.58 Hang Seng decreased 601.58 points or -2.77% to 21,124.20 ASX 200 decreased 75.80 points or -1.14% to 6,602.20 Kospi decreased 10.34
ASIA: US Commerce Secretary Gina Raimondo said on Sunday that President Joe Biden had asked his team to look at the option of lifting some tariffs on China that were put into place by former President Donald Trump to combat the current high inflation. Biden has said he is considering removing some of the tariffs
ASIA: India's wheat export ban has trapped some 1.8 million tonnes of grain at ports, leaving traders facing heavy losses from the prospect of selling onto a weaker domestic market. India banned wheat exports on Saturday, just days after saying it was targeting record shipments of 10 million tonnes this year, as a scorching heatwave