Hong Kong’s Chief Executive John Lee has said his trip to Saudi Arabia and the United Arab Emirates (UAE) yielded “fruitful results,” as his overseas charm offensive concluded on Friday. Meanwhile, the deputy secretary for justice, who joined the trip,...
Chinese chipmaker Semiconductor Manufacturing International Corp (SMIC) has warned of a weak 2023 as slowing demand for electronics takes a toll. The forecast comes despite record high sales last year, as demand for low-end chips rocketed in the wake...
Arizona-headquartered Amkor operates a factory employing about 5,300 people in Shanghai’s Waigaoqiao Free Trade Zone, after entering China in 2001. READ SOURCE...
Top Chinese memory chip maker YMTC has cut orders for new production equipment by 70 per cent in recent months, a sign that US sanctions and a slowdown in the global NAND market are hurting. READ SOURCE...
MOSCOW: Russia will cut oil production by 500,000 barrels per day, or around 5 percent of output, in March, Deputy Prime Minister Alexander Novak said on Friday, after the West imposed price caps on Russian oil and oil products, according to...
US EV maker Tesla raised the mainland China price of the Model Y’s basic edition by 2,000 yuan (US$294) on Friday, far less than the amount by which it recently raised prices in the United States. READ SOURCE...
Generative AI models such as ChatGPT will slow down market share gains and deflate pricing for Indian IT companies in the short term, analysts at J.P.Morgan said on Friday.As generative AI is implemented more broadly, consulting firms like Accenture and...
“The political fracas is already under way in Washington. Republicans claim the Biden administration showed weakness in allowing the balloon to enter US airspace. Officials counter that the previous administration, under president Donald Trump, didn’t react to several similar missions over US states and...
KUALA LUMPUR, Feb 10 — Bank Negara Malaysia (BNM) governor Tan Sri Nor Shamsiah Mohd Yunus today stressed that any decision on the overnight policy rate (OPR) would not be solely in tandem with other central banks but rather more...
PAYPAL Holdings forecast full-year profit above Wall Street estimates on Thursday but warned of pressure on discretionary spending, and said chief executive Dan Schulman will retire at the end of 2023. READ SOURCE...
