(Reuters) -U.S.-China tensions over semiconductors began with the Trump administration’s trade war and have ratcheted up under President Joe Biden’s leadership as Washington looks to undercut Beijing’s efforts to build its high-tech industry. The U.S. and the Netherlands are set to deliver a one-two punch to China’s chipmakers by further curbing sales of chipmaking equipment,…
By Yoruk Bahceli AMSTERDAM (Reuters) – An overhaul of the private pensions system in the Netherlands – the biggest in the European Union – is leading asset managers there to rethink how they invest 1.5 trillion euros ($1.64 trillion) of retirement savings. Asset managers for top Dutch pension funds said the reform, which takes effect…
By Carolina Mandl and Nell Mackenzie NEW YORK/LONDON (Reuters) – Many macro hedge funds that bet on global economic trends are ending the first half of 2023 with losses, but uncertainty around how different central banks will handle monetary policy could provide trading opportunities for the rest of the year. After a surprise crisis of…
A look at the day ahead in European and global markets from Ankur Banerjee After German inflation bucked the trend and rose more than expected in June, the spotlight will firmly be on euro zone and French inflation reports, with investors wondering if the German data was just a blip or something worse. Economists polled…
A look at the day ahead in European and global markets from Ankur Banerjee After German inflation bucked the trend and rose more than expected in June, the spotlight will firmly be on euro zone and French inflation reports, with investors wondering if the German data was just a blip or something worse. Economists polled…
By Tetsushi Kajimoto TOKYO (Reuters) -Japan will take appropriate steps should the yen weaken excessively, Finance Minister Shunichi Suzuki said on Friday after the currency plumbed seven-month lows against the dollar. Suzuki warned against investors selling the yen too far as the currency weakened past 145 to the dollar, a level that made speculators wary…
BANGKOK (Reuters) – Thailand’s manufacturing production index (MPI) in May dropped by a less than expected 3.14% from a year earlier as exports remained sluggish, the industry ministry said on Friday. The figure compared with a forecast in a Reuters poll for a fall of 4.5% in May. Output contracted a revised 8.71% year-on-year in…
WASHINGTON (Reuters) – Human Rights Watch (HRW) said on Friday that it uncovered new evidence of the indiscriminate use by Ukrainian forces of banned anti-personnel landmines against Russian troops who invaded Ukraine in 2022. The group called on Ukraine’s government to follow through with a commitment made earlier this month not to employ such weapons,…
By Jack Queen and Mike Spector (Reuters) -A Texas grand jury on Thursday declined to press criminal charges against rapper Travis Scott and five others over a 2021 crowd crush at a music festival that left 10 dead and injured thousands, prosecutors said. Harris County District Attorney Kim Ogg said the grand jury was the…
By Joe Cash BEIJING (Reuters) -China’s factory activity declined for a third straight month in June and weakness in other sectors deepened, official surveys showed on Friday, adding pressure for authorities to do more to shore up growth as demand falters at home and abroad. The world’s second-largest economy grew faster than expected in the…
