Harris Promises Communist Style Price Controls, Similar to Venezuela
Buckle up, folks! Kamala Harris is stepping into the 2024 ring with a set of economic policies that’s got everyone talking—and not all the chatter is good. On Friday, the Vice President…
Chinese chip trade group opposes export controls from U.S., Netherlands, Japan
SHANGHAI (Reuters) – The China Semiconductor Industry Association (CSIA), the country’s top chip industry trade group, opposes reported export controls from the United States, Japan and the Netherlands, it said on Wednesday.…
Johnson Controls misses quarterly revenue estimates on supply chain snags
(Reuters) – Johnson Controls International reported lower-than-expected first-quarter revenue on Wednesday, as the provider of heating and air-conditioning systems for offices, hospitals and schools struggled with supply chain logjams. The company’s first-quarter…
Japan eyes easing S.Korea export controls as Seoul seeks to improve ties -media
By Kantaro Komiya TOKYO (Reuters) -Japan is considering relaxing controls on exports to South Korea as its president, Yoon Suk-yeol, seeks to improve ties amid a strained East Asian security environment, the…
Exclusive-Dutch officials headed to Washington to talk controls on chipmaking gear – sources
By Michael Martina (Reuters) – Dutch and U.S. officials will meet in Washington on Friday to discuss potential new controls on exporting semiconductor manufacturing gear to China, with a deal possible by…
Taiwan chipmaker UMC imposes strict cost controls over weak demand
TAIPEI (Reuters) – Taiwanese chipmaker United Microelectronics Corp (UMC) said on Monday it was implementing strict cost controls because of soft demand and a weak outlook, in a further sign of pain…
Ukraine denies Russia controls Soledar, says fighting is intense
KYIV (Reuters) – Ukraine’s military denied on Wednesday that Russian forces had taken control of the eastern town of Soledar, and said the intensity of battles in the area could be compared…
Exclusive-Twitter to introduce new controls for ad placements -email
By Sheila Dang (Reuters) – Twitter Inc will roll out new controls as soon as next week to let companies prevent their ads from appearing above or below tweets containing certain keywords,…
UK financial watchdog fines brokers over market abuse controls
LONDON (Reuters) – Britain’s Financial Conduct Authority said on Thursday it has fined inter-dealer brokers BGC Brokers LP, GFI Brokers Limited, and GFI Securities Limited 4.77 million pounds ($5.80 million)for failing to…
Russia eases capital movement controls
MOSCOW (Reuters) – Russia’s central bank will in some cases allow authorised banks and state development bank VEB to export the equivalent of $10,000 in foreign currency cash, it said on Monday,…
Putin calls for price controls as Russian car sales crash to record low
MOSCOW (Reuters) – President Vladimir Putin urged the Russian government on Wednesday to control car prices, as one industry head said Western sanctions could send annual sales crashing to below 1 million…
SMIC Co-CEO warns of ‘adverse impact’ of U.S. export controls on production
SHANGHAI (Reuters) – Semiconductor Manufacturing International Corporation (SMIC) co-CEO Zhao Haijun said on Friday on an earnings call that recent export controls from the United States will have an “adverse impact” on…
Venezuela’s PDVSA controls fire at small refinery, restarts other plants from outage
(Reuters) – A fire caused by a thunderstorm at Venezuela’s smallest refinery has been brought under control, a Venezuelan minister said, as the country’s largest refining facilities restart following a power outage…
Bahamas to introduce price controls on dozens of key food staples
(Reuters) – The Bahamas on Wednesday outlined the details of temporary price control measures aimed at helping families brave mounting global inflation, saying they would affect 38 key staples, such as eggs,…
Argentina to tighten import controls to preserve dollars
By Eliana Raszewski BUENOS AIRES (Reuters) – Argentina will regulate import authorizations more closely in an effort to prevent fraud and preserve reserves of U.S. dollars, Economy Ministry sources said on Saturday.…
China says U.S. abusing trade measures with chip export controls
BEIJING (Reuters) – New U.S. export controls targeting Chinese chip manufacturers are an abuse of trade measures and designed to maintain the country’s “technological hegemony”, China’s foreign ministry spokesperson Mao Ning said…
Russia’s central bank eases more currency controls
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine.) MOSCOW – Russia’s central bank will allow banks from designated “unfriendly countries” to trade between…
China COVID controls makes Apple supplier Pegatron “emphasise” expansion elsewhere
By Sarah Wu TAIPEI – China’s recent lockdowns to control the spread of COVID-19 have made Apple Inc iPhone assembler Pegatron Corp “emphasise” its expansion in other countries, a senior executive at…
Japan business community seeks further relaxation of border controls
TOKYO – Japan’s business community issued a joint statement on Friday seeking further relaxation of border controls, as the country begins a gradual easing of COVID-19 travel restrictions. The statement by domestic…
Rouble firms past 60 vs dollar despite eased capital controls
(Reuters) – The Russian rouble climbed on Wednesday, firming past 60 per dollar, despite Russia’s decision to ease some capital controls and expectations of an interest rate cut at an upcoming central…
Russia softens capital controls to allow companies to transfer forex overseas
(Reuters) – Russia on Tuesday said export-focused companies can transfer foreign currency to accounts overseas under certain conditions in a move aimed at helping to pay for imports and to dampen the…
Rouble dips against dollar after Russia eases capital controls
(Reuters) – The Russian rouble weakened against the dollar on Wednesday but steadied not far from a five-year high against the euro, after losing the support of some capital controls and as…
Rouble reverses rally as Russia eases capital controls
(Reuters) – The Russian rouble weakened on Tuesday, stepping away from near five-year highs against the euro, after the central bank eased some capital controls that were the main driver of its…
China’s COVID controls will impact foreign investment for years – U.S. lobby
SHENZHEN, China – China’s strict COVID-19 controls will hamper foreign investment into the country for years to come as limits on travel block the pipeline for projects, the President of the American…
Bank of Mexico board member cautions on implementing price controls
MEXICO CITY – Bank of Mexico board member Jonathan Heath on Tuesday cautioned on implementing price controls to tackle inflation, saying the measures only work in the short term. “My personal opinion…
Special Report-How military technology reaches Russia in breach of U.S. export controls
By David Gauthier-Villars, Steve Stecklow and John Shiffman (Reuters) – By his own account, Ilias Sabirov, a Moscow businessman, had supplied Russia’s military with high-performance computer chips made in the United States…
Breaking News
