Bloomberg Opinion columnist Shuli Ren thinks Beijing’s priorities are finally shifting, from industrial upgrades to boosting domestic demand. She shared her views on “Bloomberg: The China Show”. (Source: Bloomberg) from Bloomberg Markets https://ift.tt/IsEGZxl
USD/SGD was steady in the Asian session, underpinned by hawkish minutes of the FOMC’s latest meeting. https://www.wsj.com/articles/asian-currencies-consolidate-may-be-weighed-by-fomc-minutes-325f1999
France’s president says reinforcements will stay “as long as necessary”, as he visits the Pacific territory. https://ift.tt/TkN2qBF May 23, 2024 at 06:37AM
An index of Asian chip-related stocks rose to the highest level in over three years as the latest bullish sales forecast from Nvidia Corp. provided a fresh tailwind for the artificial intelligence trade. from Bloomberg Markets https://ift.tt/feRjrF4
The Hong Kong data regulator recently concluded that Worldcoin’s data collection methods and activities violated the region’s “privacy ordinance.” Privacy Commissioner Chung Liling has issued an enforcement notice requesting Worldcoin to cease data collection from Hong Kong residents. Worldcoin’s Excessive Data Collection Methods An investigation by the Hong Kong Office of the Privacy Commissioner for…
Chinese factories are balking at paying record copper prices, delaying orders for the metal and cutting production as their customers recoil from more expensive products. from Bloomberg Markets https://ift.tt/4ZxBfDN
The large-scale operations are a “punishment for separatist acts,” China’s military says, just days after the inauguration of Lai Ching-te. https://www.wsj.com/articles/chinese-military-launches-drills-encircling-taiwan-in-test-of-new-president-d11f6dce
Prime Minister Rishi Sunak of the United Kingdom called a general election, while Nvidia delivered its earnings and saw its shares soar to record highs. https://www.cnbc.com/2024/05/23/cnbc-daily-open-nvidia-shares-top-1000-on-ai-boom.html
Disruptions to these critical waterways could upend maritime commerce and rekindle inflation. from Bloomberg Politics https://ift.tt/qrcFIzi
Around 80% of the world’s gum arabic is harvested from Sudan’s acacia trees, and the widely used ingredient has become a key funding source for both sides in the country’s civil war. https://www.wsj.com/articles/how-soda-chocolate-and-chewinggumare-funding-war-insudan-535a7686