China increased the interim yuan-dollar exchange rate to a one-month high, according to Reuters. After the revelation of a lower-than-expected U.S. inflation rate, China pushed the intermediate yuan rate to a nearly one-month high versus the dollar on Thursday, which reflects the overall weakening of the American currency in global markets. The intermediate yuan-dollar exchange rate was fixed...

According to Taiwan's official ambassador to France Wu Chih-chung, rising tension in the Taiwan Strait could complicate the global semiconductor market. He made this statement on Monday during an appearance on the BFM Business TV channel. "The production chain for semiconductors is a complicated one; if a dispute impacts manufacture of even one part of this technologically sophisticated product,...

The allocation of funds for capital expenditures by large American businesses is increasing at a record pace, according to an examination of corporate reports from S&P 500 American companies by experts at S&P Dow Jones Indices, which quotes The Wall Street Journal. The number of money allocated to CAPEX surpassed the amount of funds allocated by corporations to repurchase their shares from the...

According to a statement from the International Air Transport Association, the amount of passenger air travel worldwide climbed by 76.2 percent in terms of yearly growth in June (IATA). Domestic passenger air traffic increased 5.2 percent, but international passenger air travel alone grew by 229.5 percent in June. IATA reports that the Middle East (216.8%) and Europe experienced the highest...

According to satellite data released on Wednesday, global copper smelting declined in July among reductions in China and South America, according to Reuters. According to a joint statement from Marex and analytical service provider SAVANT, a joint project between Marex and Earth-I that debuted in 2019, maintenance work at the Jinchuan and Jinjian-2 plants was partially to blame for the fall in...

$52 billion in funding for chip production was approved by the US Congress. According to Bloomberg, a condition of the federal grant program for increasing chip manufacture in the United States is that companies seeking the funding agree not to grow their production of sophisticated chips in China. Leading chipmakers like Intel Corp. and Taiwan Semiconductor Manufacturing Co. (TSMC), who have...

According to the U.S. Institute for Supply Management, the U.S. manufacturing index (ISM Manufacturing) dropped from 53 percent in June to 52.8% in July. DailyFX's poll of analysts shows that the indicator was expected to fall to 52%. The report stated that the indicator fell to its lowest level since June 2020. The nation's manufacturing employment index increased from June's level of 47.3...

The next step in Europe's effort to establish a global standard for ESG investing has been put off indefinitely due to politicians' reluctance to devote resources to it, reports Bloomberg. According to Bloomberg, which cited people familiar with the situation, the growth of the social criterion in the ESG strategy in Europe will be put off indefinitely. Environmental sustainability, strong social...

Foreign investors have withdrawn a record amount of money from developing markets amid rising chances of a global crisis. Experts believe that money leaving these economies could make the financial situation there worse. According to the Financial Times, which cited the Institute of International Finance, foreign investors sold $ 38 billion worth of shares and bonds in emerging nations over the...