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06 Mar When will European Central Bank cut rates? Markets could soon get clues

Posted at 09:25h in Europe

European Central Bank (ECB) President Christine Lagarde speaks as she presents the bank's 2022 Annual Report to the European Parliament, in Strasbourg, eastern France, on February 26, 2024. Frederick Florin | AFP | Getty ImagesFRANKFURT — The European Central Bank will meet again this week amid...

06 Mar China’s state buying may fade after sentiment improves as ‘hot money’ trickles into stock market

Posted at 08:30h in Asia

Downwards pressure on China’s stocks may resume after the ongoing parliamentary meeting concludes, as state buying is set to taper off now that the key benchmark has scaled a psychologically important level, to allow market forces to operate freely, analysts say.The national team, a term...

06 Mar Bill Gates-backed startup confident it can unearth more battery metals

Posted at 06:15h in Europe

Copper plates on wagons ready for onward shipping at the Mufulira refinery, operated by Mopani Copper Mines Plc, in Mufulira, Zambia, on Friday, May 6, 2022.Bloomberg | Bloomberg | Getty ImagesKoBold Metals, a mining startup backed by billionaires including Bill Gates and Jeff Bezos, is bullish on...

06 Mar China’s BYD launches third EV model in India, starts work on Brazil plant as it revs up overseas expansion

Posted at 05:58h in Asia

BYD, the world’s largest electric-vehicle (EV) maker, has launched a new model in India and started construction on a factory in Brazil.The company’s push into potentially huge overseas markets coincides with a discount war in mainland China, where fiercer competition is seen hurting carmakers’ profitability...

06 Mar Best passports in the world? See the 2024 Nomad Passport Index

Posted at 04:07h in Europe

Many passport rankings focus on one factor: visa-free travel.But passport strength is more complex than this, according to the tax and immigration consulting firm Nomad Capitalist.That's why it produces a weighted annual index that analyzes five criteria:Visa-free travel — 50%Taxation — 20%Global perception —10%Ability to...

06 Mar Why China’s cybersecurity company Qi An Xin set up Hong Kong headquarters to boost global expansion

Posted at 04:00h in Asia

The company, which set up its first office in the city in 2020, believes now is an opportune time to further expand its presence in Hong Kong, especially since the establishment of the Office for Attracting Strategic Enterprises (Oases) at the end of 2022.Oases is...

06 Mar US blocks AMD from selling AI chip tailored for China without licence: sources

Posted at 03:35h in Asia

US officials have told Advanced Micro Devices that the artificial intelligence (AI) chip it tailored for the Chinese market is too powerful to sell without a licence, ensnaring another American semiconductor company in Washington’s crackdown on exports of advanced technologies.AMD had hoped to gain a...

06 Mar Flair Airlines CEO looks to bid on Lynx planes after shutdown halts tentative merger

Posted at 03:33h in Canada

Flair Airlines chief executive Stephen Jones says he still hopes to add several Lynx Air planes to his fleet, even after their tentative merger fell through when Lynx shut down last month.In a phone interview, Jones said the Boeing 737 Max 8s are the same...

06 Mar Hong Kong stocks in firm start lifted by tech sector ahead of JD.com earnings, caution prevails over lack of China stimulus

Posted at 02:53h in Asia

Hong Kong stocks rose, led by the tech sector which was lifted by e-commerce giant JD.com’s sharp gains ahead of its earnings report, but sentiment was cautious as investors were disappointed by the lack of any major stimulus announcement at China’s annual parliamentary meeting.The Hang...

06 Mar Apple’s China sales plunge by a quarter in first 6 weeks as resurgent Huawei steals the show, according to Counterpoint

Posted at 01:00h in Asia

Apple’s iPhone sales in China fell by nearly a quarter in the first six weeks of 2024 year on year, in the latest sign that the US smartphone giant is losing more ground in the country to a resurgent Huawei Technologies, according to data from...

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