South Korea Current Account Tops 32-Month High
South Korea’s current account has reached its biggest surplus in more than two years.
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Goldman and Citi Predict More Gains for SK Hynix
The value of shares of South Korean company SK Hynix Inc., which is the main supplier to US Nvidia Corp., has shown growth of more than 90% over the past year, but according to Wall Street analysts, this impressive result is not the limit to the upward trajectory of the Asian firm, due to which […]
China’s Demographic Situation Causes Economic Headwinds
China’s economic system, which is the second largest in the world, is currently in some sense struggling to recover amid a prolonged downturn in the local real estate sector and after a difficult period of the coronavirus pandemic, but this is not the whole list of problems on the path to the positive dynamic of […]
SoftBank Stock Hits Record High
The value of shares of the Japanese SoftBank Group reached an all-time high on Thursday, July 4.
Foxconn to Invest $551 Million in Vietnam
Foxconn, Apple’s Taiwan-based supplier, plans to invest about $551 million in two new projects in Vietnam’s northern coastal province of Quang Ninh.
Apple Reportedly Gets Observer Seat on OpenAI Board
The media reported that Apple will take an observer position on the board of directors of OpenAI.
China Leads Generative AI Patents Race
China has significantly outperformed other countries in the area of inventions using artificial intelligence, including such as chatbots.
Calastone Says UK Investors Buy $14.5 Billion of Stocks This Year
Data from the Calastone fund network shows that in the United Kingdom, investors added a record 11.4 billion pounds ($14.5 billion) to private equity funds in the first six months of the current year.
Jerome Powell Says About Bit of Progress on Inflation
On Tuesday, July 2, Federal Reserve Chairman Jerome Powell expressed his satisfaction with Washington’s progress to date in implementing efforts to counter inflation over the past year.
Euro-Area Inflation Eases to 2.5%
On Tuesday, July 2, the statistical agency of the European Union released information according to which headline inflation in the eurozone fell to 2.5% last month.
China Faces Risks Amid Bond Market Bubble
Currently, there is a tendency in China, in which money flows rush into government bonds, the consequences of which are circumstances such as a sharp increase in the price index of these emission securities and a simultaneous drop in their yields to a level corresponding to a record low.
French Antitrust Regulator Reportedly Targets Nvidia
The media reports that charges will be filed in France against the US developer of chips Nvidia for violating antitrust laws.
Revolut CEO Demonstrates Optimism About UK Bank License Approval
The head of Revolut, a financial technology industry giant based in the United Kingdom, Nikolay Storonsky, said he was optimistic about the prospects that this company would receive a banking license from the UK authorities.
Basware Announces Integration With Amazon Business
Basware, a provider of solutions designed for accounts payable automation and procurement, announced integration with Amazon Business.
Physical Cards Drive Passwordless Future
Adam Lowe, chief product and innovation officer at metal premium card issuer CompoSecure, whose digital security platform Arculus streamlines digital authentication processes and secures digital assets while talking to the media, said that the traditional physical card can become a hands-free conduit for seamless trading.
State Bank of India Rolls Out Web-Based Invoice Financing Solution
The State Bank of India has launched a web-based invoice financing solution for microbusinesses and small and medium-sized businesses.
