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Japan will join hands with member states to respond to China’s application to join the CPTPP

According to Japanese media news, regarding China’s formal application to join the Trans-Pacific Partnership Agreement (CPTPP), relevant Japanese ministers have spoken on the 17th and said they will cooperate with other member states to respond. In a press conference after the cabinet meeting, the head of economic regeneration and economic regeneration who served as the […]

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Oil Slides as Futures Curve Signals Easing Demand

Brent crude oil is down 2.5% at $68.99 a barrel and WTI futures are down 2.6% at $66.49 a barrel as concerns over the impact of the Delta variant of the coronavirus on oil demand continue to intensify. The premium Brent contracts for future months have compared with nearer months is becoming less pronounced, signaling […]

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China’s FX Reserves Likely Edged Up in July, WSJ Poll Shows

China’s foreign-exchange reserves likely rose modestly in July, according to a WSJ Poll. The median forecast of the economists surveyed tips FX reserves at $3.225 trillion at the end of July. That compares with $3.214 trillion in June. Economists expect that capital inflows offset the effect of the dollar’s appreciation, which depreciated other currencies in […]

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China Huawei Reports 38% Revenue Drop as U.S. Sanctions Bite

China’s Huawei Technologies Co. reported a 38% fall in quarterly revenue Friday, as the damage U.S. sanctions have done to its sales of smartphones and telecommunications equipment worsened. The drop marks the third straight decline in quarterly revenue for Huawei, the world’s largest maker of telecom equipment and formerly one of the world’s biggest smartphone […]

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Canada Posts Trade Surplus in June

Canada posted its largest merchandise trade surplus in more than a decade in June because of a sharp jump in exports. Statistics Canada said Thursday that Canada recorded a goods-trade surplus of 3.23 billion Canadian dollars, or the equivalent of $2.58 billion. Market expectations were for a C$550 million deficit, according to economists at TD […]

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Foxconn to Buy Semiconductor Manufacturing Facility

Foxconn Technology Group, the world’s biggest electronics contract manufacturer, said that it would acquire a semiconductor manufacturing facility, taking the company deeper into the chip business at a time of unprecedented global strain. Foxconn, best known as the largest assembler of Apple Inc. iPhones, said Thursday that it would buy the Taiwan-based plant, which manufactures […]

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