Foxconn’s unauthorized chip investment faces backlash; fine in tow
On Friday, it was unveiled that tech beast Foxconn had invested in a Chinese chip conglomerate out of their own accord and without regulatory approval from the authorities. Taiwanese government might set similar powerhouses as an example by fining them up to T$25 million ($835,600). Being the world’s most in-demand electronic product manufacturer, Foxconn being […]
ESG investing thrown into first large-scale trial period by Bear Market
ESG—or environmental, social, and corporate governance investments have tied up a total of $35 trillion, riding on the shoulders of a steady pace in stocks that were in service until the start of 2022, and from 2009. In these times when based on these principles, going home with profits is no longer a guaranteed task, […]
Yellen and Suzuki clasp hands and aim for economic peace
After Russia imposed an invasion on Ukraine in the latter days of February, the impact of the war was severe on most major economies—some who faced direct contact in the crossfire were the U.S. and Japan. As a solution garnered on Tuesday for a little boost to their respective growths, Shunichi Suzuki, the Japanese Finance […]
Bank of Korea to see rate spike by milestone 50 bps; polls talk
On Wednesday, SK’s central bank will drop a 50-basis point rate hike to 2.25%, marking it as the first of its kind. The Bank of Korea (Bok) countered the inflation rise of 6.0% in June, after being one of the first-ever central banks to raise interest rates as a countermeasure in August last year, and […]