Chinese quieter blooming demand for pricier Nvidia AI chips
When you visit the renowned Huaqiangbei electronics area in Shenzhen, China, you’re likely to find a variety of shops in the SEG Plaza skyscraper offering a wide range of electronic components, including camera parts and drones. While high-end U.S. chips are not openly advertised, discreet inquiries can lead you to vendors who specialize in them. […]
Argentina is muted; IMF discuss ways to dodge debt strike
Argentina and the International Monetary Fund (IMF) are faced with a challenging situation involving a $44 billion debt deal. The two parties are scheduled to hold crucial discussions aimed at restructuring the country’s substantial debt, which is essential to prevent a default on upcoming debt payments amounting to billions. Argentina, a country known for its […]
Stock rally slips, Powell pinned under stare for new moves
Global stocks drifted on Monday, consolidating recent gains after reaching a 14-month high the previous week. Investors were eagerly anticipating testimony from U.S. Federal Reserve Chair Jerome Powell in a market heavily influenced by monetary policy speculations. The impact of inflation includes eroding purchasing power, higher production costs, and potential challenges for businesses and consumers […]
Chinese lithium hotspot: mining season takes a bite of the price
Nested in the picturesque region of Yichun in southern China, the Baishi Huashan lithium mine has become a bustling hub for the burgeoning electric vehicle battery industry. As China strives to reduce its reliance on lithium imports, Yichun, known for its lithium-rich deposits, has emerged as a key player in the country’s quest for self-sufficiency. […]
Chinese markets slip recently, aiding worry for more backup
China’s economy experienced a setback in May as both industrial output and retail sales growth fell short of expectations. This has raised concerns that the Chinese government will need to take additional measures to support the fragile post-pandemic recovery. The strong economic rebound witnessed earlier this year has lost momentum in the second quarter, prompting […]