Saturday , November 23 2024

Recent Posts

Asia shares slip, Fed flags higher rates for longer

Asia shares slip, Fed flags higher rates for longer

Asian share markets slid on Thursday after the U.S. Federal Reserve laid the groundwork for a protracted tightening campaign that torpedoed market hopes for a pause, sank bonds and lifted the dollar. Investors were initially cheered that the Fed opened the door to a slowdown in the pace of hikes …

Read More »

China imposes fresh lockdown around major Apple iPhone plant

China imposes fresh lockdown around major Apple iPhone plant

China ordered an industrial park that houses an iPhone factory belonging to Foxconn to enter a seven-day lockdown on Wednesday, in a move set to intensify pressure on the Apple supplier. The Zhengzhou Airport Economy Zone in central China said it would impose “silent management” measures with immediate effect, including …

Read More »