A Democratic sweep in the coming U.S. elections will likely unleash more fiscal stimulus, but it could also cause the Federal Reserve to hike interest rates earlier than expected, said a Morgan Stanley portfolio manager.
Chinese technology companies including Huawei Technologies Co. have expressed strong concerns to local regulators about Nvidia Corp.’s proposed acquisition of Arm Ltd., people familiar with the matter said, potentially jeopardizing the $40 billion semiconductor deal.
China's top ride-hailing firm Didi Chuxing is considering Hong Kong for a multibillion-dollar initial public offering (IPO) next year, people with knowledge of the matter said, rethinking previous aims to list in New York amid rising Sino-US tension.
The IMF held a virtual panel that discussed digital currencies and cross-border payments on Monday morning. The panel was hosted by the IMF managing director in Washington, DC, Kristalina Georgieva, and the Federal Reserve Chair Jerome Powell participated. Reports note that Powell talked about the impact of a U.S.-issued CBDC and how it could affect financial stability.
Brazilian President Jair Bolsonaro is considering barring Huawei from supplying equipment to the country's upcoming 5G network, regarding China as a global threat in terms of data privacy and sovereignty, Bloomberg citing a senior Brazilian cabinet member.
Japan’s cabinet decided on Friday to tap emergency budget reserves worth 549 billion yen ($5.2 billion) to support supply chains and farmers and provide job subsidies to cushion the impact of the COVID-19 pandemic, the Ministry of Finance said.
Singapore and Hong Kong will reveal they've reached a preliminary agreement on a travel bubble that may exempt residents of both cities from quarantining or stay-at-home notices, the South China Morning Post (SCMP) reported Thursday, citing people it didn't identify.
China’s factory gate prices fell at a faster-than-expected pace in September and consumer inflation slowed to its weakest in 19 months, underscoring the challenges still facing China as it recovers from the COVID-19 pandemic.
Chinese President Xi Jinping on October 14 attended a ceremony in south China's Shenzhen City to mark the 40th anniversary of the city being designated as China's first special economic zone. In his speech, Xi stressed that Shenzhen should resolutely uphold the new vision on development, and China must move forward with supply-side reform to meet domestic needs.
McAfee Corp. (“McAfee” or the “Company”) today announced that it has commenced an initial public offering of 37,000,000 shares of its Class A common stock, with 30,982,558 shares being offered by the Company and 6,017,442 shares being offered by existing stockholders pursuant to a registration statement filed on Form S-1 with the Securities and Exchange Commission (the “SEC”).