Sebastian Hou, Taiwan senior investment analyst at Neuberger Berman, discusses US House Speaker Nancy Pelosi’s visit to Taiwan, the impact the visit will have on the semiconductor industry and China’s export ban on sand. He speaks on Bloomberg Television. ——– Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: https://www.bloomberg.com […]
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The UK economy rebounded in May after shrinking in April and March, official figures show. The economy grew by 0.5% during the month, the Office for National Statistics (ONS) said, higher than the flat growth most economists expected. Every area of the economy expanded including construction, travel and manufacturing. However, businesses reported that higher running […]
House prices are continuing to rise despite the growing cost of living crisis. The Nationwide said prices climbed 11% in the last 12 months, although the rise over the last month was just 0.1%. “The housing market has retained a surprising degree of momentum,” said Robert Gardner, Nationwide’s chief economist. But he said that there […]
Toyota has threatened to stop manufacturing in the UK if the government goes ahead with its plans to ban the sale of hybrid cars from 2030. The marquee told government officials the ban would constrain “manufacturing, retail and other business activities” as well as “future investment.” “If the government adopts an SZEC [significant zero emission […]
The UK government’s Insolvency Service today said it recorded a higher number of insolvencies over the past three months than at any other point in more than a decade, after the numbers of companies declaring voluntary bankruptcies hit their highest levels since records began. The past three months saw a total of 5,629 English and […]
LONDON — Oil slipped on Tuesday as investors absorbed a bleak outlook for fuel demand with data pointing to a global manufacturing downturn just as OPEC+ producers meet this week to decide whether to increase supply. Read More
The British pound weakened against the dollar and euro on Tuesday as traders turned to safe-haven currencies amid rising U.S.-China tensions over Taiwan, with traders looking ahead to a Bank of England policy meeting this week. Read More
European shares fell on Tuesday as weak global factory data fanned economic slowdown fears, while markets were on edge as U.S. House of Representatives Speaker Nancy Pelosi was expected to visit Taiwan. Read More