SHANGHAI / SHENZHEN, China (Reuters) – Huawei Technologies Co. [HWT.UL] will stop making its flagship Kirin chipsets next month, financial magazine Caixin said on Saturday as U.S. influence on the Chinese tech giant grows. FILE PHOTO: A logo of the company Huawei is seen at Shenzhen International Airport in Shenzhen …
Read More »Huawei to Stop Making Flagship Chipsets as US Pressure Bites in, Chinese Media Says
SHANGHAI / SHENZHEN, China (Reuters) – Huawei Technologies Co [HWT.UL] It will stop making its flagship Kirin chipsets next month, financial magazine Caixin said on Saturday, as the impact of US pressure on the Chinese tech giant mounts. FILE PHOTO: The Huawei company logo is seen at Shenzhen International Airport …
Read More »GLOBAL MARKETS: Asian stocks will increase with Fed policy, the dollar reaches the minimum in two years
NEW YORK, July 29 (Reuters) – Asian stocks were due to follow an optimistic Wall Street session on Thursday after the Federal Reserve kept interest rates at very low levels, while the US dollar fell to a low of two years. The Fed on Wednesday repeated a promise to use …
Read More »Gold peaks, more precious as the dollar loses value
SYDNEY (Reuters) – Gold hit record highs on Tuesday before the sheer size of its earnings sparked a profit-taking explosion, which in turn helped the dollar from two-year lows and curbed initial capital gains. FILE PHOTO: Gold bars are stacked in the safe deposit room of the Pro Aurum Gold …
Read More »Gold shoots up to $ 2,000 as Fed stimulus sinks the dollar
SYDNEY (Reuters) – Gold rocketed to record highs of $ 1,975 on Tuesday, while the US dollar fell to two-year lows as investors betting on the Federal Reserve would reaffirm its super easy political outlook this week, and a tolerance to higher inflation. FILE PHOTO: Gold bars are stacked in …
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