The Federal Reserve has warned central bank digital currencies might one day replace commercial banks, creating “a deposit monopolist” and playing “havoc” with the … ( read original story …)
Monthly Archives For June 2020
China stocks gain as dismal trade data fuels stimulus hopes
China stocks ended higher on Monday as poor domestic trade data reinforced hopes for further policy stimulus to shore up the coronavirus-stricken economy. ( read original story …)
Ericsson to Take $109 Million Hit as China Assets Written Down
Ericsson AB will need to write down assets related to its business in China, resulting in a 1 billion krona ($109 million) hit to the Swedish telecoms giant. ( read original story …)
The supply chain shift out of China has further to go: Investor
Marc Dragon of Reefknot Investments discusses the challenges to global supply chains posed by Covid-19 and U.S.-China trade tensions, and the ongoing reshoring of operations away from China. He says … ( read original story…
Ericsson flags margin headwind over China 5G contracts, takes $108 million charge
Ericsson’s second-quarter results will take a hit of about 1 billion crowns ($108.8 million) due to write-downs of product inventory in the Chinese market, the Swedish company said on Monday. The … ( read original…
Ericsson Strengthens its Position in China and Writes Down Assets
As previously announced Ericsson (NASDAQ: ERIC) has increased its footprint in China through 5G contract awards from all three major operators in China. The strengthened market position is strategical … ( read original story …)
Ericsson Sees Negative Q2 Margin In China; Maintains Group Targets For 2020, 2022
(RTTNews) – Ericsson (ERIC) announced Monday that it has maintained financial targets for 2020 and 2022. The company noted that it has increased its footprint in China through 5G contract awards from … ( read…
India is forging closer ties with the U.S. as China rises: Eurasia Group
India has been building its defense relationship with the U.S. to secure a “free and open” Indo-Pacific region as China’s global rise poses a growing threat to its borders, says Akhil Bery of Eurasia ……
China says U.S. Senator Scott should present evidence of COVID-19 wrongdoing
China said on Monday that U.S. Senator Rick Scott should present the evidence for his accusation that Beijing is trying to slow down or sabotage the development of a COVID-19 vaccine by western … (…
Top Companies Choose Zhejiang,China
This is an official voice from Chevron China, which recently announced a donation of 2 million RMB to the China Women’s Development Foundation to assist China in the fight against the epidemic. From a ……
China’s economic recovery could be ‘very impressive’ — but the U.S. stands in the way, Deutsche Bank says
The U.S. is reopening “too soon,” which could trigger another wave of coronavirus infections and further rounds of lockdown, said Michael Spencer, Deutsche Bank’s chief economist and head of research … ( read original story…
Oil prices extend gains on OPEC+ cuts, record China imports
Oil crept higher on Monday, but gave up big early gains as optimism over major crude producers’ deal to extend record output cuts gave way to disappointment that the accord didn’t extend beyond the ……
India and China agree to ‘peacefully resolve’ border tensions
That followed after military commanders from both sides met on Saturday in Chushul, a village in the Leh district of Ladakh, near the disputed border. ( read original story …)
