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America’s Roundup: Dollar dips as Powell testimony disappoints hawks, Wall Street ends lower, Gold steadies, Oil rallies as grain markets tighten, dollar falls on Fed Chair comments

Jun 22, 2023 00:21 am UTC| Market Roundups Economy

Market Roundup Canada Apr Core Retail Sales (MoM) 1.3%,0.4% forecast,-0.3% previous Canada Retail Sales (MoM) 1.1%,0.2% forecast,-1.4% previous Canada May New Housing Price Index (MoM) 0.1%,0.0%...

China Three Gorges Corp Launches Innovative 45-MW Solar PV on Chicken Farms, Forms Green PPA with Air Liquide

Jun 21, 2023 10:13 am UTC| Nature Economy Business

China Three Gorges Corp (CTG) has unveiled a pioneering 45-MW solar photovoltaic (PV) installation project situated atop poultry farms in Guangze County, Fujian province. The project replaces traditional panels with 11...

CJ Logistics Boosts Global Presence With Strategic Partnerships, Expanding Services in Asia

Jun 21, 2023 09:56 am UTC| Economy Business

South Korean powerhouse, CJ Logistics Corp., solidifies its global standing by partnering with four leading shipping companies to expand its integrated logistics services across Asia. In the last eight months alone, the...

Eli Lilly Acquires Dice Therapeutics in $2.4B Deal, Boosts Immunotherapy Lineup

Jun 21, 2023 09:51 am UTC| Business Economy

Eli Lilly and Company has acquired biopharmaceutical firm Dice Therapeutics for $2.4 billion, fortifying its position in immune-related disease treatments. The strategic move expands Lillys portfolio with Dices...

YouTube Launches First Live Shopping Channel in South Korea in E-commerce Push

Jun 21, 2023 09:46 am UTC| Life Economy Business

Expanding its e-commerce footprint, YouTube is launching its inaugural live shopping channel in South Korea. The novel initiative, set to begin later this month, will feature approximately 30 brands on a live-commerce...

Lotte Biologics, Incheon Government Forge $3B Deal to Develop Mega Biotech Production Facilities in Songdo

Jun 21, 2023 09:38 am UTC| Business Economy

Lotte Biologics unveiled a landmark $3 billion partnership with Incheons city government, Lotte Corporation, and Incheon Free Economic Zone (IFEZ) to establish major biotech production plants in Songdo. This monumental...

Suzuki, SkyDrive Venture Into eVTOL Production, Aiming to Revolutionize Air Travel

Jun 21, 2023 09:03 am UTC| Life Economy Business

In a trailblazing move, Suzuki Motor Corp and SkyDrive Inc have announced a joint venture to produce electric vertical take-off and landing (eVTOL) aircraft, often referred to as flying cars. Starting in spring 2024,...

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Economy

Gold Prices Retreat After Record Highs as Geopolitical and Fed Concerns Ease

Gold prices declined during Asian trading on Thursday, pulling back from three consecutive record-high sessions as easing geopolitical tensions and reassurance over U.S. monetary policy reduced safe-haven demand. Spot gold...

Asian Currencies Trade Flat as Yen Weakens on Election Fears and Won Retreats After U.S. Support

Most Asian currencies traded near flat levels on Thursday as investors remained cautious amid mixed political and monetary signals from both the region and the United States. The Japanese yen hovered near 18-month lows,...

South Korea Central Bank Signals End to Rate Cuts as Won Weakens

South Koreas central bank has signalled a potential end to its current easing cycle after keeping its benchmark interest rate unchanged at 2.50% in its first policy meeting of the year, prioritising financial stability as...

Yen Near 18-Month Lows as Election Risks and Intervention Fears Keep Markets on Edge

The Japanese yen stabilized near 18-month lows on Thursday, as investors remained cautious about the risk of currency intervention following strong verbal warnings from Japanese officials ahead of a snap national election....

Bank of Japan Likely to Delay Rate Hike Until July as Economists Eye 1% by September

The Bank of Japan (BOJ) is expected to hold off on raising interest rates until at least July, according to a majority of economists, as policymakers assess the impact of recent tightening on Japans fragile economic...

Politics

Trump Says He Has No Immediate Plans to Fire Fed Chair Jerome Powell Amid DOJ Probe

U.S. President Donald Trump said on Wednesday that he currently has no plans to remove Federal Reserve Chair Jerome Powell, even as the Department of Justice has reportedly threatened the central banker with a criminal...

US Senate Delays Crypto Regulation Bill After Coinbase CEO Raises Concerns

The United States Senate Banking Committee has postponed a planned discussion on new cryptocurrency regulation legislation following public opposition from Coinbase CEO Brian Armstrong. The delay highlights ongoing...

Trump Delays Tariffs on Critical Minerals, Seeks Global Supply Deals to Protect U.S. Security

U.S. President Donald Trump has decided, for now, not to impose tariffs on rare earths, lithium, and other critical minerals, choosing instead to pursue international negotiations aimed at securing stable supplies. The...

Federal Judge Blocks Trump Administration From Cutting $80 Million in Minnesota SNAP Funding

A federal judge on Wednesday temporarily blocked the Trump administration from withholding roughly $80 million in federal funding used to administer Minnesotas Supplemental Nutrition Assistance Program (SNAP), commonly...

Japan Firms Warn Economic Risks as China Ties Fray and BOJ Tightens Policy

More than two-thirds of Japanese companies believe the domestic economy will suffer as relations with China continue to deteriorate, according to a recent Reuters survey conducted by Nikkei Research. Nearly half of the...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Technology

xAI Restricts Grok Image Editing After Sexualized AI Images Trigger Global Scrutiny

Elon Musks artificial intelligence company xAI announced new restrictions on its Grok AI chatbot after the platform generated sexualized and manipulated images that raised alarms among regulators worldwide. The move comes...

TSMC Set to Post Record Q4 Profit as AI Chip Demand Accelerates

Taiwan Semiconductor Manufacturing Co (TSMC), the worlds largest contract chipmaker and a critical supplier to Nvidia and Apple, is expected to deliver a record-breaking fourth-quarter profit, driven by surging global...

U.S. Lawmakers Raise Alarm Over Trump Approval of Nvidia AI Chip Sales to China

U.S. lawmakers and former national security officials are voicing strong concerns over President Donald Trumps decision to allow Nvidia to resume sales of its advanced H200 artificial intelligence chips to China, warning...

Taiwan Issues Arrest Warrant for OnePlus CEO Over Alleged Illegal Recruitment Activities

Title: Taiwanese prosecutors have issued an arrest warrant for Pete Lau, the chief executive officer of Chinese smartphone maker OnePlus, accusing him of involvement in illegal business operations and recruitment...

Zhipu AI Launches GLM-Image Model Trained on Huawei Chips, Boosting China’s AI Self-Reliance Drive

Chinese artificial intelligence startup Zhipu AI has unveiled a new open-source image generation model, marking a significant milestone in Chinas push for technological self-reliance. The model, called GLM-Image, was...
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