SINGAPORE: Retail sales grew for the second consecutive month in March, up by 6.2 per cent year-on-year compared to the revised 5.3 per cent in February. Excluding motor vehicles, sales went up by 4.4 per cent in March compared to 7.8 per cent in February. On a year-on-year basis, sales across...
TAIPEI: Taiwan Semiconductor Manufacturing Company (TSMC) is planning to build several more chipmaking factories in the US state of Arizona beyond the one currently planned, three people familiar with the matter told Reuters. TSMC, the world's largest contract chipmaker, announced in May 2020 that ...
The US Treasury Secretary suggested earlier that interest rates may need to rise slightly to keep the economy from overheating. Those remarks sent stock prices down with the declines led by tech shares.
US interest rates may have to increase "somewhat" to keep a lid on inflation if President Joe Biden's latest spending proposals are enacted and the economy heats up, Treasury Secretary Janet Yellen said on Tuesday (May 4).
Many hoped the pandemic would end proprietary science and patent-based market monopolies. That hope has since faded, says Kaushik Basu.
Pfizer on Tuesday (May 4) raised its forecast for 2021 COVID-19 vaccine sales by more than 70 per cent to US$26 billion and said demand from governments around the world fighting to halt the pandemic could contribute to its growth for years to come.
US Trade Representative Katherine Tai said on Tuesday (May 4) that making vaccines more widely available throughout the world is needed to end the coronavirus pandemic and foster economic recovery.
The European Commission said on Tuesday (May 4) that efforts to win approval for the EU's massive investment deal with China were effectively "suspended" given the soured diplomatic relations between both sides after tit-for-tat sanctions.
The United States is pressuring Taiwanese semiconductor manufacturers to allocate some of their supply to American automakers grappling with a shortage of the crucial components, US Commerce Secretary Gina Raimondo said on Tuesday (May 4).
Hyundai is recalling more than 390,000 vehicles in the US and Canada for two problems that can cause engine fires. In one recall, owners are being told to park their vehicles outdoors until repairs are made.
