News for nerds
Apple Inc (AAPL.O) has asked suppliers to ensure that shipments from Taiwan to China comply with the latter’s customs regulations to avoid them from being held for scrutiny, according to a Nikkei report on Friday. Sino-U.S. trade tensions have escalated Read more
AngloGold Ashanti’s (ANGJ.J) CEO expects inflationary pressures to ease next year, he said on Friday after the miner joined rivals in reporting a hit to half-year profit and forecast that costs would be at the top end of guidance this Read more
U.S. bond funds recorded their biggest weekly purchase in eleven months in the week to Aug. 3 on expectations that slowing growth would prompt the Federal Reserve to slow down the pace of its rate hikes to aid the economy. Read more
Russian stocks are expected to decline in August as investors from so-called “friendly” countries, a fraction of foreign investment power, return to the unchartered waters of an equity market now offering huge risks and insufficient transparency. Foreign investors have not Read more
Germany wants European Union rules on member states’ debt to be enforced more rigorously, government sources said on Friday, setting out reforms sought by Berlin. The rules must be more clearly defined instead of setting unattainable goals that are open Read more
Shares of Jack Dorsey-led Block Inc (SQ.N), a digital payments firm that has bet big on bitcoin, declined nearly 7% in premarket trading on Friday after the company reported a loss in quarterly results on waning interest in cryptocurrencies. The Read more
Technology companies, crypto exchanges and financial firms are cutting jobs and slowing hiring as global economic growth slows due to higher interest rates, red-hot inflation and an energy crisis in Europe. In a sign of a tough second half of Read more