Wang Yi of the Blinken Conference Stresses the Importance of Peace in the Taiwan Strait
U.S. Secretary of State Antony Blinken held a bilateral meeting with Chinese State Councilor and Foreign Minister Wang Yi on the sidelines of the United Nations General Assembly on Friday (23rd), the first since the two met at the G20 (G20) foreign ministers meeting in Indonesia in July. During the first meeting, Blinken emphasized to Wang Yi that it is crucial to maintain peace and stability in Taiwan.Read the full article…
Chip demand worsens, everyone is correcting inventory
AMD (AMD-US) closed down more than 2 percent on Friday, as Morgan Stanley analysts see AMD’s performance as a particular concern during tough times for the chip industry.Read the full article…
Powell says U.S. economy will enter ‘new normal’ without mentioning interest rates, economic outlook
The U.S. economy may enter a “new normal” after disruptions from the coronavirus pandemic, Federal Reserve Chairman Powell said in a speech Friday at a “Fed Listens” panel. (New Normal), and will continue to deal with a series of unusual disturbances. But Powell did not address the outlook for interest rates in his speech, nor did he provide further details on the economic outlook.Read the full article…
UK faces currency crisis, Citi estimatesGBPMay fall to par with the dollar
Britain on Friday (23rd) sacrificed a value of 45 billionGBPAfter the tax cuts,GBPThe exchange rate against the US dollar has depreciated by more than 3%, setting a new low in 37 years. Market analysts said that the UK faces the risk of a currency crisis, which is likely to lead toGBPFor the first time in history, the exchange rate against the US dollar has reached parity,GBPIts all-time low was near $1.05.Read the full article…