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British sales fell due to a maintaining trade war between China and the United States. The IQE, a semiconductor wafers maker, reports new deals with customers from Asia. They may supply chains and provide bigger volumes. IQE which products are prefered by Apple Inc, worried its revenues in 2019 would be less than the forecasts. Company leaders suggest that the main problem is the U.S.-China relations. The U.S. restricted Huawei from getting American goods in May being afraid of Beijing’s spying. This strengthened the tensions between two countries. IQE also reported that that global supply chains will be redeveloped around the world. The company’s representatives also said it had got orders from the large Asian client for new supply chains for a type of transistor.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
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