Breaking News
Nov 26, 2022
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iPhone shipments fell 17% to 8.4 million in October from Henan province, China's customs data showed. Foxconn's complex is based in its capital city Zhengzhou.
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Crude oil prices are set to rise as the EU embargo of Russian oil shipped by sea tankers is set to take effect on December 5.
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Protest riots broke out in Urumqi, the capital of the western province Xinjiang in China after a fire in a residential complex killed 10 people on Thursday.
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The U.S. non-farm payrolls are expected to increase at least 200,000 in October, the JOLT report on Nov 30 is expected to show.
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The PCE Price Index is estimated to rise 6.3% in October, the U.S. Bureau of Economic Analysis report is estimated to show on December 1.
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Tesla recalled 80,000 cars in China to fix seat-belt and software issues, expanding it string of recent recalls in the U.S.
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China expanded strict lockdowns in more areas, covering regions contributing to 20% of economic activities from less than 10%.
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The European Union diplomats delayed by a week its controversial Russian crude oil price-cap decision to between $65 and $70 a barrel.
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The People's Bank of China lowered its bank reserve ratio by 25 basis points to a weighted average ratio of 7.8%, freeing as much as $70 billion in capital.
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China said rising Covid infections in 23 provinces and 7 large regions in dense urban areas with Beijing, Chongqing and Guangzhou, hit the hardest.
Nov 25, 2022
Nov 24, 2022