The administration of US President Donald Trump is challenging China's access to high-tech supply chains in Taiwan, thereby indirectly influencing China's influence on the island. U.S. President Donald Trump's administration wants to block access to China's high-tech supply chains. U.S. President Donald Trump's administration has challenged China over the years in terms of trade and technology, forcing China to sign a first phase agreement. Recently, the US continues to escalate trade tensions, even reaching the red line. That is the impact on China's business relationship in Taiwan, according to the New York Times. One of the world's leading computer chip manufacturers, Taiwan Semiconductor Manufacturing Company (TSMC) announced the construction of a factory in Arizona, moving the supply chain to the United States. Not only that, the US Department of Commerce "fired" to block the supply of semiconductors from global chipmakers for Huawei Technologies of China.
VEIL is estimated to have disbursed nearly US $ 38 million in the market during the week of May 14-21, bringing the fund's cash proportion to its lowest level in two months. Vietnam Enterprise Investments Limited (VEIL) - the largest investment fund managed by Dragon Capital with a portfolio of 1.3 billion USD - has just announced its performance in the week of May 14-21. The most noticeable figure is that the ratio of cash to value of managed assets of VEIL has decreased to 3.32%, the lowest level in nearly two months. Accordingly, the cash size on May 21 was about 42 million USD, down 37.78 million USD from May 14.
After Trump threatened to cut economic ties with China, White House economic adviser Larry Kudlow said the US-China trade agreement remained. On Friday, National Economic Council Director and White House economic adviser Larry Kudlow said the US and China are still working hard to implement the first-phase trade agreement reached in the month. 1/2020. When asked whether the deal would collapse, he answered "Absolutely not". Kudlow's reassuring statement came a day after US President Donald Trump expressed frustration with how China handled Covid-19 and could retaliate by cutting off economic ties with the country completely.
Chinese still prefer American goods, and American businesses do not want to ignore the huge consumer market, despite Covid-19 and the trade war. Last weekend, the Popeyes Louisiana Kitchen fast food chain opened a store in Shanghai. Hundreds of people lined up outside, ignoring the advice of social spacing during the epidemic to get their hands on these American-branded chicken sandwiches. Popeyes plans to open up to 1,500 facilities in China. "Chinese people still like American goods," said Oliver Kong (18 years old) - one of the people waiting in line outside, "I like McDonald’s, but I also want to try a new name."
With GDP declining for two consecutive quarters, Japan is now the world's largest economy in recession, mainly because of Covid-19. Preliminary Japanese data released this morning showed that the country's GDP fell by 3.4% in the first quarter. Both personal consumption, capital expenditure and exports fell. Japan's GDP has gone down for 2 consecutive quarters, causing the country to fall into a technical recession for the first time in nearly 5 years. A few days ago, Germany also announced its first-quarter GDP decline, suffering the same recession as Japan.
Covid-19 was a 'glass of water' that made Thai Airways difficult to sink deeply, leading to the possibility of bankruptcy of this airline. Thai Finance Minister Uttama Savanayana said Thai Airways International (THAI) filing for bankruptcy would be an option to rebuild the country's flag carrier. The reinstatement plan for Thai Airways may be approved by the Thai Business Policy Committee and the cabinet, or through a Bankruptcy Court ruling if the bankruptcy option is chosen.
Singapore imposes a tax of up to 20%, while New Zealand prohibits foreigners from buying houses to stabilize the domestic market and secure homes for citizens. In July 2018, just a few days after official data showed that private house prices peaked for 4 years in the second quarter, the Singapore Government announced an additional 5% tax increase, up to 12% - 15% for citizens and permanent residents when buying a second home here. Foreigners, no matter how many units they own, will have to pay a 20% tax, up from 15% previously.
Gold prices peaked in nearly 8 years, silver peaked in two months on fears of gloomy economic data and the possibility of a second Covid-19 outbreak. Each ounce of gold delivered in June rose to 1,756.3 USD - the highest level since the end of 2012. Meanwhile, the spot gold price also approached the threshold of 1,750 USD, up 2% in the week. Silver also had recent spikes, reaching more than $ 16.62 per ounce, up nearly 40% from the bottom in early March and approaching the highest price zone in more than two months.
DJIA increased nearly 4%, thanks to Fed Chairman Jerome Powell's comment and positive information from the Covid-19 vaccine test. Ending session 18/5, the Dow Jones industrial index increased by 911.95 points (3.9%) to 24,597 points. S&P 500 added 3.2% to 2,953.9 points - the highest level since March 6. Meanwhile, Nasdaq Composite exceeded 2.4% compared to the reference to 9,234.8 points. Both the Dow Jones and S&P 500 recorded the strongest gains since the beginning of April, while the Nasdaq Composite also traded the most since April 29.
(Asia) - In the top of the world's international airports voted by Skytrax, Asia has up to 5 international airports at the top of the table. The survey results are based on votes of 13.73 million guests worldwide. Recently, the system of Skytrax World Airport Awards 2018 has announced the results of surveys on criteria of airports around the world. Specifically, Singapore's Changi Airport for the 6th consecutive year was voted the best airport in the world. It can be said that this is also the first time in history, an international airport has maintained the title of "highest" so long.