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A major aluminium producer has proposed a 14% hike in premiums for primary aluminium shipments to Japan for the April-June quarter. The suggested premium now stands at $260 per metric ton, compared to $228 in the previous quarter, sources familiar with the negotiations reported. This increase reflects growing uncertainties around supply dynamics in the global aluminium market. Japan plays a crucial role as one of Asia’s leading importers...
The value of the U.S. dollar has sharply declined over the past few days, hitting its lowest point in nearly four months against the euro. The dollar has also weakened against other major currencies. By Wednesday, the exchange rate had climbed from 1.038 dollars per euro to over 1.07 dollars per euro, marking a 3% decrease in the dollar’s value in just a few days. Economic instability in...
Samsung Electronics has partnered with Amazon Web Services (AWS) to showcase the application of AI in radio access networks (RAN) at the Mobile World Congress (MWC) in Barcelona, Spain. This collaboration features the Samsung CognitiV Network Operations Suite (NOS) Copilot, an advanced AI assistant integrated within Samsung’s automation platform. Utilizing Amazon Bedrock, a managed service for building and scaling generative AI applications, the Samsung CognitiV NOS Copilot streamlines...
China announced import tariffs on $21 billion worth of U.S. agricultural and food products, including soybeans, wheat, meat, and cotton. The companies affected by the suspension are CHS Inc., Louis Dreyfus Company Grains Merchandising LLC, and EGT. According to China’s customs department, the suspensions were due to the detection of ergot and seed coating agents in U.S. soybeans and pests in U.S. logs. This action follows U.S. President...
Taiwan Semiconductor Manufacturing Company (TSMC) has unveiled plans to invest $100 billion in the United States over the coming years to expand its semiconductor manufacturing capabilities. The investment will fund the construction of five new facilities, including three chip fabrication plants, two advanced packaging facilities, and a large research and development center. This announcement was made by TSMC CEO C.C. Wei alongside former U.S. President Donald Trump. TSMC,...
Stay informed about the economy and financial markets. Reading financial insights and market news can help individuals make more informed investment decisions. It can also provide information on economic trends and events that may affect the performance of different investments. Additionally, it can help individuals stay up-to-date on changes in government policies and regulations that could impact the financial markets. Overall, staying informed about financial and market news can help individuals make more informed decisions about their investments and manage their financial portfolios more effectively.