- 21 Sep
Chipmaker Kokusai Electric to list on Tokyo Stock Exchange on Oct. 25
Kokusai Electric, a chipmaking equipment maker, plans to list on the Tokyo Stock Exchange on October 25 in what is expected to be the largest IPO in Japan in five years. The company, which was spun off from Hitachi in 2018 and is now owned by the private equity firm KKR, has set a tentative IPO price of 1,890 yen per share and is expected to raise around 210 billion yen ($1.4 billion) in the IPO. A successful IPO for Kokusai Electric could lead to a wave of new listings in Japan and boost the market's appetite for chipmaking stocks. However, investors should be aware of the risks associated with investing in IPOs.
- 20 Sep
Shell opens world’s largest EV charging station in China
Shell has opened the world's largest EV charging station in Shenzhen, China. The station has 258 charging points and solar panels that can generate 300,000 kilowatt-hours of renewable electricity per year. The station is a joint venture between Shell and Chinese EV giant BYD.
- 18 Sep
Taiwanese Military Detects Record Number of Chinese Warplanes
Taiwan detected a record number of Chinese warplanes around the island in one day, with 40 crossing the median line of the Taiwan Strait. The Taiwanese military condemned China's "continued military harassment" and warned that it could lead to a sharp spike in tension and worsen regional security. The United States has been increasing its military presence in the region in a bid to deter China from taking any aggressive action against Taiwan.
- 18 Sep
Indian-American Presidential Candidate Vivek Ramaswamy Refutes Age Criticism
Vivek Ramaswamy, a 38-year-old Indian-American candidate for President of the United States, has refuted criticism that he is too young for the office. He pointed out that Thomas Jefferson was only 33 years old when he wrote the Declaration of Independence, and argued that the United States needs a leader who is "not afraid to revive the country's founding principles." Ramaswamy is facing an uphill battle in the Republican primary, but he is hoping that his message will resonate with voters.
- 16 Sep
Pakistan: Petrol, HSD Prices Reach Historic Highs
Pakistan's caretaker government has hiked petrol and diesel prices to over Rs 330 per litre, the highest ever in the country's history. The move comes as the country struggles with double-digit inflation and is under pressure from the IMF to raise taxes and reduce subsidies. The hike will put an unbearable burden on the masses and make it difficult for many people to make ends meet.
- 16 Sep
US Stocks Close Sharply Lower on Plunging Chip Stocks, Mixed Data
US stocks closed sharply lower on Friday, August 18, 2023, as plunging chip stocks and mixed economic data dampened investors' risk appetite. The S&P 500 and the Nasdaq reversed their weekly advances, while the blue-chip Dow ended the week nominally higher. Investors are concerned about a potential slowdown in the global semiconductor industry and elevated inflation. The Fed's policy meeting next week will be a key event for investors.
- 15 Sep
Electric Vehicles to Reach Price Parity with Fossil Fuel Models in 2024, Account for Two Thirds of Global Car Sales by 2030
Electric vehicles (EVs) are expected to reach price parity with fossil fuel models in Europe in 2024 and the U.S. market in 2026. EVs are also expected to account for two thirds of global car sales by 2030. This is being driven by the decline in battery prices, the growth of EV sales in Europe and China, and government policies that support the transition to EVs.
- 15 Sep
Toshiba’s Largest Shareholder Tenders Shares in JIP Takeover Offer
Toshiba's biggest shareholder is selling its shares to a company that wants to buy Toshiba. This is a good sign for the buyer, and if the deal is successful, it could have a significant impact on the Japanese economy.
- 15 Sep
Arm Holdings’ IPO: Retail Traders Flock to Chip Designer
Arm Holdings' IPO was a success, with retail traders placing more buy orders for the chip designer than for Tesla and Nvidia. The surge in retail demand underscores the appetite for potential winners in the artificial intelligence frenzy. The success of Arm's IPO is a positive sign for the broader IPO market and paves the way for more tech IPOs in the coming weeks.
- 14 Sep
Global debt as a share of GDP fell in 2022, but may rise again
The global debt-to-GDP ratio fell in 2022 for the second year in a row, but the decline may be ending. The decline is due to strong growth and inflation, but it has only recouped about two thirds of the COVID-induced spike in global debt. China's debt burden has defied the moderating trend and is now similar to the United States. The IMF warned that debt is likely to rise again over the medium-term and urged governments to adopt strategies to reduce debt vulnerabilities.