Taiwanese company Foxconn is slowly validating the iPhone detox

HONG KONG, Dec. 1 (Reuters) – Covid-19 lockdowns and protests across China have highlighted the dangers of interdependence between Taiwan’s Foxconn and its major customer Apple. (AAPL.O). Even before recent supply chain disruptions and violent protests disrupted production in the People’s Republic of China, the Cupertino giant had been hedging its exposure to Foxconn. The … Read more

New York Fed: Bank liquidity may be tighter than expected, with policy implications

Nov. 18 (Reuters) – The way the banking system manages its cash suggests that the financial system may not be as fluid as many now understand it, and that could have implications for how the Federal Reserve manages the size of its balance sheet, a paper from the Reserve Bank said. New York Fed on … Read more

The Fed raised interest rates by 50 basis points, but the peak interest rate could be higher

BENGALURU (Reuters) – The Federal Reserve will drop in December to raise interest rates by 50 basis points, but economists polled by Reuters say a longer period for US central bank tightening and a higher interest rate hike are the biggest. Risks to the current outlook. US consumer inflation unexpectedly fell below 8% last month, … Read more