The consolidation of Monday has been a platform for the dollar bulls just to get ahead slightly today. The question is whether it is a move that will have legs. There does not seem to be any discernible move higher on Treasury yields, or shift in US interest rate […]
READ MOREHuawei executive says US export ban will cost American jobs
Huawei will survive the US pressure campaign against it, but American jobs may not, says Andy Purdy, Huawei’s chief security officer and former head of the US Department of Homeland Security’s national cybersecurity division. Purdy told CNN’s Julia Chatterley on Friday that he thinks the Trump Administration is taking the wrong steps […]
READ MOREUS President rejects request for uranium import quota
Uranium imports do not threaten the national security of the USA, President Donald Trump has decided in his response to the Uranium Miners’ Section 232 Petition. He did however call for a “fuller analysis” of national security considerations with respect to the entire nuclear fuel supply chain. In their filing […]
READ MOREJapan restricts exports of chip and smartphone materials to South Korea
The government announced Monday it is tightening regulations on the export of several chemicals used in chip and smartphone production to South Korea amid the row with Seoul over wartime labor. The new rules, which take effect July 4, come after South Korean courts ordered Japanese firms to compensate people […]
READ MOREDepositing export earnings in foreign banks now legal violation
The government is to start fining people who violate a new regulation intended to force exporters to keep their foreign exchange earnings from natural resources in the Indonesian financial system. Finance Ministerial Regulation (PMK) No. 98/2019 on tariffs and administrative punishment imposes fines and outlines the procedures for imposing levies. […]
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