CN

Dollar hits 20-year high as markets hunker down for higher rates for longer

Dollar hits 20-year high as markets hunker down for higher rates for longer

US Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register LONDON Aug 29 (Reuters) – The US dollar climbed to a 20-year high against other major currencies on Monday after Federal Reserve Chair Jerome Powell signaled interest rates would be kept higher …

Dollar hits 20-year high as markets hunker down for higher rates for longer Read More »

Chinese chip foundry SMIC to invest $7.5 bln in new fab in Tianjin

Chinese chip foundry SMIC to invest $7.5 bln in new fab in Tianjin

A logo of Semiconductor Manufacturing International Corporation (SMIC) is seen at China International Semiconductor Expo (IC China 2020) following the coronavirus disease (COVID-19) outbreak in Shanghai, China October 14, 2020. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register SHANGHAI, Aug 26 (Reuters) – Chinese chip foundry Semiconductor Manufacturing International Corp (SMIC) (0981.HK) …

Chinese chip foundry SMIC to invest $7.5 bln in new fab in Tianjin Read More »