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...“This is where there is a lot of uncertainty and tension,” says Caitlin Legacki, a former senior adviser to US commerce secretary Gina Raimondo who now runs a public affairs consultancy....
...Treasury secretary Janet Yellen recently visited China and commerce secretary Gina Raimondo will soon follow suit....
...America,” said US commerce secretary Gina Raimondo....
...Commerce Secretary Gina Raimondo notes that by 2030, the US will probably produce around 20 per cent of the world’s most advanced chips, up from zero today....
...Commerce secretary Gina Raimondo has said the US will be on track to make about 20 per cent of the world’s most advanced chips by the end of the decade....
...Chile’s central bank publishes trade figures that cover last month....
...US commerce secretary Gina Raimondo announced on Monday that the South Korean chipmaker was set to produce chips at the 2 nanometre level of miniaturisation at a new fabrication plant, or fab, it was building...
...Gina Raimondo, US commerce secretary, told reporters the grant would put the US on track to meet its goal of ensuring that 20 per cent of the world’s most advanced chips are made in the US by the end of...
...Between 1980 and 2021, America’s geographic income inequality rose over 40 per cent, according to the US Department of Commerce....
...Events: Joe Biden will make campaign stops in Arizona as he aims to gain support ahead of the US presidential election in November....
...UK business sentiment: The British Chambers of Commerce publishes its quarterly economic survey....
...Arizona/Utah border must be one of the most bizarre holiday experiences available in the US....
...Read more on the commerce department’s move....
...Meyer Burger, a Swiss solar manufacturer, announced in January it was shutting down its plant in Germany and focusing efforts to boost manufacturing in Colorado and Arizona, supported by the IRA....
...The commerce ministry has called for the “healthy development” of the country’s overseas EV expansion, including co-operating more with foreign partners and utilising free trade deals....
...at the British Chambers of Commerce, a business lobby group....
...It has emphasised its technology prowess in building a digital-first bank. While it has a credit card loan book of $137bn, it also has issued a significant volume of auto and commercial loans....
...Bank of America, Johnson & Johnson and Morgan Stanley report earnings. Five more top stories 1....
...Monetary policy: Federal Reserve Bank of Atlanta president Raphael Bostic, Federal Reserve Bank of Kansas City president Jeffrey Schmid and Federal Reserve Bank of San Francisco president Mary Daly speak...
...Christian Nolting, global chief investment officer at DB Private Bank, agrees....
...Exclusive: A Monaco private bank faces a lawsuit from a Russian businessman under a US anti-mafia law from 1970 that has never been used against a bank in Europe....
...“Most economists believe that the central banks of major developed economies will start . . . interest rate cuts,” said Wang Chunying, SAFE’s spokesperson, indicating that this could lessen the chance of...
...The Federal Reserve should be required to stress test US banks’ ability to “withstand a potential sudden loss of market access to China”, according to a congressional committee....
...Bank of Montreal, Canadian Imperial Bank of Commerce and Toronto-Dominion Bank already have $128bn worth of variable-rate mortgages that are in “negative amortisation”....
...And last week, the Commerce Department reported that the personal consumption expenditures price index — the measure of inflation the Fed uses for its target — accelerated at a pace of 2.5 per cent in February...
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