Month: May 2020

(Bloomberg) — The list of Intel Corp.’s annual supplier award winners tends to read like a who’s-who of the semiconductor industry’s biggest names. This year, it included a little-known Japanese company whose machines have become indispensable in the race to improve semiconductors and whose stock has been rocketing up as a result.Lasertec Corp. is the world’s only maker of testing machines required to verify chip designs for the nascent extreme ultraviolet lithography (or EUV) method of chipmaking. In 2017, Lasertec solved a key piece of the EUV puzzle when it created a machine that can inspect blank EUV masks for …read more […]

Oil prices rose on Tuesday on clear signs that producers are sticking to commitments to cut crude supply as more cars get back on the road with coronavirus lockdowns easing around the world. U.S. West Texas Intermediate (WTI) crude futures gained 2.3%, or 75 cents, to $34.00 as of 0057 GMT. Brent crude futures inched up 0.7%, or 23 cents to $35.76, adding to a 1.1% gain on Monday in thin holiday trading. …read more […]

May.25 — Emily Lau, former chairperson of Hong Kong’s Democratic Party and the first woman directly elected to the Legislative Council in 1991, discusses China’s plans to impose a sweeping national security law. She speaks with David Ingles and Haidi Stroud-Watts on “Bloomberg Daybreak: Asia.” …read more […]

Japan’s government has given up on approving Fujifilm Holdings Corp’s Avigan drug for the treatment of COVID-19 by the end of May, Kyodo News reported late on Monday citing a government official. Prime Minister Shinzo Abe said earlier this month he hoped the drug would be approved some time in May if its efficacy and safety could be confirmed. Fujifilm shares slumped last week after Kyodo reported that an interim study showed no clear evidence of efficacy for Avigan in COVID-19 cases. …read more […]

(Bloomberg) — Father-of-six Nicolas Bryon didn’t get much sleep in March but it wasn’t family duties keeping him up. As global markets crashed, the Sydney-based hedge-fund manager rose every hour to check on his positions and execute trades.After weeks of broken sleep, his Atlantic Pacific Australian Equity Fund was up 23.6% for March and April, making it one of the rare hedge funds globally that made money in both periods. The two wildly different months messed with even some of the biggest money managers. In March, several bears reaped fortunes by betting on falling markets, only to lose money in …read more […]

Posted by OFX AUD – Australian Dollar In the context of recent volatility, the Australian dollar remained relatively range bound through trade on Monday, bouncing between support at 0.6520 and resistance at 0.6550. Markets remained largely muted to start the week as both the US and UK enjoyed extended weekends, while headline … Continue reading “Australian Dollar range bound in quiet start to the week”The post Australian Dollar range bound in quiet start to the week appeared first on . …read more […]

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