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Apple to manufacture iPhone 14 in India
... technologies and important safety capabilities. In order to support renewable energy and training, Apple has expanded its manufacturing plans in India, including setting up the App Design and Development Accelerator in Bengaluru. According to a report by JP Morgan , Apple is likely to move 5 per cent of iPhone 14 production to India by the end of 2022 and reach 25 per cent by the year 2025. The JP Morgan report attributed trade tensions between the US and China and the COVID 19 crisis to Apple focusing ...
Updated: 09/26/2022
Macau casino shares soar as China resumes e-visas
... casino revenue. Although it's hard to quantify the immediate benefit, we believe the resumption of e-visas and group tours should help alleviate friction for a Macau trip, as well as signal to many that it's okay to visit, said DS Kim , an analyst at JP Morgan in Hong Kong. We feel that we can talk about a return to normalcy. Sands China climbed more than 13 per cent, Wynn Macau climbed 7 per cent, Galaxy Entertainment advanced 10 per cent while SJM and MGM China jumped 8 per cent each. While the ...
Updated: 09/26/2022
Lithuania invites US investors to join ambitious offshore wind farm project
... kilometers off the coast, is expected to generate around 2.5 - 3 terawatt hours of electricity per year, or a quarter of Lithuania's current energy demand. The offshore wind farm project is expected to be completed in 2028. On Wednesday, Nauseda met with JP Morgan Chase Vice Chairman Peter L. Scher , to present him Lithuania's achievements in the areas of economic resilience, financial technology, IT, science and business cooperation. The financial sector of Lithuania is open to new market players. We are ...
Updated: 09/25/2022
JPMorgan’s Dimon says ‘they are stupid’
... not a real thing, eventually it will be closed. Dimon said at a gathering hosted by Barclays in New York that it is just not a real thing, eventually it will be closed. Dimon went on to tell a group of professional investors what would happen to JP Morgan traders taking action: I d fire them in a second. It is against our rules and they are stupid. Both are dangerous. In response to a question by the moderator at the Institute of International Finance conference, Dimon said: If you're stupid enough ...
Updated: 09/25/2022
JPMorgan’s Dimon says ‘they are stupid’
... not a real thing, it's going to be closed. At a gathering hosted by Barclays in New York, Dimon said it's just not a real thing, it's just that it's going to be closed. Dimon went on to tell a group of professional investors what would happen to JP Morgan traders who took action in a second. It is against our rules and they are stupid. Both are dangerous. In response to a question from a moderator at an Institute of International Finance conference, Dimon said: If you re stupid enough to buy it,...
Updated: 09/22/2022
Dow Jones slips more than 500 points after U.S. stocks fall below last week
The Dow Jones dropped more than 500 points on Tuesday as the U.S. stocks fell below.S? stocks fell above. The Dow Jones dropped more than 500 points on Tuesday as the U.S. stocks fell below. Here are some of the big stocks that had losses in the previous session. NIO Inc. dropped 10.3% to $18.30, despite weakness in Chinese stocks. Trip.com Group Limited dropped 8.5% to $24.43 due to weakness in Chinese stocks. Tandem Diabetes Care, Inc. , fell 7.8% to $49.15, a 7.8% drop.
Updated: 09/22/2022
Singapore shares end flat after Fed raises interest rates
... afternoon. As the Fed continues to hike its rates, monetary policy tightening efforts among most Asian central banks should help to limit the extent of depreciation among regional currencies, said Mr Tai Hui, chief market strategist for Asia Pacific at JP Morgan Asset Management .
Updated: 09/22/2022
JPMorgan Chase CEO Dimon to focus on bank's role in us
JPMorgan Chase Co. CEO Jamie Dimon will focus on the bank's positive role in the U.S. economy and the threat of inflation in his prepared remarks to Congress this week, but he will also be critical of capital requirements for banks, according to his recent downturn. JPMorgan Chase Co. CEO Jamie Dimon will focus on the bank's positive role in the U.S. economy and the threat of inflation in his prepared remarks to Congress this week, but he will also be critical of capital requirements for banks...
Updated: 09/20/2022
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