national security and foreign policy interests. said that the export controls were added as part of ongoing efforts to protect U.S. on Friday updated export controls that included adding certain advanced, high-performance computing chips and semiconductor manufacturing equipment to its list, as well as new license requirements for items that would be used in a supercomputer or for semiconductor development in China. “weaponization and politicization” of science and technology as well as economic and trade issues will not stop China’s progress. “It will not only damage the legitimate rights and interests of Chinese companies, but also affect American companies’ interests,” she said. abuses export control measures to maliciously block and suppress Chinese companies,” said Foreign Ministry spokeswoman Mao Ning. “Out of the need to maintain its sci-tech hegemony, the U.S. decision to tighten export controls that would make it harder for China to obtain and manufacture advanced computing chips, calling it a violation of international economic and trade rules that will “isolate and backfire” on the U.S. PCE Q2 -U.S.BEIJING (AP) - China on Saturday criticized the latest U.S. Italy industrial orders data Jun -Euro zone M3 money supply Jul -U.S. Key developments that should provide more direction to markets on Thursday: authorities are investigating the manager over its sustainability claims.Īustralia's biggest supermarket chain Woolworths announced a A$2 billion ($1.45 billion) share buyback and a 20% jump in annual profit as lockdowns sparked demand for household essentials. In company news, shares in German fund manager DWS fell 5.3% in early Frankfurt trade following a news report that U.S. LONDON - British regulators are investigating graphics chip maker Nvidia's US40 billion purchase of chip designer Arm over concerns about its effect on competition. Oil prices dipped after three days of gains, although the Brent crude price was firmly above $72 a barrel. The safe-haven greenback had been catapulted to a multi-month high last week on nerves about the global economy. No one is expecting the Fed to sound the gun on tapering its asset purchases at the symposium, but investors will be listening closely for Chair Jerome Powell's views on Friday on when to dial back the stimulus as the economy recovers all its lost output from the pandemic and inflation rises.Įlsewhere, the dollar was little changed and stood at one-week lows. Investigating Years-Old Leaks and Appears Focused on Comey An inquiry into years-old disclosures of classified information is highly unusual and leaves law enforcement officials open to accusations of politicizing their work.
Many investors are reluctant to place big bets ahead of the 3-day virtual conference.
Emerging market stocks fell after the announcement, as did markets across Asia - with a rapid rise in cases of the Delta COVID-19 variant also hitting sentiment.Īfter climbing to record highs on Wednesday, the mood on global stock markets looked a little more cautious with European and Wall Street futures in the red.
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