The Fed in a floating world

The 35% decline in the yen and 25% decline in the euro relative to the dollar, and the US dollar index up by 25% since 2017, are being rationalized as a response to the US Federal Reserve’s raising interest rates to battle inflation. Analysts remind us that such policy is similar to the one Paul […]

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Asia tech ‘godfathers’ to decide US chips fate

The importance of semiconductors to economic security adorned newspaper headlines in 2022. As part of its technological competition with China, the United States has introduced a policy of “friendshoring” its semiconductor production to secure its supply of high-end chips that enable daily life and stock the inventory of major technology firms such as Apple. The […]

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Singapore’s SATS buying Worldwide Flight Services for S.65 billion to create global leader

SINGAPORE: Singapore-based ground handling services firm SATS is acquiring Paris-based Worldwide Flight Services (WFS) for S$1.65 billion cash, to create the world’s biggest global air cargo handler, the companies said. “This is a transformational opportunity for SATS and our proposed acquisition of WFS will create a global leader,” Kerry Mok, SATS’Continue Reading