Here’s why one small country accounted for 15% of Nvidia’s revenue and required a large number of chips

Nvidia’s Surging Revenue in Third Quarter Driven by Singapore Sales In a surprising revelation, Nvidia revealed that 15% of its third-quarter revenue, totaling $2.7 billion, came from Singapore. This represents a 404.1% increase from the previous year and makes Singapore the fourth-largest contributor to Nvidia’s sales, after the U.S., Taiwan, and China including Hong Kong….

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November Factory Purchasing Managers’ Index in China Falls Below Expectations

China’s factory activity continues to contract for a second consecutive month in November, while non-manufacturing activity has also reached a new low for the year, indicating that the world’s second-largest economy may require more robust policy support. According to data from the National Bureau of Statistics released on Thursday, the official manufacturing purchasing managers’ index…

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Temasek warns of fake agents in China selling fraudulent investments

Temasek Holdings Issues Warning about Scammers Impersonating the Company in China Singapore’s Temasek Holdings has issued a warning about scammers posing as representatives of the company’s office in Shenzhen, China. The scammers are allegedly trying to sell financial investment products or instruments to unsuspecting individuals. In a statement released on Wednesday, Temasek stated that the…

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The meeting between Biden and Xi conveyed a significant message for American business in China

The meeting of U.S. President Joe Biden and Chinese President Xi Jinping last week has set the bottom line for the relationship between the two powerful nations, according to analysts. The summit took place in Woodside, California, during the Asia-Pacific Economic Cooperation conference. Wang Dong, executive director of the Institute for Global Cooperation and Understanding…

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Biden continues to assert that Xi is a ‘dictator’

U.S. President Joe Biden and Chinese President Xi Jinping met during the Asia-Pacific Economic Cooperation (APEC) Leaders’ week, and Biden again referred to Xi as a dictator. This statement has the potential to undo the progress made between the two nations. In response to a question about his previous comment from June labeling Xi as…

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Q3 sees Japan economy shrinking much more than anticipated

Japan’s economy experienced its most significant annualized quarterly decline in two years, with provisional government data indicating a 2.1% drop in the third quarter compared to a year ago. This sharp downturn was driven by rising domestic inflation and declining consumer demand, as well as export challenges due to waning demand. The latest economic contraction,…

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Short selling banned in South Korea

South Korea Stocks Surge as Short Selling Ban is Re-Imposed, Asia-Pacific Markets Respond to Soft U.S. Jobs Report South Korea’s stock market experienced a significant surge on Monday after the country re-imposed a ban on short selling. This move by financial authorities in South Korea comes in an effort to stabilize the market. Short selling,…

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