US-China Trade

MediaTek Pushes for Permission to Supply Huawei After US Curbs

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Taiwanese chip designer MediaTek said on Friday it had applied to the US government for permission to continue supplying China’s Huawei after new US curbs take effect in mid-September amid rising China-US tensions. The Trump administration in August expanded its curbs on Huawei and banned suppliers from selling chips made using US technology to the Chinese firm without a … Read more

Gold could rally 10% from Wednesday record high of Rs 50,000 plus: Kotak Bank official

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Gold of 995 purity (24 carat), which hit a record high of Rs 50,392.75 per 10 gm on Wednesday including taxes, could rally another 10% in the next six-nine months, said Shekhar Bhandari, global transaction banking head, Kotak Mahindra Bank. “Rising US-China trade tensions, negative real rates by central bankers and fallout from Covid would … Read more