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BBCNEWS Asia Business Report July 6, 2024 - Vimarsana News

BBCNEWS Asia Business Report July 6, 2024

first republic came under intense pressure after silicon valley bank and signature bank collapsed last month. the bbc�*s samira hussain has more from new york. normally when a company's earnings for are released, executive hold a call with analysts where they take questions. but that wasn't the case for first republic bank. executives spoke for about ten minutes and then took no questions. it is perhaps an indication ofjust how bad things have become at the regional bank. during the first quarter, it lost $102 billion in customer deposits. that's way more than half of the $176 bill...

BBCNEWS Asia Business Report June 4, 2024 23:34:00 - Vimarsana News

BBCNEWS Asia Business Report June 4, 2024 23:34:00

We've been talking about the slowing demand for semiconductor chips which power everything from our phones to spacecraft. and south korea is one of the biggest producers of them. that slowdown has affected its economy. exports have been declining for at least six months, and it's estimated that in the first 20 days of this month, the country's outbound shipments fell 11% compared to last year. and shipments of chips are down by more than a third in march. kang minjoo is at ing. she says the down cycle in the tech sector is weighing on the chip—makers at. tech sector is weighing on the chip-m...