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ASIA: The Biden administration plans to expand restrictions on US shipments to China of semiconductors used in artificial intelligence and chip-making tools next month, Reuters reported. The Commerce Department intends to publish new regulations based on restrictions announced earlier this year in letters to three US companies - KLA Corp, Lam Research Corp and Applied
ASIA: India's dominant services industry grew faster than expected in August thanks to a solid expansion in demand and a continued easing in cost pressures, encouraging firms to hire at the quickest pace in more than 14 years, a private survey showed. Driven by strong growth in services and manufacturing activity, Asia's third-largest economy expanded
Lean hog prices fell for a second month in August, but bullish tailwinds are picking up for swine. Corn prices, an input cost, are on the upswing and traders are betting that continues.
ASIA: Singapore's key measure of consumer prices rose again at the fastest pace in more than 13 years in July, official data showed on Tuesday, increasing pressure on the central bank to consider further policy tightening later this year. The acceleration in inflation was mainly due to stronger growth in food, electricity, and gas prices,
ASIA: Profits at China's industrial firms sank in July, reversing previous gains as fresh COVID-19 curbs dragged down demand and squeezed factory margins, while power shortages due to heatwaves threatened production. Profits at China's industrial firms fell 1.1% in January-July from a year earlier, wiping out the 1.0% growth logged during the first six months,