Trump's Deal With Nvidia Offers Path Forward in Global Trade War
Experts and people familiar with the matter said the surprise deal, in which Nvidia Corp. and Advanced Micro Devices Inc. agreed to pay 15% of their revenues from Chinese AI chip sales to the US, provides a path to enter the Chinese market despite severe export controls, tariffs and other trade barriers.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 minutes ago
- Yahoo
Enigmatig Celebrates NYSE American Listing with Bell Ringing Ceremony, Signaling Next Phase of Global Growth
NEW YORK, Aug. 18, 2025 /PRNewswire/ -- Enigmatig Limited (NYSE American: EGG) ("Enigmatig" or the "Company"), a global business enabler empowering small and medium-sized enterprises (SMEs) to scale across borders, today rang the Closing Bell at the New York Stock Exchange ("NYSE") to mark its recent listing and reaffirm its mission to power the global ambitions of bold, forward-thinking businesses. Enigmatig began trading on June 18, 2025, following the completion of its initial public offering of 3,005,200 Class A ordinary shares at US$5.00 per share including the partial exercise of the underwriters' overallotment option. The offering raised gross proceeds of approximately US$15 million. Prime Number Capital LLC acted as the sole book-running manager for the offering. As one of the few Asia-Pacific headquartered firms in its sector to list on the NYSE American, this accomplishment underscores Enigmatig's role as a trusted partner for SMEs navigating high-stakes cross-border expansion, regulatory complexities, and new market entries. Desmond Foo, Founder and CEO of Enigmatig, said, "Today's bell ringing is a proud milestone in our 15-year journey of enabling SMEs to achieve their international ambitions. Our listing strengthens our foundation for bold, global expansion, enabling us to deepen our service capabilities, advance our RegTech innovations, and extend our reach across the world's key financial hubs. Enigmatig was built to guide clients throughout their expansion journey – from incorporation to licensing, compliance, and strategic growth – delivering clarity, precision, and partnership every step of the way." Mingwen Teo, the Company's Director and CFO, added, "Our successful IPO and strong first-half performance validate the strength of our business model and the growing demand for comprehensive, technology-enabled licensing and compliance solutions. This ceremony is not just a celebration of our listing, but also a reaffirmation of our long-term vision to empower compliance globally while creating sustainable value for our clients and shareholders." With its IPO proceeds, Enigmatig is driving its next wave of growth by: Expanding its leadership and specialist teams across key markets and verticals Accelerating RegTech and automation innovation to streamline compliance Enhancing strategic advisory with sharper, data-driven insights Pursuing targeted M&A to strengthen its global service offerings Growing its presence in high-potential markets to serve clients closer to where they operate and aspire to operate Founded in 2010, Enigmatig has built a strong track record across global financial hubs and offshore jurisdictions, including Singapore, Hong Kong, Shanghai, London, Cyprus, and Belize, delivering tailored solutions across the full business lifecycle, from company incorporation to ongoing compliance and strategic advisory. Its proprietary CRM platform, integrating KYC, AML, and transaction monitoring tools, positions RegTech at the core of the Company's growth strategy, allowing smarter, faster compliance for both new and existing clients. For photos, a video replay and other content from the event, please visit: About Enigmatig Limited Enigmatig is an international business enabler dedicated to helping small and medium-sized enterprises (SMEs) achieve their international ambitions. Since 2010, we have connected businesses with the expertise, infrastructure, and regulatory support needed to succeed in cross-border markets. With deep capabilities in FX brokerage consultancy, licensing, RegTech, FinTech, and corporate services, Enigmatig delivers tailored solutions across the full business lifecycle – from company incorporation to ongoing compliance. Our experienced team specializes in navigating complex regulatory environments across global financial hubs and key offshore centers, including London, Cyprus, and Belize. Headquartered in Singapore with a strategic presence in Hong Kong, Shanghai, London, and a representative desk in Bangkok, Enigmatig supports a diverse and growing international client base. For more information, please visit: Safe Harbor Statement Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "could," "will," "should," "would," "expect," "plan," "aim," "intend," "anticipate," "believe," "estimate," "predict," "is/are likely to," "potential," "project" or "continue" or the negative of these terms or other comparable or similar terminology. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC, which are available for review at Media & Investor Contacts: investors@ View original content to download multimedia: SOURCE Enigmatig
CNBC
5 minutes ago
- CNBC
CCTV Script 12/08/2025
On Monday, local time, U.S. President Trump nominated E.J. Antoni, Chief Economist of the conservative think tank Heritage Foundation, to serve as the Commissioner of the Bureau of Labor Statistics (BLS). This move comes shortly after Trump criticized the unfavorable U.S. employment data as being manipulated and subsequently dismissed the previous commissioner. The market has been closely watching who would take over the position and whether this change would impact the statistical reporting of U.S. economic data. Antoni's appointment still requires confirmation by the U.S. Senate before he can officially assume the role. He has long been a critic of the BLS, advocating for a comprehensive, top-to-bottom review of the bureau. Prior to Trump's public criticism and the dismissal of the previous commissioner, the BLS had been a relatively low-profile agency, rarely entering the public eye. It operates under the U.S. Department of Labor but maintains a degree of independence. The BLS is responsible for collecting crucial data on employment, inflation, and wages, which serve as vital references for business and policy decisions, emphasizing the importance of being free from political interference. In addition to the change in leadership, the BLS is also facing challenges and controversies due to budget cuts. Some analysts have noted that due to insufficient staffing, the BLS has ceased collecting inflation data in certain cities, relying more on estimation methods. Recently, concerns about the credibility of the BLS economic data have also begun to emerge on Wall Street. This raises questions about the potential impact of these changes on the accuracy and reliability of the data that businesses and policymakers depend on. Prominent figures, including Jeffrey Gundlach, known as the "Bond King," and Michael Gapen, an economist at Morgan Stanley, have expressed concerns that U.S. economic data has become unreliable. They argue that this could lead to skepticism about the quality of data released by U.S. government agencies. Currently, the market is closely watching the upcoming release of the U.S. Consumer Price Index (CPI) report for July, scheduled for Tuesday local time. This inflation report is expected to provide critical insights into the state of the economy. Analysts point out that concerns over inflation data performance led to a decline in the three major U.S. stock indices overnight. Market forecasts suggest that the July CPI will show a monthly increase of 0.2% and a yearly increase of 2.8%. When excluding volatile food and energy prices, the core CPI is expected to rise 0.3% monthly and 3.1% yearly. The market is also hoping to glean signals from the latest inflation data regarding the Federal Reserve's potential rate-cut path. However, Wall Street remains divided on the timing of rate cuts. One camp believes the Fed will cut rates as early as September, arguing that such a move is overdue. This divergence in expectations highlights the uncertainty surrounding monetary policy and its impact on the economy. 'I think the rate right now is modestly because rates are lower, therefore stocks must go higher, but the damage that perhaps modestly restrictive rates are doing to the economy and eventually corporate profits would be reduced." However, another camp believes that the Federal Reserve will continue to wait and see, monitoring the impact of tariffs on inflation before making any decisions. "We don't think it'd be September, so the Fed will take this time. Powell, if he doesn't have too much pressure, will continue at his path, which we believe is the case, and we'll likely see the Fed act in December and then aggressively act next year. " Morgan Stanley and Bank of America both predict that the Federal Reserve will not cut rates this year, while JP Morgan Chase anticipates three rate cuts in 2025.
CNBC
5 minutes ago
- CNBC
Asia-Pacific markets set to mostly open higher as investors await details of U.S.-Ukraine talks
Asia-Pacific markets are set to mostly open higher Monday , after the U.S.-Russia summit concluded without a ceasefire. Australia's S&P/ASX 200 was set to start the day higher with futures tied to the benchmark at 8,843, compared with the index's Friday close of 8,983.60. Japan Nikkei 225 was set to open lower, with the futures contract in Chicago at 43,545 while its counterpart in Osaka last traded at 43,370, against the index's last close of 43,378.31. Futures for Hong Kong's Hang Seng index stood at 25,214, pointing to a stronger open compared with the HSI's last close of 25,270.07. U.S. equity futures ticked up in early Asia hours on hopes for rate cuts by the U.S. Federal Reserve, which fueled a winning week on Wall Street. The S&P 500 slipped on Friday after hitting a record high, as investors took some gains off the table after a strong week. The broad market index settled down 0.29% at 6,449.80. The Nasdaq Composite shed 0.40% to end the week at 21,622.98. while the Dow Jones Industrial Average outperformed, rising 34.86 points, or 0.08%, to close at 44,946.12, thanks to a 12% jump in UnitedHealth.
