MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Hoyer: House To Vote On China Competition Bill Friday

US

House majority leader Steny Hoyer (D-MD) has confirmed that the House of Representatives will vote on its version of the Senate-passed US Innovation and Competition Act, a USD250bn package intended to boost US competitiveness in areas of high tech and related to national security, in particular the manufacture of microchips and semiconductors.

  • The House bill, known as the America Competes Act, keeps USD52bn of funding to boost semiconductor manufacture. However, it strips out around USD200bn of research funding for science and technological innovation.
  • House Republicans are seeking to obstruct the bill, which could make reconciling the bill with that passed by the Senate an even more laborious process. Rep. Steve Chabot (R-OH) stated that the bill “...is an attempt to look tough on China without taking any real action...This is a desperate political ploy in anticipation of the mid-terms.”
Homepagemarkets-real-timePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
Homepagemarkets-real-timePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.