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Share of U.S. companies in China looking to relocate hits a record high, survey finds newsthirst.

Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. Aly Song | Reuters BEIJING — A record share of U.S. companies in China are accelerating their plans to relocate manufacturing or sourcing, according to a business survey released Thursday. About…

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Nvidia supplier SK Hynix posts record quarterly profit on strength of AI boom newsthirst.

SK Hynix Inc. signage at the company’s office in Seongnam, South Korea, on Monday, April 22, 2024. SK Hynix is scheduled to release earnings figures on April 25. Photographer: SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images South Korea’s SK Hynix, one of the world’s largest memory chipmakers, posted record quarterly earnings…

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Panama Canal says trade rebound is underway after record drought newsthirst.

After two years of record drought conditions amid a challenging El Nino weather system which decimated vessel transits, the Panama Canal is experiencing a trade rebound. Ricaurte Vásquez, administrator of the Panama Canal Authority, tells CNBC the canal has changed its business model to optimize water usage and improve forecasting in an effort to restore…

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