Bloomberg

Chinese Solar Maker Says US May Be Too Pricey for Expansion

GCL Technology Holdings, the world's second-largest manufacturer of polysilicon, is planning its first factory outside China to tap into higher prices overseas and serve foreign customers. Despite the US being attractive, it is too expensive for the company, which is focusing on Europe, the Middle E

GCL Technology Holdings is planning its first factory outside China to tap into higher prices overseas and serve foreign customers.
The US is too expensive for GCL, which is focusing on Europe, the Middle East and BRICS countries.
GCL is the world’s second-largest manufacturer of polysilicon.
The company plans to build a foreign factory through a joint venture with a local industry leader.
GCL's reticence on the US stands in contrast to three top Chinese solar equipment makers that have announced plans of US factories since passage of the Inflation Reduction Act.

Charting the Global Economy: Central Banks Hold as Prices Cool

Central banks around the world are pausing tightening campaigns as inflation eases and economies slow. Inflation-targeting regimes are keeping their own houses in order, while the US Fed's key inflation gauges fell to the slowest annual paces since late 2021.

Factbox: Turkey earthquake and some of the worst natural disasters of this century

Two massive earthquakes on Monday have devastated cities and towns across Turkey and Syria, with death toll of over 16,000. This is one of the worst natural disasters this century, alongside the 2004 Sumatran Tsunami, 2010 Haiti earthquake and 2008 Cyclone Nargis.

Take Five: Strap in for no landing

A raft of U.S. data and European inflation numbers will give guidance on how the world's top central banks will navigate the way ahead, including the hotly debated "no landing" scenario. Reports on U.S. durable goods orders, home prices, manufacturing and consumer confidence threaten to cement expec

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