Overseas Headlines – April 25, 2022

United States:

Biden’s Solar Plans Run Into a Chinese Wall

“A new and unexpected obstacle to President Joe Biden’s green ambitions has emerged: a tiny solar-power company based in San Jose. Auxin Solar Inc., which accounts for all of 2% of U.S. solar-module manufacturing, recently persuaded the Commerce Department to open a potentially devastating trade inquiry.”



U.K. Manufacturers Increase Prices at Fastest Rate Since 1979

“U.K. manufacturers raised prices at the fastest pace in more than four decades in a bid to cover soaring raw material and energy costs, and a further acceleration is expected, according to the Confederation of British Industry.”



Inflation More Worrisome Than Growth, Bank of Korea’s Rhee Says

“The Bank of Korea should stay on a path to policy normalization as inflation remains a more pressing concern than a slowdown in economic growth, Governor Rhee Chang-yong said. “I’m more worried about inflation so far,” the newly installed governor said Monday in his first meeting with media since taking office last week.”



Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.

Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.