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Asian shares trade mostly lower after AI stocks sink on Wall StreetThe decline came after OpenAI Chief Executive Sam Altman said in an interview with Fortune published Saturday that the company behind ChatG...
From India to Vietnam: Why some firms are rethinking the China-plus-one strategyCompanies are bringing manufacturing back to China after facing difficulties abroad. Replicating China's factory ecosystem and skilled labo...
Dubai, Abu Dhabi residents return to a new normal: ‘Neither war, nor peace’Six months into the Iran war, the UAE’s post-pandemic boom is facing its biggest test. Tourism, aviation, property and trade have taken a h...
China's Z.AI raises $5 billion from new share, convertible bond sales, filing showsZ.AI launched the sales on Friday, offering 21.97 million new Hong Kong shares at HK$714 ($91.05) each, a 10% discount to Friday's closin...
China AI developer Z.AI launches $5 billion Hong Kong share, convertible bond sales, term sheet showsThe fundraising comes as Chinese AI developers seek capital for the costly computing infrastructure and talent needed to compete with large...
Global bond yields surge as oil spike fuels inflation fearsGlobal bond yields reached multi-year highs as oil prices surged, increasing inflation worries. Share markets tumbled worldwide on Friday d...
RBI to expand retail forex access with five new currency pairs, plans wider global currency bouquetThe Reserve Bank of India will add five currency pairs—euro, British pound, Swiss franc, Canadian dollar and Emirati dirham—to its FX-Retai...
Four banks including RBL and Bank of Maharashtra line up overseas fund raiseRBL Bank and Bank of Maharashtra are actively promoting dollar bonds in international markets as they look to refinance short-term loans ac...
RBL, BoM eye dollar bonds to refinance FCNR fundingRBL Bank and Bank of Maharashtra are actively promoting dollar bonds in international markets as they look to refinance short-term loans ac...
Global Market: China stocks edge higher as agriculture, energy and gold shares offset tech weaknessChina’s stock markets edged higher on Tuesday, led by agriculture, energy and gold-related shares, while technology stocks declined. The CS...
Singapore PM Lawrence Wong proposes big salary increase for ministersSingapore's government will significantly increase ministerial salaries, aiming to attract top talent. Junior ministers could earn up to S$...
Panama Canal gets its first woman boss as Trump watches and $1.5 billion water crisis waitsNaval engineer Ilya Espino de Marotta now leads the Panama Canal administration. Her immediate priority involves advancing a significant re...
Shein seeks fast-fashion deals to spur growthArmed with $15 billion in cash, according to its prospectus, plus another $1.74 billion raised in the IPO, it is primed for an acquisition-...
Singapore commits $170 million over three years to drive fintech innovationFintech investments in Singapore hit S$2.9 billion last year. The country is currently home to more than 1,800 fintech firms, employing cl...
China's MiniMax sees revenue nearly quadruple in first half as AI demand surgesRevenue for the six months ended June 30 rose 283.1% from a year earlier to $116.6 million, reflecting surging demand for cheaper, open-s...
China Evergrande fiasco: Court stops PwC International's attempt to distance itself from its local arm's doingsPricewaterhouseCoopers International's attempt to exit the multibillion-dollar Evergrande lawsuit has been dismissed by a Hong Kong court. ...
Global Market: China, Hong Kong stocks rise as AI rebound boosts investor sentimentOn Wednesday, stocks in China and Hong Kong surged, reflecting a favourable global market environment. Technology and artificial intelligen...