Chinese artificial intelligence (AI) start-up Moonshot AI is in talks with investors for additional financing that would value it at more than US$3 billion, making it the highest valued start-up of China’s so-called Four New AI Tigers, according to a person familiar […]
AMELIA ISLAND, Florida, May 20 (Reuters) – The U.S. Federal Reserve is considering new rules to break the “stigma” around borrowing from the central bank’s discount window to cover short-term cash needs, Fed vice chair for supervision Michael Barr said […]
LONDON, May 20 (Reuters) – Russia’s prisons service has removed U.S. investor Michael Calvey from its register after the probation period on his sentence expired, a document seen by Reuters showed, clearing his criminal record following a years-long embezzlement case. […]
May 21 (Reuters) – A conservative shareholder has withdrawn a resolution filed for a vote at Tuesday’s annual meeting of JPMorgan, according to the investor’s representative, who said the move reflects changes the Wall Street bank has made to take […]
Hong Kong-traded share of Chinese dual-listed companies are at their smallest discounts to their counterparts on the mainland in 15 months, reflecting the strong momentum in the city’s US$5.4 trillion equity market that has already entered a bull market. An […]
With the US Federal Reserve poised to keep borrowing rates higher for longer – a move that would maintain pressure on Asian currencies – analysts expect that China’s central bank is likely to let the yuan weaken while also being […]
Hong Kong stocks climbed to a 10-month high as Beijing’s latest efforts to salvage the beleaguered property sector boosted sentiment, with some analysts advising caution as cleaning up the sector would be a challenging task. The Hang Seng Index edged up 0.4 […]
After Beijing introduced its most ambitious effort to date to revive the property sector and bolster the country’s economic recovery, analysts and economists find the plan’s scale too small and remain uncertain about its effectiveness. Market experts suggested that initiatives to solve the […]
Hong Kong’s financial services secretary, Christopher Hui Ching-yu, has denied reports that a major stock market reform that would see trading continue as normal during typhoons and torrential rains has been delayed. “There is no postponement, as we have always had a clear […]
LONDON, May 17 (Reuters) – Hedge funds ditched bearish stock bets early this week at some of the highest rates in three years as U.S. meme stocks rallied sharply, a Goldman note seen by Reuters on Friday showed. The note, […]
