The new unit, called NextEvo, will drive and coordinate Ant’s core AI efforts, according to people familiar with the matter. Source link ...
A reversal in globalisation and challenges faced by Western financial system are presenting fresh opportunities for Islamic finance to gain a stronger foothold and influence among consumers and investors in Asia-Pacific, an industry expert said.Hong Kong is well-positioned to leverage its status as a...
Toronto resident Chris Moore, whose daughter Danielle was killed in the Ethiopian Airlines crash of a Boeing 737 Max in 2019, said he wasn't surprised when he heard of the mid-air blowout on a Boeing 737 Max 9 jet earlier this month."It's just a matter of time before something...
Weary Canadian households, clobbered by nearly two years of rising prices and skyrocketing interest rates, will have to wait a little longer for relief on their borrowing costs.The Bank of Canada left its key overnight lending rate unchanged at five per cent on Wednesday, citing the...
Sectors related to clean energy were the biggest contributors to China’s economic growth in 2023, accounting for around 40 per cent of China’s GDP expansion last year, which analysts say is a “major pivot” in the world’s second-biggest economy.China invested an estimated 6.3 trillion yuan...
Shein investors are trying to sell shares in private market deals that value the online fashion giant at as low as US$45 billion, reflecting dwindling appetite for a company struggling with intensifying competition and regulatory scrutiny ahead of a long-awaited US debut.Shareholders offered stock at...
Hong Kong’s role as a “superconnector” between the capital markets of mainland China and the rest of the world will continue because of hugely untapped investment opportunities, Nicolas Aguzin, the CEO of bourse operator Hong Kong Exchanges and Clearing (HKEX), told the ...
When Volkswagen spun off Porsche in late 2022, the investment community had visions of a supercar stock to rival Ferrari. The dream is yet to become a reality, and some investors are doubting it ever will.While Ferrari shares have soared more than 50 per cent...
Hong Kong’s role as the trading hub for offshore yuan will get a leg up from the policies unveiled by the People’s Bank of China to enhance wealth management and the Bond Connect transborder investment channel, according to speakers at the Asian Financial Forum (AFF).The...
China’s latest efforts to prop up the stock market are set to lift investor confidence and stock valuations, according to UK asset manager abrdn. More policy consistency from the top leadership over time could help restore stability after a slump this month.The central bank’s unexpected...