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19 Jan China stocks rout exposes risk from US$30 billion of little-known leveraged ‘snowball’ derivatives

Posted at 07:45h in Asia

Snowball products have been gaining popularity among investors seeking high-yielding assets. As long as the underlying indices the products track trade above the predetermined level set in the prospectus, holders are paid bond-like coupons, typically around 10 per cent annually. But if the products breach...

19 Jan Bridgewater nearly doubles its China assets to about 40 billion yuan as investors flock to its funds

Posted at 07:40h in Asia

Hedge fund Bridgewater Associates’ China business is set to grow to about 40 billion yuan (US$5.56 billion) following a fresh round of fundraising, a source familiar with the matter said, marking a doubling of assets over the past year while local rivals have struggled.The US...

19 Jan India goes big to woo investors at World Economic Forum

Posted at 06:45h in Europe

India's position on the global value chain is shifting due to government incentives and a digitally savvy economyGetty PremiumsDAVOS, Switzerland — Along the Davos Promenade, attendees of the World Economic Forum stumble across the WeLead Lounge, a repurposed storefront showcasing India's female leadership and talent....

19 Jan AI will be fine regardless of who wins White House

Posted at 06:34h in Europe

Sam Altman, chief executive officer of OpenAI, at the Hope Global Forums annual meeting in Atlanta, Georgia, US, on Monday, Dec. 11, 2023.Dustin Chambers | Bloomberg | Getty ImagesDAVOS, Switzerland — OpenAI founder and CEO Sam Altman said generative artificial intelligence as a sector, and...

19 Jan Sustainability: China proposes first standards for recycling wind turbines to manage imminent surge of retired equipment

Posted at 05:28h in Asia

China has issued its first set of proposed standards for recycling retired onshore wind turbines, laying the foundation for tackling supply chain sustainability challenges arising from renewable energy generation.The proposed standards prioritise reuse and recycling of wind blades, while banning landfilling and burning, according to...

19 Jan ChatGPT boosted user numbers and time spent on Microsoft’s Bing, but fails to dent Google’s search dominance

Posted at 03:51h in Asia

The new Bing – powered by OpenAI’s generative artificial intelligence (AI) technology – dazzled internet users with conversational replies to queries asked in a natural way.But Microsoft’s search engine ended 2023 with just 3.4 per cent of the global search market, according to data analytics...

19 Jan Reddit aims to launch IPO in March, sources say, in first stock market debut of a social media firm since 2019

Posted at 02:46h in Asia

Social media platform Reddit has drawn up detailed plans to launch its initial public offering (IPO) in March, moving forward with a listing it has been eyeing for more than three years, according to people familiar with the matter.It would be the first IPO of...

19 Jan Hong Kong stocks rise for second day, trimming weekly loss with AIA, SMIC, BYD posting gains on valuation appeal

Posted at 02:32h in Asia

Stocks in Hong Kong rebounded for a second day as traders deemed the market’s slump this week to the lowest level in 14 months as excessive. Some valuation measures reached near all-time lows.The Hang Seng Index climbed 0.6 per cent to 15,483.85 as of...

19 Jan China remains a tough market to stage a comeback for world’s former top smartphone vendor Samsung

Posted at 01:30h in Asia

This article was first published by The Korea Times in a partnership with the South China Morning Post.A resident of eastern Jiangsu province, 48-year-old Shen Ling used to own a number of Samsung Electronics smartphones in the 2010s, attracted by the devices’ well-designed...

19 Jan Top CEOs fear that volatile supply chains are now just the new normal

Posted at 00:03h in Europe

The Ebba Maersk container ship, operated by A.P. Moeller-Maersk A/S, leaves Suez port and heads towards the Red Sea after passing through the Suez Canal in Suez, Egypt on Saturday, April 6, 2013. Kristian Helgesen | Bloomberg | Getty ImagesDAVOS, Switzerland — Top CEOs are closely...

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