Signage ahead of the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 15th, 2024.Adam Galici | CNBCThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no...
Euro zone inflation is moving in the right direction, Portugal's central bank governor Mario Centeno said Tuesday, despite his peers on the European Central Bank Governing Council striking a more hawkish tone in recent days."We target medium term inflation, we don't target February inflation, and...
State-backed Chinese semiconductor equipment giant Naura Technology Group expects its 2023 revenue to jump by around half from a year earlier, as leaps in its technology helped it gain a larger market share in the country.The company said in a regulatory filing on Monday evening...
Pro-Iranian Hezbollah militants chant slogans as they walk in the beginning of the funeral procession of the party top commander Wissam tawil in the southern Lebanese village of Khirbit Selem.Picture Alliance | Picture Alliance | Getty ImagesIs a wider Middle East war — expanding beyond...
Microsoft is opening up its artificial intelligence assistant to consumers and making the corporate version available to smaller companies as it tries to increase the number of paying customers for the new services.Microsoft is selling a US$20-a-month consumer version of Copilot, with access to OpenAI’s...
Hong Kong stocks declined for a third day before a key release of 2023 economic data that is expected paint a mixed picture for China’s recovery.The Hang Seng Index fell 0.2 per cent to 16,182.02 as of 10am local time to hover around a...
Blackstone, the world’s largest alternative asset manager, will double employee headcount in its private-equity business in Singapore within the next two years, a top executive said, as it looks to tap into a growing number of deals in Southeast Asia.The expansion in Singapore will also...
Banks and brokers are waiving a range of fees for retail investors eyeing Airport Authority Hong Kong (AAHK)’s highly anticipated HK$5 billion (US$640 million) bond, which opens for subscription on Wednesday.HSBC, Hong Kong’s biggest bank, plans to waive eight types of charges for the airport...
Companies touting their artificial intellgience products dominated the Promenade, the main road in Davos. In past years at the World Economic Forum annual meeting, cryptocurrency firms were the most prominent down the Promenade. But AI fever has taken over in 2024.Arjun Kharpal | CNBCDAVOS, Switzerland...
China’s enhanced regulatory scrutiny of financial leasing companies could drive out smaller participants and accelerate industry consolidation, according to analysts.The National Administration of Financial Regulation (NAFR), which oversees the country’s financial industry with a specific remit to look at market risks, said in January that...