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Gold prices could hit record highs of over US$4,900 next year: forecasts

Several major banks forecast that gold prices will shake off a recent correction and hit an all-time high next year,…

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Yuan’s long-term hedge costs equalise for first time since 2011

An options market gauge showing the cost to hedge against declines or advances in the yuan has turned neutral for…

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UBS’ China property optimist retreats from bullish calls, foresees deeper slump

John Lam, UBS’ head of China property research and a long-time contrarian, is retreating from his earlier bullish calls and…

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As homes fail to sell in mainland China’s depressed market, sellers turn to superstition

For homeowners in mainland China, selling a property has become so difficult that some are turning to xuanxue, a neo-Taoist…

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Nvidia’s latest earnings run into a market suddenly afraid of AI spending

Wall Street will get a sense of where the billions of dollars being spent on artificial intelligence are going when…

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Bitcoin erases year’s gain as crypto bear market deepens

Just a little more than a month after reaching an all-time high, bitcoin has erased the more than 30 per…

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Tencent posts 19% jump in third-quarter profit on AI-related gains, beating estimates

Revenue for the Shenzhen-based firm reached 192.9 billion yuan (US$27.1 billion), up from 167.2 billion yuan in the same period…

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Hong Kong stocks fall from 1-month high as investors await Tencent earnings, China data

Hong Kong stocks retreated from a one-month high on Thursday as investors held off bets ahead of quarterly results from…

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Nexperia chips have begun flowing to Europe again, auto suppliers say

The first shipments of Nexperia chips are already on their way to Europe after Beijing granted exemptions to its export…

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New Business

Apple nears US$1 billion-a-year deal to use Google’s Gemini AI model for Siri

Following an extensive evaluation period, the two companies are now finalising an agreement that would give Apple access to Google’s…

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