Wall Street

New Business

OpenAI to pay Amazon US$38 billion in 7-year cloud services deal

OpenAI has signed a seven-year, US$38 billion deal to buy cloud services from Amazon.com, in its first big push to…

Read More »
New Business

HSBC names new CEO of ring-fenced UK division amid biggest overhaul in a decade

HSBC Holdings has named David Lindberg CEO of its ring-fenced UK bank, ending a long search, as the lender undergoes…

Read More »
New Business

Hong Kong stocks drop by most in 2 weeks amid AI bubble fears, track Wall Street

Hong Kong stocks fell on Wednesday, tracking Wall Street’s retreat from record highs amid growing concerns that the artificial intelligence…

Read More »
New Business

Macroscope | Beware of rising bond yields and falling markets

The tsunami of liquidity washing through financial markets now threatens to drown us all in a destructive wave. Markets are…

Read More »
New Business

Hong Kong stocks slip as Fed’s priced-in rate cut fails to excite investors

Hong Kong stocks wavered on Thursday, tracking Wall Street’s muted finish, after the Federal Reserve signalled a conservative approach on…

Read More »
New Business

Oracle shares surge 26% on cloud growth and OpenAI energy deal

Oracle surged to a record high in extended trading after the company posted a major increase in bookings and gave…

Read More »
New Business

How China’s open-source AI is helping DeepSeek, Alibaba take on Silicon Valley

July 9, 2024, may be remembered as a day of humiliation for China’s artificial intelligence community. On that day, US…

Read More »
New Business

China’s property slump could extend into 2027 with further price drops: Goldman Sachs

China’s prolonged property downturn could extend into 2027 with another 10 per cent decline in real home prices, as policymakers…

Read More »
New Business

The View | China’s housing woes demand action, even if investors look away

As recently as last month, S&P Global Ratings struck a cautiously optimistic tone on the outlook for China’s housing market.…

Read More »
New Business

Developing | Chery’s stock to debut in third quarter as carmaker uses Hong Kong as global springboard

Chery Automobile, China’s second-largest automobile maker by volume, is aiming to complete its initial public offering (IPO) in Hong Kong…

Read More »
Back to top button