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News
DeepSeek taps CITIC Securities for potential Shanghai IPO as AI funding race intensifies
3+ day, 22+ hour ago (694+ words) Chinese artificial intelligence startup DeepSeek has hired CITIC Securities to prepare for a potential initial public offering on Shanghai’s technology-focused STAR Market, as the AI developer seeks fresh capital to expand computing infrastructure and retain talent, two people familiar with…...
Japan????s Foreign Reserves Suffer Record Drop as Yen Intervention Intensifies
6+ day, 16+ hour ago (841+ words) Reserves fall 6.18% in August as Tokyo’s dollar-selling interventions and rising global bond yields weigh on holdings Japan’s foreign-exchange reserves recorded their sharpest monthly decline since comparable records began in 2000, falling 6.18% in August as Tokyo’s efforts to support the yen coincided…...
U.S. SEC Sues Proxy Adviser ISS Over Subpoena as Trump Administration Intensifies Oversight
1+ week, 16+ hour ago (575+ words) The U.S. Securities and Exchange Commission has sued Institutional Shareholder Services to compel the influential proxy adviser to provide information sought in a regulatory investigation, escalating the Trump administration’s effort to scrutinize companies that shape how investors vote their shares. The…...
South Korea???s Exports Smash Annual Record as AI Chip Boom Propels Trade Toward $1 Trillion
1+ week, 23+ hour ago (839+ words) South Korea’s exports have already exceeded last year’s full-year record, putting Asia’s fourth-largest economy on course to join an elite group of nations with annual overseas sales above $1 trillion as the global artificial intelligence boom fuels unprecedented demand for its…...
Foxconn Raises Third-Quarter Outlook as AI Server Demand Drives Record Revenue
1+ week, 1+ day ago (975+ words) The Taiwanese company, formerly known as Hon Hai Precision Industry, said on Saturday that its visibility into the third quarter had improved from the previous month, with AI demand continuing to expand and information and communications technology products entering their…...
Citadel Explores U.S. Oil Acquisitions as Hedge Fund Expands Into Physical Energy Assets
1+ week, 2+ day ago (922+ words) Citadel has held talks to acquire U.S. oil production assets as the hedge fund and commodities trading giant considers expanding its ownership of physical energy resources, five people familiar with the matter told Reuters. The firm founded by Ken Griffin was…...
South Korea, U.S. Discuss Chip Investments as Washington Weighs New Semiconductor Tariffs
1+ week, 2+ day ago (668+ words) South Korea and the United States are discussing semiconductor investments in the U.S. as part of broader bilateral negotiations, a Seoul presidential official said Friday, as Washington prepares a targeted tariff policy for imported chips that could affect two of Asia’s…...
California, 11 States Urge Court to Reject Paramount???s $1.88bn Bond Request Over Warner Bros Deal
1+ week, 5+ day ago (636+ words) California and 11 other states have urged a federal judge to reject Paramount Skydance’s request for a $1.88 billion bond to offset the financial costs of delaying its proposed $110 billion acquisition of Warner Bros Discovery, escalating a legal battle that could determine…...
Bessent Says Yen Slide Is???Pretty Well Contained??? as Markets Weigh BOJ Rate Hikes and Takaichi???s Fiscal Push
1+ week, 6+ day ago (905+ words) U.S. Treasury Secretary Scott Bessent said the yen’s latest decline is not disorderly enough to warrant concern, signaling that Washington is not currently pressing Japan for another currency intervention even after the yen fell below the closely watched 160-per-dollar threshold. The…...
China Opens $119 Billion Financing Programme As Investment Slump Puts Pressure On Growth
2+ week, 6+ day ago (1035+ words) China has opened applications for an 800 billion yuan ($119 billion) policy-based financing programme for local government projects, stepping up efforts to revive investment and support economic growth as a sharp contraction in fixed-asset spending raises pressure on Beijing to deliver additional…...