Equity markets diverged Wednesday as attention turned away from recent turbulence in tech stocks to the outlook for interest rates, with the Fed and the ECB both holding their first major meetings of the year.The Dow was little changed in late morning trading in New York, while the wider S&P and the tech-heavy Nasdaq were …
Stocks diverge, dollar steady before Fed rate decision Read More »
Stock markets diverged Wednesday as attention turned away from recent turbulence in tech markets to the outlook for interest rates, with the Fed and the ECB both holding their first major meetings of the year.The Dow was up slightly in early New York trading, while the wider S&P and the tech-heavy Nasdaq were lower.In Europe, …
Stocks diverge, dollar firmer before Fed rate decision Read More »
With around six million dollars and a stockpile of chips acquired before Washington banned their export to China, startup DeepSeek has produced what Chinese tech titans couldn’t — a world-class AI chatbot.The success will come with heightened scrutiny, both from Western governments with long-held suspicions about Chinese technology but also from Beijing, whose stern regulatory …
Upstart DeepSeek faces heightened scrutiny as AI wows Read More »
Stock markets mostly rose Wednesday, tracking a rally on Wall Street, where tech titans led by Nvidia recovered some of their hefty losses thanks to easing worries over Chinese artificial intelligence startup DeepSeek.Investors were awaiting the conclusion of the Federal Reserve’s interest-rate policy meeting later in the day as well as major earnings, including from …
Stocks firm after tech rout; dollar steady before Fed rate call Read More »
Chinese tourists visiting Thailand for Lunar New Year are worried about being kidnapped by gangsters to work in hellish scam centres, despite efforts to reassure them.Chinese nationals topped the list of visitors to Thailand last year, with nearly seven million making the trip to Thailand in 2024. But high-profile kidnappings on the Thai-Myanmar border have sent …
Fears of scam centre kidnaps keep Chinese tourists on edge in Thailand Read More »
US export controls on high-tech chips may have inadvertently fuelled the success of start-up DeepSeek’s AI chatbot, sparking fears in Washington there could be little it can do to stop China in the push for global dominance in AI.The firm, based in the eastern Chinese city of Hangzhou, has stunned investors and industry insiders with …
DeepSeek’s ‘Sputnik moment’ exposes holes in US chip curbs Read More »
Taiwan will consider supporting its domestic industrythe government said Wednesday, after US President Donald Trump warned he will soon place tariffs on overseas-made semiconductor chips.The self-ruled island is a global power in the manufacturing of chips, which are used in products from Apple’s iPhones to Nvidia’s artificial intelligence hardware and are a key driver of …
Taiwan could help industry after Trump warns of chip tariffs Read More »
Asian markets rose in holiday-thinned trade Wednesday, tracking a rally on Wall Street, where tech titans led by Nvidia recovered some of their hefty losses a day earlier as worries over Chinese AI startup DeepSeek subsided.Investors were also awaiting the conclusion of the Federal Reserve’s policy meeting later in the day as well as earnings …
Asian markets track Wall St bounce as Fed decision looms Read More »
Japanese electronics and entertainment giant Sony Group said Wednesday that it has promoted Hiroki Totoki to chief executive officer as part of a wider management reorganisation.Totoki, 60, joined in 1987 and is currently Sony’s chief operating officer, finance chief and president. From April 1, he will succeed Kenichiro Yoshida, who will remain chairman, Sony said in …
US stocks and shares in chip-making giant Nvidia on Tuesday clawed back some of their losses following a steep sell-off a day earlier triggered by the sudden success of Chinese artificial intelligence firm DeepSeek.American tech shares tanked Monday, with Nvidia tumbling almost 17 percent, after China’s DeepSeek unveiled its R1 chatbot, which it claims can …
Nvidia, US stocks close higher after Chinese AI shock Read More »
