Alibaba Group Holding Ltd. and Tencent Holdings Ltd. have joined a $300 million financing for Baichuan, one of scores of Chinese AI startups hoping to capitalize on a surge of interest in developing ChatGPT-like services.
UK wage growth slipped in the three months to August, indicating a cooling of labor-market pressures that will make it easier for the Bank of England to keep interest rates on hold next month.
Hong Kong’s BC Technology Group Ltd. is exploring the sale of its crypto platform OSL, one of only two exchanges licensed under digital-asset rules the city introduced in June, people familiar with the matter said.
French investment group Wendel SE said it’s in exclusive talks to acquire a controlling stake in mid-market private equity firm IK Partners.
The Treasury market is serving up levels of volatility last seen during the pandemic-era turbulence of March 2020.
The clock is ticking for Country Garden Holdings Co. to avert its first-ever public dollar bond default, as some creditors said they still hadn’t gotten an interest payment just hours before a deadline.
Taiwan Semiconductor Manufacturing Co. has dropped plans to build an advanced chip plant in the island’s north, a pullback that comes after reports of growing local opposition to the move.
Investors offered to buy more than three times the amount of Australia’s new 31-year bonds that were sold, underscoring how the nation’s debt remained attractive during a period of elevated volatility in global debt markets.
Jupiter Fund Management Plc reported client outflows in the quarter, dragging down assets under management.
Reserve Bank of Australia staff are considering industrial action to demand a bigger pay increase after the latest round of wage negotiations left employees “angry and frustrated,” according to the Finance Sector Union.
