BEIJING (Reuters) – Intel will release two AI chips with reduced capabilities for the Chinese market, in order to comply with U.S. export controls and sanctions. The two chips, HL-328 and HL-388, are scheduled for launch in June and September, respectively, according to a white paper on the company’s website dated April 12. Tech outlet …
Intel to launch two AI chips for China with reduced capabilities Read More »
HONG KONG (Reuters) – HSBC is laying off around a dozen of its Asia investment banking staff, a person with knowledge of the matter told Reuters on Tuesday. Bankers in Hong Kong and Singapore are impacted as the lender cuts costs due to slowing dealmaking activity, the person and a second source said. “The size …
HANOI (Reuters) -Apple Inc wants to boost its investment in Vietnam, state media quoted the U.S. tech giant’s CEO Tim Cook as saying in Hanoi on Tuesday, a day after the U.S. company said it wanted to increase spending on suppliers in the Southeast Asian nation. Vietnam is already a key manufacturing hub for Apple …
Apple says it wants to spend more on suppliers in Vietnam Read More »
(Reuters) – Foreign investors significantly reduced their holdings in Asian bonds last month, as traders reassessed their expectations of a U.S. Federal Reserve rate cut amid persistent inflationary pressures. Additionally, caution over national elections in South Korea and India also affected capital flows into the region. Foreign investors offloaded last month a net $4.7 billion …
Asian bonds see first monthly outflow in five on easing US rate-cut hopes Read More »
By Summer Zhen HONG KONG (Reuters) – Asia-focused hedge funds started 2024 with a strong first quarter, cashing in on a prolonged rally in Japanese stocks, a tentative turnaround in Chinese equities, and a boom in artificial intelligence (AI) stocks. Most stock markets across Asia – from Japan and India to mainland China – ended …
Asia hedge funds benefit in Q1 from Japan rally, recovery in China Read More »
LONDON (Reuters) – Pakistan Finance Minister Muhammad Aurangzeb said on Monday he would hold talks with the International Monetary Fund (IMF) during his visit to Washington and hoped to get a new loan agreement in place as soon as possible. Pakistan and the IMF last month reached a staff-level agreement on the second and last …
Pakistan hopes to secure new IMF loan as quickly as possibly, finance minister says Read More »
By Juveria Tabassum and Abigail Summerville (Reuters) -Coach parent Tapestry’s $8.5 billion deal to buy Michael Kors owner Capri Holdings has received regulatory clearance from the European Union and Japan, the companies said on Monday. The merger, which would bring top luxury labels such as Tapestry’s Kate Spade, Stuart Weitzman and Capri’s Jimmy Choo and …
Tapestry merger with Versace owner Capri gets EU, Japan approval Read More »
By Selena Li HONG KONG (Reuters) – BNP Paribas has received approval from the Chinese securities watchdog to set up a wholly-owned securities brokerage arm in China, the latest foreign financial firm making inroads into the world’s second largest economy. China Securities Regulatory Commission (CSRC) granted its permission to the Paris-headquartered financial group on Friday, …
China approves BNP Paribas plan for fully-owned securities brokerage unit Read More »
By Leika Kihara TOKYO (Reuters) – The Bank of Japan is shifting to a more discretionary approach in setting policy, with less emphasis on inflation, sources said, as the central bank maps its monetary path following the historic decision to end a radical stimulus programme in March. With monetary settings seen on hold, market players …
BOJ’s new policy approach takes shine off its inflation forecasts Read More »
By Summer Zhen and Jason Xue HONGKONG/SHANGHAI (Reuters) -Hong Kong gave initial approval to its first spot bitcoin and ether exchange traded funds (ETFs) on Monday, money managers said, paving the way for the city to become Asia’s first to accept the cryptocurrencies as a mainstream investment tool. At least three offshore Chinese asset managers …
Hong Kong gives initial approval to first bitcoin, ether spot ETFs, say funds Read More »
