(Reuters) – The European Union lags far behind the United States and China in investing in artificial intelligence, the CEO of AI chipmaker Nvidia said on Wednesday. While there are only a handful of artificial intelligence companies in Europe, such as France’s Mistral and Germany’s Aleph Alpha, the bloc passed the world’s first comprehensive rules …
EU lags US and China in AI investments, Nvidia CEO says Read More »
By Florence Tan and Sudarshan Varadhan SINGAPORE (Reuters) – Singapore’s expanding plans to tap into regional clean power markets will need to be economically attractive for producers and transmitters of electricity in order to succeed, industry executives said this week. Regional grid interconnection is central to Singapore’s strategy to decarbonise, with the country’s Energy Market …
Economic returns key to Singapore’s regional clean power plans Read More »
By Scott Murdoch and Donny Kwok HONG KONG (Reuters) -Drinks maker China Resources Beverage’s shares ended 15% higher in their Hong Kong debut on Wednesday, giving dealmakers hope that more big-ticket initial public offerings could be on the way. The company sold 347.8 million shares in the IPO at HK$14.50 each to raise $650 million. …
China Resources Beverage shares end 15% higher on Hong Kong IPO debut Read More »
By Uditha Jayasinghe COLOMBO (Reuters) -The Maldives has “phased out” a brief engagement with U.S. firm Centerview Partners on debt matters and the island nation will now focus on managing debt bilaterally, its deputy finance minister told Reuters. Dwindling foreign currency reserves had sparked fears that the Maldives could become the first country to default …
Maldives to focus on managing debt bilaterally, ends work with Centerview Read More »
BRUSSELS (Reuters) – Chinese security firm Nuctech said it had filed a new appeal against a decision by an EU court to reject its attempt to temporarily suspend the European Commission’s decision to inspect the company. A spokesperson for Nuctech said the appeal had been filed on Tuesday, against the earlier ruling by the Luxembourg-based …
China’s Nuctech launches new appeal against EU inspection of company Read More »
HANOI (Reuters) – Vietnam is planning to inject 20.695 trillion ($815 million) of capital into state-owned commercial lender Vietcombank, the country’s biggest bank, to boost its capacity to support government policy, the deputy prime minister said on Wednesday. The move was in line with the banking industry development plan for 2025 and the 2021-to-2025 restructuring …
Vietnam plans capital injection into Vietcombank to support policy goals Read More »
By Xinghui Kok SINGAPORE (Reuters) – Singapore’s key consumer price gauge rose 2.8% in September from a year earlier, higher than economists’ forecasts, official data showed on Wednesday. The core inflation rate, which excludes private road transport and accommodation costs, compared with a 2.7% forecast in a Reuters poll of economists and the 2.7% rate …
SINGAPORE (Reuters) -Singapore LNG Corporation (SLNG) has agreed to charter from a unit of Japan’s Mitsui O.S.K. Lines (MOL) a newly built floating storage and regasification unit (FSRU) as the island nation’s second import terminal for liquefied natural gas (LNG). SLNG, which operates Singapore’s sole LNG terminal, said on Wednesday that the new terminal, or …
Singapore LNG signs deal with Japan’s Mitsui OSK Lines for second LNG terminal Read More »
By Sam Nussey TOKYO (Reuters) -Tokyo Metro’s shares shot up 45% in their market debut on Wednesday after Japan’s largest initial public offering in six years bagged it $2.3 billion with the lure of sizeable dividends. Shares closed at 1,739 yen ($11.43) giving Tokyo Metro, one of the capital’s two major subway operators, a valuation of …
Tokyo Metro on market fast track with 45% jump in debut Read More »
By Karin Strohecker and Simon Jessop WASHINGTON (Reuters) – A new guide for countries and companies seeking financing for activities that have a positive and verifiable social or environmental impact could unlock an extra $200 billion a year for sustainable development, a JPMorgan executive told Reuters. The voluntary guidance issued on Wednesday by the finance-sector-led …
Finance guide could spur extra $200 billion for sustainable development, JPMorgan says Read More »
