Tag: Asia Economy
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Chinese startup Moonshot AI unveils Kimi model it says rivals OpenAI, Anthropic
It’s the latest AI model from China to close the performance gap with leading U.S. AI labs.
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India’s biggest IPO this year rakes in bids worth $31 billion, powered by institutional frenzy
The IPO of India’s largest asset manager closed on Thursday, drawing keen interest from institutional investors.
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One of China’s top investors says finance, not AI, is the country’s biggest bottleneck
Finance would be China’s weak point in a prolonged rivalry with the U.S. which has the world’s deepest capital market, says Primavera Capital founder Fred Hu.
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Catching up in the AI race? India gets its second AI unicorn in a month
Two Indian AI startups have become unicorns in a month, which has raised hopes that the country could shed its reputation as an AI laggard.
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Foreign investors sweeten on Indian government bonds as equities see a sell-off
The Indian government bond market is drawing interest from foreign investors as it readies for a likely inclusion in Bloomberg index.
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U.S. slaps 25% tariff on most Brazilian goods over ‘unfair trade practices’
A separate U.S. probe into forced-labor enforcement could see an additional 12.5% duty on Brazilian goods on top of the 25%, with the decision due next week.
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Ex-Fed advisor gets over three years in prison for lying about China ties
The case marks one of the most prominent U.S. prosecutions alleging Chinese intelligence targeting of U.S. institutions, as Trump intensifies its pursuit of foreign economic espionage.
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CNBC Daily Open: Big Tech rally drowns out Iran war fears — Buffett urges caution
Stocks closed higher on Big Tech gains and a surprise drop in wholesale prices, shrugging off fresh U.S. strikes on Iran, a naval blockade.
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Bank of Korea raises rates to 2.75% in first hike in over three years
The 25 basis point hike by the Bank of Korea was in line with a survey of economists polled by Reuters.
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Inside India newsletter: Modi is exporting India’s workforce to a world turning against immigration
With its vast working-age population, India is signing labor mobility deals with several of its trading partners even as sentiment turns against immigration.
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