News
Important Only
Hong Kong police arrest construction firm bosses over fire; death toll hits 83 with scores missing
Several residential high-rises engulfed in flamesFirefighters battle to reach those feared trappedPolice arrest three construction firm officials Renovation contractors held in manslaughter probeBy Tyrone Siu, Joyce Zhou and Jessie Pang HONG KONG, Nov 27 (Reuters) - Hong Kong police arrested the ...Reuters
Thu, Nov 27
Vanke bonds plunge on plan to delay repayment, revive China property concerns
Vanke seeks bondholder approval to delay 2 bln yuan bond repaymentVanke's financial troubles could impact broader property sectorShenzhen Metro's liquidity support crucial for Vanke's finances SHANGHAI/HONG KONG, Nov 27 (Reuters) - China Vanke's 2202.HK bonds plunged on Thursday a...Reuters
Thu, Nov 27
Apple single-handedly drives Singles' Day smartphone sales growth
SHANGHAI, Nov 27 (Reuters) - Strong demand for Apple's iPhone during China's Singles' Day shopping festival single-handedly drove growth in smartphone sales during the period, research firm Counterpoint said on Thursday.Apple AAPL.O accounted for 26% of all smartphones sold over the ...
Reuters
Thu, Nov 27
Japan to consider mid-year review of bond sales plan, MOF official says
TOKYO, Nov 27 (Reuters) - Japan's Ministry of Finance (MOF) will consider conducting a mid-year review of its annual bond issuance plan given strong support for the idea in a meeting with bond market participants, a senior ministry official said on Thursday.Almost all the part...Reuters
Thu, Nov 27
Alibaba starts selling Quark AI glasses in China, enters global wearables race
SHANGHAI, Nov 27 (Reuters) - Alibaba 9988.HK released on Thursday its new Quark artificial intelligence glasses in China, heralding the Chinese tech company's efforts to break into the AI wearables market dominated by Meta META.O. Prices will start from 1,899 yuan ($268.25) for the headset that ...Reuters
Thu, Nov 27
Sterling snaps five-day rally versus the dollar, caution on UK budget
Nov 27 (Reuters) - Sterling snapped a five-day rally on Thursday as investor focus shifted back to economic fundamentals, with analysts questioning whether the fiscal tightening announced in the budget on Wednesday will actually be implemented.The greenback edged up against its...
Reuters
Thu, Nov 27
Taiwan raids former TSMC exec's home in trade secrets probe
By Wen-Yee Lee and Ben Blanchard TAIPEI, Nov 27 (Reuters) - Taiwan prosecutors said on Thursday investigators had raided the homes of a former senior TSMC executive and seized computers after the company accused him of leaking trade secrets, something his current employer Intel INTC.O has denied....Reuters
Thu, Nov 27
Nikkei ends more than 1% higher as tech stocks gain on Wall Street rally
TOKYO, Nov 27 (Reuters) - Japan's Nikkei share average rose more than 1% on Thursday in its third straight session of gains, as technology heavyweights tracked their Wall Street peers higher.The Nikkei .N225 climbed 1.23% to 50,167.1, closing above the key 50,000 level for the...Reuters
Thu, Nov 27
Broadcom Shares Rocket over 3% to Hit Record High After Goldman Sachs Hikes PT to $435 from $380
Shares of Broadcom rise 3.26% to $397.57, hitting a new record high, after Goldman Sachs raised its price target on Broadcom to $435 from $380.The firm kept its Buy view and set a clear focus on the company’s coming results on December 11. The bank said investors will look for signs of steady growth
Tiger News
Thu, Nov 27
Pentagon seeks to add Alibaba, Baidu, BYD to China military list, Bloomberg News reports
Nov 26 (Reuters) - The Pentagon has concluded that Alibaba Group Holding 9988.HK, Baidu Inc 9888.HK and BYD Co 1211.HK should be added to a list of companies that aid the Chinese military, Bloomberg News reported on Wednesday.Deputy Defense Secretary Stephen Feinberg informed lawmakers of the concluReuters
Thu, Nov 27
Japanese Yen strengthens against weaker USD amid intervention fears; BoJ rate hike bets
The Japanese Yen (JPY) gains some positive traction during the Asian session on Thursday and stalls its modest pullback from a one-week top, touched against a broadly weaker US Dollar (USD) the previous day.
Fxstreet
Thu, Nov 27
Nvidia rebuts critics in memo to analysts amid pushback campaign
SAN FRANCISCO, Nov 26 (Reuters) - Nvidia NVDA.O, the world's most valuable company, has gone on the defensive against skeptics of its $4.5 trillion valuation, down from a historic $5 trillion, by waging an information campaign on Wall Street and social media.
Reuters
Thu, Nov 27
China's tech giants move AI model training overseas to tap Nvidia chips, FT reports
Nov 27 (Reuters) - Top Chinese firms are training their artificial intelligence models abroad to access Nvidia's NVDA.O chips and avoid U.S. measures aimed at curbing their progress in advanced technology, Financial Times reported on Thursday.Alibaba 9988.HK and ByteDance are among the tech grou...Reuters
Thu, Nov 27
JP Morgan shifts outlook on Fed rate cut to December
Nov 26 (Reuters) - J.P. Morgan said it now expects the U.S. Federal Reserve to deliver a quarter-point interest rate cut in December, changing its previous view that policy makers would hold rates steady until January next year."While the next FOMC meeting remains a close call, we now believe th...Reuters
Thu, Nov 27
South Korea signals end to rate cuts as FX, price risks grow
SEOUL, Nov 27 (Reuters) - South Korea's central bank kept interest rates unchanged for a fourth straight meeting on Thursday as a tumbling won reduced scope for further easing, signalling the bank could be nearing the end of its current rate cut cycle.Reuters
Thu, Nov 27
China ride-hailing giant Didi posts 8.6% revenue rise in third quarter
BEIJING, Nov 26 (Reuters) - China's Didi Global reported an 8.6% rise in third-quarter revenue as its international business accelerated and its domestic market remained stable.Revenue at China's largest ride-hailing platform reached 58.6 billion yuan ($8.28 billion)...Reuters
Wed, Nov 26
Britain's pound, bonds rally after OBR forecasts
LONDON, Nov 26 (Reuters) - Sterling jumped to session highs, while UK government bond prices rose sharply on Wednesday, after the independent Office for Budget Responsibility released its forecasts early, offering a more upbeat view of Britain's economy and finances.Sterling GBP= rose to a sessi...Reuters
Wed, Nov 26
