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GLOBAL MARKETS-Stocks skid, gold gains as tariffs wipe out inflation relief
Asian equities flip from early gains to lossesTrump's back and forth on tariffs weighs on sentimentUncertainty lifts gold to within $10 of record highBy Kevin Buckland TOKYO, March 13 (Reuters) - Stocks sank in Asia on Thursday, reversing initial gains, as worries about the economic impact of...Reuters
Thu, Mar 13
SY Holdings Deploys DeepSeek AI, Pioneering Supply Chain Innovation
SY Holdings Group Limited ("SY Holdings", stock code: 06069.HK), a leading supply chain technology platform in China, officially announced that its "SY Cloud Platform" has integrated with the domestic open-source large model, DeepSeek. This marks a crucial step for SY Holdings in actively embracing AI technology and exploring innovative applications, as well as a significant effort in response to the national "AI+" development strategy.The Central Economic Work Conference emphasized the launch of "AI+" initiatives to nurture future industries. The SY Cloud Platform leverages system integration with over 10 large core enterprises, established digital ecosystem around more than 1.5 million potential suppliers, and connected to more than 160 funding partners. This has accumulated a wealth of industrial ecosystem data and innovative practical experience. After integrating the DeepSeek large model and through high quality data training, SY Holdings aims to enhance the efficiency of its AI capability. This not only provides more precise and efficient inclusive financial services to small and medium-sized enterprises (SMEs) but also explores areas such as intelligent supplier management, automated supply chain business processes, and intelligent decision support for inventory management, sales, and procurement. SY Holdings is dedicated to advancing intelligent supply chain solutions, collaborating with industry stakeholders to drive the sector's digital transformation and smart evolution.In today’s digital economy, artificial intelligence has become a linchpin for firms seeking to bolster core competitiveness. SY Holdings’ integration of the DeepSeek large language model reflects both strategic foresight and practical operational alignment, addressing real-world business imperatives. SY Cloud Platform‘s integration with DeepSeek’s capabilities enables the firm to transition from data aggregation to advanced intelligent decision systems, harnessing cutting-edge natural language processing (NLP), deep knowledge reasoning, and multimodal analytics. For example, DeepSeek’s NLP capabilities now supercharge contract audits and transaction stream analysis, reducing manual labor and mitigating operational risks. This will effectively address the challenges in data management and protracted approval cycles endemic to traditional financial frameworks, empowering SY Holdings to swiftly address small businesses’ urgent, high-frequency financing needs.The DeepSeek large model has demonstrated unique adaptability in supply chain finance fraud detection, aligning well with SY Holdings' risk control philosophy of "transaction-focused, entity-light." The SY Cloud Platform can quickly parse large volumes of unstructured data, including contracts, transaction documents, delivery videos, and public opinion information, and conduct in-depth mining and correlation analysis of these multi-dimensional data. This helps SY Holdings construct more comprehensive profiling for corporates and transactions, which enables more precise risk assessment. For example, during contract parsing, it can identify key clauses, legal risk points, and detect fraudulent contracts. Additionally, DeepSeek's fully open-source strategy allows SY Holdings to quickly complete local deployment while ensuring data security and compliance.SY Holdings has prioritized platform-driven and technology-centric growth. To date, the firm has invested a cumulative total of nearly RMB 300 million in R&D, with almost 30% of its workforce dedicated to research and development. The company holds 80 national patents and software copyrights, spanning big data, cloud computing, and artificial intelligence (AI) technologies. Driven by sustained innovation and integration into industrial digital ecosystems, platform technology service revenue now accounts for 40% of total revenue, with net profit expected to grow over 30% in 2024. The strategic adoption of AI large models is projected to further accelerate this revenue growth.SY Holdings stated, “The global AI-driven transformation is reshaping industries, and we are fully committed to embracing this new era. Having integrated the DeepSeek large model into operations, the company is now actively testing advanced models such as ChatGPT, Llama, Qwen, and Dovetail to identify their potential applications in industrial supply chain management. Looking ahead, SY Holdings will continue to increase R&D investment and proactively drive AI-driven innovations, aiming to solidify its leadership in ‘AI + industrial supply chain’ solutions.”13/03/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Thu, Mar 13
India's Adani Green jumps after Macquarie starts with 'buy'
** Adani Green Energy ADNA.NS rises 3.3% to 881.4 rupees** Macquarie Equity Research initiates with "outperform", terming it structural renewable energy play** Sets PT of 1,200 rupees, a potential upside of 40.6%** Co targets 50GW renewable energy capacity by FY30 from 12GW currently** Macqu...Reuters
Thu, Mar 13
BREAKINGVIEWS-Couche-Tard lobs ball back to Seven & i's court
By Hudson Lockett HONG KONG, March 13 (Reuters Breakingviews) - What can you do when you can’t go hostile in a deal? For Alimentation Couche-Tard ATD.TO , the answer is a press conference. On Thursday, the Canadian owner of the Circle-K convenience store chain made the case for its takeover of Ja...Reuters
Thu, Mar 13
Google unveils Gemma 3: Open-source AI models that run on a single GPU
Alphabet Inc's Google (NASDAQ:GOOGL) has released Gemma (EGX:ECAP) 3, a new collection of open-source AI models designed to operate on a single GPU or TPU. The launch represents a significant step forward in democratizing advanced AI technology, making powerful language models accessible to...
Investing.com
Thu, Mar 13
MORNING BID EUROPE-Tariff worries weigh as CPI cheer fades
A look at the day ahead in European and global markets from Kevin BucklandWall Street's mild bounce on the back of a tame CPI reading did not provide much impetus for Asian markets, leaving European investors with little cause for optimism.One problem is that the inflation data, while offering s...Reuters
Thu, Mar 13
Adobe delivers soft guidance after Q1 results beat estimates
Investing.com - Adobe reported on Wednesday fiscal first-quarter results that beat analysts' forecasts, but reiterated its full-year guidance that fell short of estimates. Adobe announced adjusted earnings per share of $5.08 on revenue of $5.71 billion.
Investing.com
Thu, Mar 13
Japan's Nikkei tracks US peers higher, climbs nearly 1%
TOKYO, March 13 (Reuters) - Japan's Nikkei share average rose nearly 1% on Thursday, as gains of U.S. technology stocks lifted sentiment, prompting investors to scoop up heavyweight chip-related shares.The Nikkei .N225 was up 0.96% at 37,173.82 by the midday break, while the broader Topix .TOPX...Reuters
Thu, Mar 13
EMERGING MARKETS-Asian stocks rebound as US inflation cools; trade war woes persist
EM Asia stocks rebound from previous session's lossesMalaysian stocks rise as much as 1.5%Likely reciprocal tariff woes from April in EM Asia - analystBy Shivangi Lahiri March 13 (Reuters) - Most emerging Asian equities rebounded on Thursday, following the release of cooler U.S. inflation da...Reuters
Thu, Mar 13
EMERGING MARKETS-Asian stocks rebound as US inflation cools; trade war woes persist
EM Asia stocks rebound from previous session's lossesMalaysian stocks rise as much as 1.5%Likely reciprocal tariff woes from April in EM Asia - analystBy Shivangi Lahiri March 13 (Reuters) - Most emerging Asian equities rebounded on Thursday, following the release of cooler U.S. inflation da...Reuters
Thu, Mar 13
BREAKINGVIEWS-China and US hunker down for long shipping battle
By Ka Sing Chan HONG KONG, March 13 (Reuters Breakingviews) - A new flashpoint in U.S.-China relations has surfaced: shipbuilding. President Donald Trump's administration is preparing an executive order that will impose docking fees at American ports for Chinese-built or Chinese-flagged vesse...Reuters
Thu, Mar 13
Oracle Launches AI Centre of Excellence to Drive Innovation Across Southeast Asia
Singapore-based Oracle AI Centre of Excellence to serve as a regional hub of expertise to help organizations successfully adopt the latest AI innovations SINGAPORE, March 13, 2025 /PRNewswire/ -- Oracle CloudWorld Tour — Oracle today announced the launch of its AI Centre of Excellence in Singa...PR Newswire
Thu, Mar 13
INDIA STOCKS-IT stocks lead India's benchmark indexes higher at open
March 13 (Reuters) - India's benchmark indexes opened marginally higher on Thursday, tracking global market trends, and as investors drew comfort from softer-than-expected inflation data in the U.S. and India. The Nifty 50 .NSEI rose 0.15% to 22,501 as of 9:20 a.m. IST, while the Sensex ....Reuters
Thu, Mar 13
India's Jubilant Pharmova gains as US FDA closes inspection without urging action
** Shares of Jubilant Pharmova JUBA.NS jump 2% to 882.30 rupees ** U.S. FDA completes inspection of drugmaker's manufacturing site in Maryland, classifies it as "voluntary action indicated"** VAI indicates the agency is not prepared to take or recommend any administrative or regulator...Reuters
Thu, Mar 13
Adobe (ADBE) Q1 2025 Earnings Call Transcript
Image source: The Motley Fool.Adobe (NASDAQ: ADBE)Q1 2025 Earnings CallMar 12, 2025, 5:00 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood day, and welcome to the Q1 FY '25 Adobe earnings conference call. Today's conference is being recorded...The Motley Fool
Thu, Mar 13
Limoneira (LMNR) Q1 2025 Earnings Call Transcript
Image source: The Motley Fool.Limoneira (NASDAQ: LMNR)Q1 2025 Earnings CallMar 12, 2025, 4:30 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGreetings. Welcome to the Limoneira first quarter 2025 financial results conference call. At this time,...The Motley Fool
Thu, Mar 13
Tilly's (TLYS) Q4 2024 Earnings Call Transcript
Image source: The Motley Fool.Tilly's (NYSE: TLYS)Q4 2024 Earnings CallMar 12, 2025, 4:30 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood day and welcome to the Tilly's fourth quarter and full year 2024 earnings conference call. All partici...The Motley Fool
Thu, Mar 13
