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Category: FINANCE

Posted on 14/09/2023

Stock market today: Asian shares mostly higher after US inflation data ease rate hike worries

Shares are mostly higher in Asia after a highly anticipated report showed inflation accelerated across the U.S. in August, but not by much more than expected. The subdued increase in prices eased ... ( read original story ...)

Posted on 13/09/2023

Stock market today: Asian shares slide after tech, rising oil prices drag Wall St lower

Shares have declined in Asia after falling on Wall Street ahead of a highly anticipated report on U.S. inflation due later in the day. ( read original story ...)

Posted on 12/09/2023

Why China is restricting IPOs to drive up US$9.7 trillion onshore stock market

The Shanghai Composite Index has risen by an average of 16 per cent during the previous nine suspensions of IPOs carried out by the regulator to bolster sentiment, according to China Fortune ... ( read original story ...)

Posted on 12/09/2023

Alibaba set to unleash AI that offers financial advice – do you feel lucky?

Claims it's already comparbale to finance industry pros and capable of recommending insurance plans Alibaba's fintech arm, Ant Group, has unveiled a large language model and related applications for ... ( read original story ...)

Posted on 12/09/2023

New Alibaba Group CEO lays out strategic priorities for staff -letter

New Alibaba Group CEO Eddie Wu has told staff the tech giant's two main strategic focuses going forward will be "user first" and "AI-driven", according to an internal letter reviewed by Reuters. ( read original story ...)

Posted on 11/09/2023

Exclusive-China’s central bank to scrutinise bulk dollar purchases – sources

BEIJING/SHANGHAI (Reuters) -China’s central bank is tightening its scrutiny of bulk dollar purchases by domestic firms, three sources with direct knowledge of the matter said on Monday, at a time when ... ( read original story ...)

Posted on 11/09/2023

Exclusive-China’s Central Bank to Peruse Bulk Dollar Purchases – Sources

BEIJING/SHANGHAI (Reuters) - China's central bank is tightening its scrutiny of bulk dollar purchases by domestic firms, three sources with direct knowledge of the matter said on Monday, at a time ... ( read original story ...)

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