Category: Business

By Selena Li HONG KONG (Reuters) – Abrdn is in advanced talks with Citic Bank to launch an asset management joint venture in China, two people with knowledge of the matter said, as the British firm looks to bolster its presence in the world’s second-largest economy. The discussions follow a warming in British-Sino relations and

By Rae Wee SINGAPORE (Reuters) – The yen hit its strongest level in over two months on Thursday as investors ramped up bets on further rate hikes from the Bank of Japan (BOJ) this year, while concerns about new tariff threats from U.S. President Donald Trump kept markets on edge. The yuan got a lift

NYSE: RDDT Coatue Management revealed a $1 billion Reddit stake as of the fourth quarter. Reddit stock has been on a tear, nearly tripling since October amid solid earnings. The hedge fund also revealed a reduction in Chinese stocks and new positions in several tech names. A closely followed hedge fund bet big on Reddit

ReadySet Surgical has joined forces with LGI Healthcare Solutions that allows Meditech software users to connect with advanced applications easily. This helps optimise bill-only processes while enhancing the surgical supply chain efficiency. LGI Healthcare Solutions president and CEO Michel Desgagné said: “Our collaboration with ReadySet Surgical represents a pivotal advancement in our mission to empower

HONG KONG (Reuters) – The Hong Kong shares of Baidu plunged on Monday, wiping $2.4 billion off its market value, after the founder of the Chinese search engine giant was not spotted at a rare meeting between President Xi Jinping and corporate leaders. Xi hosted a symposium in Beijing with the country’s top tycoons, including

(Bloomberg) — DeepSeek’s breakthrough in artificial intelligence is helping drive a rotation of stock funds back into China from India. Most Read from Bloomberg Progressive Portland Plots a Comeback Why American Mobility Ground to a Halt How to Build a Neurodiverse City A Filmmaker’s Surreal Journey Into His Own Private Winnipeg SpaceX Bid to Turn

By Suzanne McGee (Reuters) – Asset managers, ranging from wealth management companies to hedge funds and pension funds, boosted allocations to U.S. exchange-traded funds tied to the price of bitcoin in the fourth quarter of 2024, as the price of the world’s largest cryptocurrency soared 47%, according to recent regulatory filings. The State of Wisconsin

HONG KONG (AP) — Asian stocks were mostly up Friday on the back of a near-record rally on U.S. stocks, as investors paid little attention to U.S. President Donald Trump’s latest tariff threats. Hong Kong’s Hang Seng index surged 3.14% to 22,499.72, while the Shanghai Composite was up 0.43% to 3,346.72. The Nikkei 225 slid

By Casey Hall SHANGHAI (Reuters) -Alibaba will partner with Apple to support iPhones’ AI services offering in China, its chairman said on Thursday, a move likely to help the U.S. company ease falling smartphone sales in its key market. For Alibaba, the partnership is a major win in China’s competitive AI market that is home

By Dharamraj Dhutia MUMBAI (Reuters) -India’s central bank hiked the quantum of funds that it intended to inject into the banking system through an overnight infusion on Wednesday, after aggressively intervening in the foreign exchange (FX) market in the last two sessions. The Reserve Bank of India (RBI) had offered to pour in 2.50 trillion