- December 21st, 2024
Pony AI Inc., a leading autonomous-driving technology company, is pivoting its focus towards diversifying its supply chain and targeting international markets beyond the United States. This strategic shift, announced by CEO James Peng, comes amid escalating geopolitical tensions between Beijing...
The Biden administration is reportedly weighing new restrictions on the sale of semiconductor equipment and AI memory chips to China, intensifying the US campaign to limit Beijing’s technological advancement. This potential move, expected to be announced as early as next...
Shares of Japanese semiconductor-related companies soared on Thursday after reports emerged that the US government is considering milder-than-expected restrictions on exports of chip equipment and AI memory semiconductors to China. The announcement triggered a rally in Japan’s high-stakes chip manufacturing...
The Adani Group has clarified that Indian billionaire Gautam Adani and his associates have not been charged under the U.S. Foreign Corrupt Practices Act (FCPA). This statement, issued by Adani Green Energy Ltd. in a filing to the stock exchange...
The Bank of Korea (BOK) cut its seven-day repurchase rate by a quarter percentage point to 3% on Thursday, marking its second consecutive rate reduction in less than two months. The unexpected decision came alongside a downgraded economic growth forecast...
Asian stock markets displayed restrained movements on Thursday as traders opted for caution ahead of the US Thanksgiving holiday, a time traditionally marked by reduced activity in global financial markets. Bond yields softened across the region, while the Japanese yen...
The Mexican peso gained ground Thursday after President-elect Donald Trump described a "wonderful conversation" with Mexico’s President Claudia Sheinbaum, signaling potential cooperation on key bilateral issues. However, diverging statements on migration policy hinted at significant challenges ahead. The peso advanced...
Asian shares experienced subdued trading on Thursday, reflecting investor caution as fresh U.S. data showed stalled progress in lowering inflation. While the U.S. economy displayed resilience, uncertainty over the Federal Reserve's monetary policy for 2025 kept traders hesitant. The Thanksgiving...
Amid rising fears of a renewed U.S.-China trade war, Chinese state media have singled out certain American companies for their “strong collaboration” with local partners. This commentary comes as U.S. President Donald Trump prepares to take office for his second...
Oil prices dipped in Asian trading on Thursday, reflecting unease among investors after a surprising build in U.S. gasoline stocks ahead of the Thanksgiving holiday. The unexpected increase sparked concerns over demand in the world's largest consumer of motor fuel....
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