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China's Liang Wenfeng is being hailed as an AI hero after his startup DeepSeek caused a market rout in the US. The AI startup's cost-effectiveness has shocked investors and scientists, with US stocks losing a collective $1 trillion in value.
Published on: January 28, 2025, 08:02 AM UTC
Alternative investment firm Arcapita Group Holdings is considering setting up a real estate investment trust (REIT) to house its Middle Eastern property assets, worth at least $1 billion.
Published on: January 28, 2025, 08:01 AM UTC
Taiwan's economy ministry says the semiconductor business between Taiwan and the US is a "win-win" model, responding to tariff threats from US President Donald Trump.
Published on: January 28, 2025, 08:00 AM UTC
Senior ANZ Group credit traders Ming Wo, Duncan Robinson, and Adam Hall have joined Standard Chartered as the region experiences a vibrant credit market.
Published on: January 28, 2025, 08:00 AM UTC
Smithfield Foods prices IPO below forecast, raising $521.7 million, below the $23-$27 per share range that would have raised as much as $939.6 million.
Published on: January 28, 2025, 07:02 AM UTC
Mitsubishi UFJ Financial Group's stock hits record high as Japanese banks gain on rising interest rates. The Bank of Japan raises rates, boosting lending income. Other banks also rise, and the Topix index adds 2.2%. Japanese banks profit from buybacks and the weaker yen.
Published on: January 28, 2025, 07:00 AM UTC
Listen to Living Not So Fabulously for valuable advice on how small business owners can navigate the current political landscape and find opportunities for growth.
Published on: January 28, 2025, 06:02 AM UTC
Investors Panic as Chinese AI Startup Sparks Tech Sell-Off, But Analysts Remain Optimistic
Published on: January 28, 2025, 06:01 AM UTC
Europe's top software maker SAP is now more optimistic about its full-year financial results, primarily due to the accelerated growth of cloud revenue. For 2025, the company projects an operating profit between €10.3 billion – €10.6 billion, with cloud revenue ranging from €21.6 billion to €21.9 billion.
Published on: January 28, 2025, 06:01 AM UTC
Smithfield Foods, the top U.S. pork processor, priced its initial public offering at $20 per share raising $521.7 million, below its forecast range of $23 to $27 per share.
Published on: January 28, 2025, 06:00 AM UTC