Asian software and information-technology stocks surged after Nvidia Corp. unveiled a suite of new open-source AI models aimed at accelerating progress within quantum computing.
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Asian software and information-technology stocks surged after Nvidia Corp. unveiled a suite of new open-source AI models aimed at accelerating progress within quantum computing.
Indonesian sovereign wealth fund Danantara is doubling down on investments in the Middle East despite ongoing conflict in the region, Chief Investment Officer Pandu Sjahrir tells Bloomberg Television. (Source: Bloomberg)
The U.S. blockade of the Strait of Hormuz risks ratcheting up pressure on two of its most consequential relationships in Asia — India and China.
Japanese chemicals maker Asahi Kasei Corp. says it’s working to diversify sources of naphtha as the war in the Middle East curbs supplies.
Ida Liu, CEO at HSBC Private Bank, says clients are looking at Asia amid the conflict in the Middle East, but flows have been "very mild". She speaks with Yvonne Man and David Ingles from the sidelines of the HSBC Global Investment Summit in Hong Kong. (Source: Bloomberg)
Pakistan said it secured $3 billion in financial support from Saudi Arabia, helping to bolster its foreign exchange reserves and offset a loan repayment the country will make to the United Arab Emirates.
Pakistan said it secured $3 billion in financial support from Saudi Arabia, helping to bolster its foreign exchange reserves and offset a loan repayment the country will make to the United Arab Emirates.
An Iraq-bound supertanker that aborted a weekend attempt to cross the Strait of Hormuz into the Persian Gulf is now sailing through the waterway, a transit that would make it the first crude carrier to head west through conduit since a US blockade took effect on Monday.
Iraq-bound supertanker Agios Fanourios I has sailed into the Persian Gulf through the Strait of Hormuz on its second attempt, making it the first crude carrier to head west since a US blockade on Iran’s ports came into force.
Iraq-bound supertanker Agios Fanourios I has sailed into the Persian Gulf through the Strait of Hormuz on its second attempt, making it the first crude carrier to head west since a US blockade on Iran’s ports came into force.
China’s petrochemical producers, which supply textile and plastics factories, have cut operations to their lowest seasonal level in three years as rising feedstock costs and soft export demand squeezes margins.
Singapore government bonds are extending their outperformance over US Treasuries to levels not seen since 2007, as a drop in local interbank borrowing costs points to a surge in haven demand.
Bernstein’s Mark Moerdler sees a good entry point for new investors in the stock, as Microsoft should start reaping the benefits of capex.
The announcement comes amid concerns from investors about Lucid’s ability to stay afloat.
The AI trade has been full of uncertainty, but investors seem to be getting excited again
Asia-Pacific markets track overnight gains in U.S. stocks on lower oil prices and hopes of a Iran-U.S. deal
A longer summer could benefit makers of ice-creams, dairy drinks, and soft beverages.
The U.S. stock market has suffered a significant correction in every single midterm election year since 1950, warns Lansing Street Advisors.
Copper advanced to erase losses sustained since the war in the Middle East began more than six weeks ago, buoyed by renewed plans for peace talks and demand from electrification projects.
Copper extended its advance, erasing losses brought on by a more than six-week war in the Middle East, as traders eyed the prospect of peace negotiations between the US and Iran.
Copper drifted lower, paring a strong monthly gain as traders eyed the prospect of peace negotiations between the US and Iran.
London Stock Exchange CEO Julia Hoggett joins Bloomberg to analyze the market impact of tensions in Iran and the progress of exchange-wide reforms. (Source: Bloomberg)
China is planning to issue the largest yuan sovereign bonds in Hong Kong since 2023 this month, increasing supply to global investors just as yuan assets stand out as a haven amid the Iran war.
HSBC Asia and Middle East Co‑CEO David Liao says the bank’s broader customer base has shifted into "risk‑off mode" amid the Iran conflict. However, he notes that the balance sheets remain fairly stable across both wholesale and retail businesses. Liao spoke to Bloomberg on the sidelines of the HSBC Global Investment Summit in Hong Kong. (Source: Bloomberg)
Amos Hochstein, Managing Partner at TWG Global, says the Middle East conflict has created a new geopolitical risk, with Iran using control of the Strait of Hormuz as leverage. Hochstein, a senior adviser to former President Joe Biden, spoke to Bloomberg on the sidelines of the HSBC Global Investment Summit in Hong Kong. (Source: Bloomberg)