Alibaba Group will open its first cloud regions in Turkey, Finland and the Netherlands over the next 12 months and expand data centres in Malaysia, Germany, the United Arab Emirates, France and Hong K…
Alibaba Cloud announced at the Apsara conference in Hangzhou that it will open its first cloud regions in Turkey, Finland, and the Netherlands within 12 months, part of Alibaba Group's $53 billion (ro…
Alibaba Group Holding Ltd. will open its first cloud regions in Turkey, Finland and the Netherlands over the next 12 months and expand data centers in Malaysia, Germany, the United Arab Emirates, Fran…
Cisco chairman and CEO Chuck Robbins said workers uncomfortable with AI-driven change should expect no relief, telling Modern CEO that companies can either do the same work with roughly 20% fewer peop…
Citigroup CEO Jane Fraser warned in a July interview with the South China Morning Post that banks face a two-front AI battle, deploying the technology for growth while defending against AI-enabled fra…
Citigroup's Arc platform, launched in April 2026, is the largest measured enterprise agentic AI deployment in the financial sector, with 180,000 staff across 85 countries using AI tools and 40,000 dev…
Anthropic, the company behind the Claude AI models, has added Citigroup to its IPO banking team, joining Morgan Stanley, Goldman Sachs, and JPMorgan Chase, as it prepares for a potential Nasdaq listin…
ByteDance, the parent company of TikTok, attracted over $30 billion in orders for a $20 billion syndicated loan, its largest-ever offshore facility, with a three-year tenor extendable to five years. T…
OpenAI CEO Sam Altman said he was 'peer pressured and kind of tricked' into applying for a Goldman Sachs internship during his sophomore year, which he turned down, but now Goldman Sachs is helping pr…
QTS Data Centers, a Blackstone portfolio company, is holding exploratory investor calls coordinated by Citigroup, Goldman Sachs, JPMorgan Chase, and Morgan Stanley for a potential bond offering, as re…
JPMorgan raised its S&P 500 year-end target to 8,000 from 7,800, citing strong second-quarter earnings and evidence that AI investment is translating into customer demand. The new target implies appro…
Indonesia's second-largest mobile carrier Indosat is seeking around US$2 billion in loans to purchase advanced chips for its local operations, with Citigroup arranging the deal and approaching other b…
Fidelity International, BNP Paribas Asset Management, and other big Asia stock funds are reducing exposure to volatile AI-related markets like South Korea and Taiwan, rotating into laggards such as Ch…
Zhongji Innolight, a Chinese maker of high-speed optical transceivers, is pursuing a Hong Kong listing worth up to $8bn, which would be the city's largest IPO since Alibaba's $12.9bn debut in 2019. Th…
The five largest Wall Street banks — JPMorgan Chase, Bank of America, Citigroup, Goldman Sachs, and Morgan Stanley — collectively reported $114 billion in capital markets revenue in the first half of …
Asian stocks tumbled this week even after Taiwan's TSMC reported blockbuster numbers, with Korea's KOSPI plunging 6% on Thursday amid concerns about AI capex durability and unwinding of leveraged posi…
Five major US banks—Bank of America, Wells Fargo, Citigroup, Goldman Sachs, and Morgan Stanley—collectively cut over 10,000 jobs in Q2 2026, the largest quarterly reduction in at least six years, even…
Goldman Sachs booked a record $3.4bn in investment banking fees in the second quarter, up 55% year-on-year, driven by what CEO David Solomon called an AI CapEx super cycle. Equity underwriting rose 13…
Morgan Stanley reported record net income of $5.58 billion, or $3.46 per share, and record revenue of $21.35 billion in the second quarter, driven by an AI-fueled surge in trading and dealmaking. The …
Wall Street's biggest banks reported collective profits of $49 billion in Q2, up 39% year over year, driven by an AI boom that fueled record equity trading and underwriting fees. Goldman Sachs CEO Dav…