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…
Financial institutions that have scaled AI across operations report 20–30% improvements in operational efficiency, according to McKinsey's 2024 Global Banking Annual Review, yet most banks remain stuc…
HSBC upgraded Apple from Hold to Buy on Friday, raising its price target from $260 to $366, citing an 'operational turning point' driven by Apple Intelligence and a hardware refresh cycle that could p…
Asia equities still have a strong growth story due to 'reasonable' valuations, experts say, as investors face a tumultuous first half of 2026 marked by Middle East war and AI build-out. AI capital exp…
HSBC strategist Duncan Toms told Yahoo Finance that AI investments may face headwinds if the Federal Reserve raises interest rates, but the sector's long-term growth prospects could help it withstand …
AI minister Kanishka Narayan said the UK must build enough domestic AI capability to “shape our own destiny” rather than rely on overseas tech giants, as the government accelerates its push to develop…
HSBC strategist Duncan Toms says Wall Street's dialogue has shifted from concerns about an AI bubble to discussions of AI bottlenecks beginning to materialize, following ASML Holding's raised full-yea…
IBM lost roughly $68 billion in market value on Tuesday, its worst one-day stock crash since 1968, after the company reported preliminary second-quarter revenue of $17.2 billion, missing analyst expec…
More than 200 experts, including 16 Nobel laureates, have signed an open letter organized by Stanford University's Digital Economy Lab warning that AI could reshape employment faster than previous tec…
SK Hynix debuted on the Nasdaq with a $26.5 billion share sale, the second-largest in U.S. history, as shares rose 12.8% on the first day. The listing gives U.S. investors direct access to the leading…
Major global investment banks' average forecast for South Korea's 2026 economic growth reached 3 percent for the first time, driven by robust semiconductor exports amid the AI boom. Eight banks, inclu…
Samsung Electronics Co. reported a 19-fold surge in quarterly profit, beating elevated expectations, driven by runaway demand for memory chips used in AI data centers. The world's largest memory maker…
Singapore's OCBC Bank launched an AI-enabled 'avatar banking' app with virtual financial advisors Wendy and Wayne, offering round-the-clock wealth management advice. CEO Tan Teck Long said the AI will…
OCBC plans to raise annual technology spending to more than $771mn, as new CEO Tan Teck Long doubles down on AI and digital banking. The increase, one of Tan's first strategic signals since taking ove…
HSBC identified six major 'pain trades' for the second half of the year, warning that crowded consensus on the dollar, AI, and yield curves could unravel rapidly. The scenarios include an explosive US…
The three biggest foreign banks in Indonesia—Citigroup, Standard Chartered, and HSBC—have repatriated $640 million in earnings since 2024, exceeding their combined profits, as President Prabowo Subian…
HSBC raised its price target on Micron Technology to $1,700 from $1,100, marking the fifth increase this year, driven by surging AI memory demand. Micron's fiscal third-quarter revenue hit $41.46 bill…
A survey of nearly 10,000 affluent investors across 10 markets commissioned by HSBC found that 62% rely on financial professionals for investment ideas, while only 12% cited AI as the most influential…
HSBC research finds that 62% of wealthy investors still rely on human advisers for final investment decisions, while only 12% cite AI as the most influential factor. The survey of nearly 10,000 afflue…
NatWest CEO Paul Thwaite admitted that artificial intelligence will replace some banking jobs, joining other bank chiefs like Standard Chartered's Bill Winters and HSBC's Georges Elhedery in acknowled…