Naver Jumps Most in 9 Months After Korea ChatGPT Rival Debut
Naver Corp., South Korea’s online media and services leader, gained its most in three quarters after unveiling the country’s answer to ChatGPT.
Bloomberg Business
BRICS Set to Invite Saudi Membership in Bid for Greater Clout
Major emerging market nations are preparing to invite top oil exporter Saudi Arabia and several other countries to join their bloc in a push to expand its global influence.
UBS Poised to Keep Credit Suisse Domestic Bank, Drop Brand
UBS Group AG is poised to decide in favor of keeping Credit Suisse’s domestic bank, ending months of speculation about the future of the business.
India Needs $13 Trillion to Hit Net Zero Emissions by 2050
India will need to invest $12.7 trillion in its energy system, or more than three times its gross domestic product, to reach net zero emissions by mid-century and help the world avert disastrous planetary warming, according to BloombergNEF.
Asian Bonds Beat Emerging Peers Who Have Rate Cut Advantage
Emerging Asia ex-China bonds have beaten their developing-nation peers this quarter, and this outperformance looks set to continue even if US interest rates keep rising.
Bank of Korea Keeps Rate Restrictive as It Looks to Jackson Hole
Bank of Korea Governor Rhee Chang-yong sought to maintain focus on reining in inflation and household debt as the board left its benchmark interest rate unchanged and opted to remain hawkish ahead of major central bank events in the US.
Plane Orders from Auckland to India Show Travel Boom’s Longevity
Qantas Airways Ltd. and Air New Zealand Ltd. have both snapped up new planes to boost previous multibillion dollar aircraft orders, suggesting aviation’s lucrative post-Covid travel boom is far from over despite concerns about sky-high fares.
China and India’s Moon Rovers Take Different Paths on Historic Missions
After making history by becoming the first nation to successfully send a spacecraft near the moon’s south pole, India is one of only two countries with active rovers on the lunar surface.
Nvidia’s AI Windfall Set to Rescue Nasdaq 100 From Dismal August
For the first three weeks of August, the artificial intelligence furor that powered markets all year turned cold. Nvidia Corp. just stoked the coals.
Nvidia’s Strong Delivery on AI Jumpstarts Asian Chip Stock Rally
Asian semiconductor stocks got a fresh boost from a stellar set of results at Nvidia Corp., the standard bearer of the artificial intelligence theme that propelled gains in the sector earlier this year.