Thailand’s Prime Minister Srettha Thavisin met with executives from Microsoft Corp., Alphabet Inc. and Goldman Sachs Group Inc. on Thursday, as part of efforts to convince US companies to invest more in the Southeast Asian nation after his coalition ended a near-decade rule by military-backed parties.
Chinese customers flocked to Apple stores to buy the latest iPhone 15 despite government restrictions and local competition, an encouraging sign for the world’s most valuable company in its largest overseas market.
Singapore’s central bank is increasing its deposit insurance coverage per depositor to a maximum of S$100,000 ($73,160) from April next year.
Foreign investors are rapidly retreating from Taiwan’s stock market, turning net sellers for the year as an artificial intelligence frenzy cools.
Equity markets in Asia drifted lower after US stocks suffered the biggest slump in six months, while the 10-year Treasury yield touched the highest level in 16 years in a sign investors expect higher US interest rates to endure.
Venture investment firm GGV Capital is splitting into two independent businesses focused on Asia and the US, following a similar move by Sequoia Capital during mounting geopolitical tensions between the world’s two superpowers.
UK Chancellor of the Exchequer Jeremy Hunt said the West must engage in talks with China over how best to regulate the growth of artificial intelligence, after Britain invited the country to its global AI summit later this year.
Equity markets in Asia fell after US stocks suffered the biggest slump in six months, while the yen steadied ahead of a highly anticipated Bank of Japan policy decision.
Binance Holdings Ltd. and Chief Executive Officer Changpeng “CZ” Zhao filed court papers Thursday seeking to have a lawsuit against them by the US Securities and Exchange Commission dismissed.
Cisco Systems Inc.’s Chuck Robbins, who has spent years working to restore the networking company to its former glory, is now looking to the $28 billion acquisition of Splunk Inc. to help speed up the effort.
