Strength in Hong Kong-listed technology stocks helped prop up Asian shares on Tuesday, buoying sentiment after US stocks slid amid concern that the Federal Reserve will push the US into recession.
A Singapore judge handed a 12-month prison term to a businessman for conspiring to misappropriate money in the Wirecard AG scandal.
US-based Circle Internet Financial Ltd. is closely watching regulatory developments in Hong Kong after the territory’s new crypto rules went into effect, according to Jeremy Allaire, the company’s co-founder and chief executive officer.
Mizuho Financial Group Inc. is giving all its Japan bank employees access to Microsoft Corp.’s Azure OpenAI service this week, making it one of the country’s first financial firms to adopt the potentially transformative generative artificial intelligence technology.
China banned a prominent finance writer and two of his peers from social media platform Weibo for commenting about the country’s stock market and unemployment rate.
At least two high-profile people have left the artificial intelligence company in recent weeks.
Source: Bloomberg, 00:05:52
Asian shares were mixed Tuesday after US stocks fell amid concern that the Federal Reserve and its peers around the world will push economies into recession.
Bitcoin Cash, one of the early offshoots of the original digital currency, has more than doubled in value over the past week.
Alibaba Group Holding Ltd. ushered through a parade of high-profile stewards over its 24-year history, from the larger-than-life Jack Ma himself to a succession of C-suite executives who frequent conference and diplomatic circles. But the man who rose to the top in last week’s abrupt management reshuffle is an enigma even to some of the Chinese e-commerce juggernaut’s longer-serving employees.
