Asia

14 Aug

In Taiwan, Artificial-Intelligence Fundraising Survives Market Maelstrom

stp2y0 CommentsRAG modelsAPPLE INC, artificial intelligence, Asia, Bonds, Equity Capital Markets, Hedge Funds, QUANTA COMPUTER INC, taiwan, Technology, UBS GROUP AG-REG, US Dollar Spot

A new convertible bond offering by a major supplier to Apple Inc. will add to the dollar funds raised by Taiwan’s tech firms this year, thanks to the hybrid securities’ popularity and demand for artificial intelligence investments. Source link lol

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09 Aug

Bridgepoint Said to Explore Takeover Bid for Software Firm Esker

stp2y0 CommentsRAG modelsAsia, BRIDGEPOINT GROUP, business, deals, ESKER SA, europe, industries, IPOs, Latin America, North America, Private Equity, software, Technology, United Kingdom

Bridgepoint Group Plc is considering a bid to take over Paris-listed software provider Esker SA, according to people familiar with the matter.The UK private equity firm has been working with advisers on a potential offer, the people said. Deliberations are ongoing and may not result in a transaction, said the people, who asked not to be identified as the information is private. Source link lol

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09 Aug

Samsung Recalls Million-Plus Electric Stoves After Fire Reports

stp2y0 CommentsRAG modelsAsia, Automotive, BEST BUY CO INC, COSTCO WHOLESALE CORP, Emerging Markets, infrastructure, retail, SAMSUNG ELECTRONICS CO LTD, South Korea, Technology, Utilities

Samsung Electronics Co. is recalling more than 1.1 million electric stoves sold in the US since 2013, following reports of 250 fires that damaged property, killed pets and injured about 40 people.South Korea’s largest company is offering free locks and covers to buyers of more than a dozen stove models, which help ensure their front-mounted range knobs stay in the “off” position, according to a notice posted on the US Consumer Product Safety Commission’s website. Samsung sold the stoves through retailers from Best Buy to Costco nationwide for between $1,250 and $3,050, the notice read. Source link lol

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09 Aug

Philippines’ GCash May Seek Digital Bank License in Lending Push

stp2y0 CommentsRAG modelsAsia, AYALA CORPORATION, Banking, fintech, GLOBE TELECOM INC, IPOs, japan, Martha Sazon, Philippines, Technology, Valuation

The company behind the Philippines’ top mobile wallet GCash may seek a digital banking license as it boosts its lending business after Japan’s biggest bank invested in the fintech firm.Applying for a digital banking license “is being discussed, although nothing is definite as of the moment,” Globe Fintech Innovations Inc. CEO Martha Sazon said in an interview with Bloomberg Television’s Shery Ahn and Haidi Stroud-Watts on Friday. Source link lol

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09 Aug

AI Stock Rout Has Investors in Asia Mapping Out Next Catalyst

stp2y0 CommentsRAG modelsartificial intelligence, Asia, Earnings, INVESCO LTD, JULY SARL/CAEN, Markets, MORGAN STANLEY, SAMSUNG ELECTRONICS CO LTD, SK HYNIX INC, stocks, TAIWAN SEMICONDUCTOR MANUFAC, Technology

Debate is raging on whether the AI rally has run its course but for some investors, another drawdown may be a chance to buy.Money managers in Asia are on the hunt for their next purchase even after the region’s tech stocks recorded their steepest ever two-day drop this week, reflecting an unwavering confidence in a trade that has underpinned the upturn in global equities. Taiwan Semiconductor Manufacturing Co., Samsung Electronics Co. and SK Hynix Inc. are still attractive bets given the long-term prospects for AI remain undimmed, they say. Source link lol

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08 Aug

Tokyo Electron Ups Forecast After AI Demand Helps Earnings Beat

stp2y0 CommentsRAG modelsartificial intelligence, Asia, ASML HOLDING NV, china, Earnings, Economic Sanctions, Exports, Technology, Tokyo, TOKYO ELECTRON LTD, Washington

Tokyo Electron Ltd. raised its profit forecast for the fiscal year to March after reporting a better-than-expected surge in sales.The Japanese provider of semiconductor-patterning systems said it sees operating profit for the full year reaching ¥627 billion ($4.3 billion), up 8% from its previous guidance. Revenue in the June quarter was ¥555 billion, beating the analyst consensus of ¥500 billion and snapping a streak of year-on-year declines dating back to 2022. Operating profit for the period was ¥165.7 billion, also above expectations. Source link lol

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08 Aug

Malaysia Boasts of Chip Clout as Infineon Opens €7 Billion Site

stp2y0 CommentsRAG modelsAnwar Ahmed Hamoud Al Ibrahim, Asia, Automotive, china, Decarbonization, Government, INFINEON TECHNOLOGIES AG, Jochen Hanebeck, Kuala Lumpur, Malaysia, politics, Technology

Malaysia is gaining more heft in the global supply chain as Infineon Technologies AG opens a major semiconductor manufacturing complex in the country, the Southeast Asian nation’s leader said. “We are now be able to receive and expand the technology. It shows Malaysia is now going up the ladder,” Prime Minister Anwar Ibrahim said at the opening ceremony of the first phase of Infineon’s €7 billion ($7.7 billion) production site in the northern Malaysian district of Kulim on Thursday. Source link lol

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07 Aug

Airbnb Gives Soft Outlook on ‘Signs of Slowing Demand’ From US

stp2y0 CommentsRAG modelsAIRBNB INC-CLASS A, Asia, BOOKING HOLDINGS INC, Brian Joseph Chesky, Capital Markets, Currency, europe, JULY SARL/CAEN, Latin America, Markets, Technology, travel

Airbnb Inc. shares plunged by the most ever after the company issued yet another disappointing outlook and warned of slowing demand from US vacationers.Bookings rose 8.7% in the second quarter to 125.1 million, falling well below analysts’ estimates. And Airbnb saidBloomberg Terminal it expects “sequential moderation” of growth in bookings in the third quarter, too, signaling that results will disappoint analysts who had projected an 11% gain amid the peak summer travel season. Source link lol

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07 Aug

UK Regulator Tells Online Services to ‘Act Now’ to Stop Riots

stp2y0 CommentsRAG modelsapps, Asia, BEIJING DOUYIN INFORMATION S, Culture, Emerging Markets, Government, Markets, META PLATFORMS INC-CLASS A, politics, regulation, social media, Technology, United Kingdom

The UK telecommunications regulator urgedBloomberg Terminal online service providers to take action to stop customers from using their platforms to incite violence, even though Ofcom’s new rules with stronger requirements to police online content aren’t yet in effect. “In a few months, new safety duties under the Online Safety Act will be in place, but you can act now – there is no need to wait to make your sites and apps safer for users,” said Gill Whitehead, Ofcom’s director for online safety, in a letter posted to the regulator’s website on Wednesday. Source link lol

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06 Aug

Amazon’s India Country Chief Is Stepping Down in October

stp2y0 CommentsRAG modelsAMAZON.COM INC, Asia, Dhiraj Singh, E-commerce, Emerging Markets, india, Jeff Bezos, Manish Tiwary, North America, retail, Technology

Amazon.com Inc.’s India chief is leaving “to pursue an opportunity outside of the company,” the e-commerce giant said. Manish Tiwary will depart in October, a spokesperson said in an emailed statement that didn’t name a successor. Amit Agarwal, who led Amazon’s initial push into India and now runs the company’s emerging economies initiative, “will remain closely involved with the Amazon team,” the Seattle-based company said on Tuesday. Source link lol

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