Global investors are “massively underinvested” in China, and as an exporter of capital and technology, the country will continue to create new business opportunities in Southeast Asia despite deglobalisation, panellists said at a South China Morning Post conference on Monday. “The world is waking up to the fact that China’s [technological] advancement is really spectacular,…
The launch of DeepSeek has unsettled the world’s belief that it “could contain China”, said Deutsche Bank, calling the emergence of the artificial-intelligence (AI) technology the country’s “Sputnik moment”. By characterising the start-up’s achievement as a significant turning point for the country, the bank goes further than Marc Andreessen, the influential Silicon Valley venture capitalist,…
(Bloomberg) — Most Read from Bloomberg President Donald Trump’s renewed pledges to slap 25% tariffs on imports from Canada and Mexico on Feb. 1 jolted foreign exchange markets late in the New York trading session, sending currencies from both countries plunging against the US dollar. The Mexican peso slid 1.1% and Canada’s dollar fell as…
Deutsche Bank is upping its price target for Tesla (TSLA) following investor meetings where Tesla revealed more about its upcoming vehicles. While the majority of the meeting was about FSD (full self-driving), robotaxis, and Tesla’s Optimus robot, the discussion with Tesla investors and head of investor relations Travis Axelrod also covered what was coming down…
Hong Kong will require an influx of banking talent as the market rebounds and cross-border activity with mainland Chinese companies picks up, according to the Asia-Pacific head of Deutsche Bank. “Hong Kong has always benefited from its proximity to mainland China, and that’s a strength, not a weakness,” Alexander von zur Muehlen said during a…
Hong Kong will require an influx of banking talent as the market rebounds and cross-border activity with mainland Chinese companies picks up, according to the Asia-Pacific head of Deutsche Bank. “Hong Kong has always benefited from its proximity to mainland China, and that’s a strength, not a weakness,” Alexander von zur Muehlen said during a…
China envisions Hong Kong’s capital markets as a beacon of prosperity, having lifted the city out of social chaos in June 2020. This week, Beijing backed that goal with vocal support at an investment summit attended by CEOs of global banks and money managers. Do global investors share the optimism? The question has never been…
September’s big payroll jump will eventually be revised down, Pantheon Macroeconomics said. A low response rate to the report is a “red flag,” the research firm said. The Fed will still deliver jumbo rate cuts to stabilize the weakening job market, the firm predicted. Thanks for signing up! Access your favorite topics in a personalized…
Wall Street is scrambling to catch up after Beijing’s surprise stimulus onslaught set off a bull run on the Hong Kong and mainland China stock markets, catching short-sellers off guard. China stocks will gain at least another 10 per cent in a tactical rally in the near term amid more stimulus efforts by the government,…