(Bloomberg) — Chinese investors hunting for the next artificial intelligence winners are looking beyond high-flying chipmakers to the utilities and metal producers that form the industry’s physical backbone. The shift toward the sector’s supply chain — from power generators to materials used in data centers — reflects growing concern over lofty valuations in pure-play AI…
After refusing to pressure Russia for nine months, U.S. President Donald Trump has finally unsheathed a sanctions weapon against the country’s all-important energy sector in a bid to starve Moscow’s war machine and bring it back to the negotiating table. The U.S. sanctions, the first new ones of Trump’s second term, blacklisted Russia’s two largest…
(Bloomberg) — Asian equities came under pressure after a tech selloff hit Wall Street Friday, with chip shares among the losers. Hong Kong was an outlier as Alibaba Group Holding Ltd. surged. The MSCI Asia Pacific Index slipped 0.2% with chipmakers pushing the Nikkei-225 index down by 1.8%. Samsung Electronics Co. and SK Hynix Inc….
U.S. President Donald Trump has given Russian President Vladimir Putin a lot of rope over the past eight and a half years, but his patience now appears to be rapidly diminishing as he grows frustrated with Putin’s refusal to end Russia’s war in Ukraine. Trump cut short a 50-day deadline that he had given Russia…
(Bloomberg) — Contemporary Amperex Technology Co. Ltd. is planning to seek at least $4 billion from its Hong Kong stock offering, people familiar with the matter said, which would make it the world’s biggest listing this year. The eventual proceeds could rise to $5.3 billion if the deal is upsized and the greenshoe exercised, according…