Samsung Electronics buys British AI tech startup
Samsung Electronics has bought a British startup that develops advanced artificial intelligence (AI) technology, the South Korean tech giant says,…
Utilities on positive trajectory as power demand stays strong
The utilities sector in Malaysia is expected to continue on a positive trajectory in the second half of this year…
IMF to push G20 for plan to lower debt costs
The International Monetary Fund (IMF) is seeking to rally Group of 20 (G20) nations around a new effort to help…
CVC Capital Partners to buy out and delist Comarch
Private equity fund CVC Capital Partners and some shareholders of Comarch SA has announced plans to buy out and delist…
Lombard fund doubles down on India’s junk credit
Lombard Odier Investment Managers will expand exposure to Indian high-yield US dollar credit in its US$2bil Asian bond strategy, after…
ECB rates firmly on hold, but door to September cut still open
The European Central Bank (ECB) is all but certain to keep interest rates unchanged while signalling that its next move…
Fed’s Beige Book shows slight economic growth, cooling inflation
The US economy grew at a slight pace heading into the third quarter, with a number of regions noting flat…
Morgan Stanley sells US$8bil of bonds
Morgan Stanley became the latest big Wall Street bank to tap the US investment-grade market after reporting earnings, as strong…
Many US solar factories are lagging except those that China owns
Construction of US solar-manufacturing plants by Chinese companies is surging, putting China in position to dominate the nascent industry, as…