Indian Prime Minister Narendra Modi highlighted his country’s democratic strengths in what some analysts interpreted as a dig at China during an address to global government and business leaders. Modi — the first Indian prime minister to attend the annual World Economic Forum meeting in Davos, Switzerland since 1997 — delivered Tuesday’s opening plenary address, […]
Read moreThe Chinese tech trinity of Baidu, Alibaba and Tencent — known as BAT — may dominate headlines, but a trio of up-and-coming companies with the acronym TMD are now “waiting in the pipeline” for public listings, an investment bank executive said Wednesday. “I think 2018 and 2019 are probably going to be busy years for […]
Read moreJapanese Prime Minister Shinzo Abe said on Wednesday he wanted to meet with South Korean President Moon Jae-in to convey Japan’s stance on the two countries’ 2015 agreement on “comfort women,” confirming his plans to attend the Pyeongchang Olympics next month. “I want to hold a summit meeting to firmly convey Japan’s stance on the […]
Read moreMember countries of the Association of Southeast Asian Nations need to significantly step up their spending on cybersecurity to tackle digital threats, according to a new report. Not doing so can potentially cost the top 1,000 companies in the region about $750 billion in market capitalization, and derail digital innovation. Those were some of the […]
Read moreShenzhen-listed shares of Leshi Internet Information and Technology tumbled by the daily limit of 10 percent on Wednesday as the stock resumed trading after a nine-month suspension. The company asked in April for trading to be suspended pending an acquisition of LeEco’s film unit for 9.8 billion yuan ($1.53 billion), a plan it eventually scrapped […]
Read moreMarket watchers should invest in bitcoin now that prices are down, says BK Capital Management founder Brian Kelly. “Now, when everyone is saying … it’s over, that’s it, bitcoin is dead, for the 175th time. Now’s the time you start looking at it, on the buy side,” Kelly, portfolio manager of the BKCM Digital Asset […]
Read moreExchange-traded funds powered by artificial intelligence are getting smarter, according to a co-founder of EquBot, a company that created one such fund. The AI Powered Equity ETF (AIEQ), an actively managed security that seeks to use AI to beat the market, launched on Oct. 18. “The AI actually grows in value,” EquBot co-founder and COO […]
Read moreWall Street closed mostly higher as investors stateside focused on earnings releases ahead of Asia’s Wednesday trading day. U.S. stocks closed mixed on Tuesday, with market focus shifting from politics to corporate earnings after a three-day government shutdown came to an end on Monday. Of note, shares of Netflix jumped 10 percent after the video […]
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