News

Can these short films convince people that AI is a force for good?
MOUNTAIN VIEW — For decades, Hollywood directors including Stanley Kubrick, James Cameron and Alex Garland have cast artificial intelligence as a villain that can turn into a killing machine. Even Steven...
Citi launches AI tools for Hong Kong employees
Published Thu, May 22, 2025 · 01:34 PMCITIGROUP has launched Citi AI, a suite of artificial intelligence (AI) tools for its employees in Hong Kong, the bank said on...
Former central bank deputy governor to head Bank of China: sources
Published Thu, May 22, 2025 · 12:31 PM[BEIJING] China will appoint financial veteran Liu Guiping as chairman of Bank of China (BOC), the nation’s fourth-largest state-owned bank, two sources...
Former PBOC deputy governor Liu Guiping to head Bank of China: sources
Published Thu, May 22, 2025 · 12:31 PM[BEIJING] China will appoint financial veteran Liu Guiping as chairman of Bank of China, the nation’s fourth largest state-owned bank, two sources...
JPMorgan is long-term in China despite pressure, Dimon says
[SHANGHAI] JPMorgan Chase chief executive officer Jamie Dimon said his firm is committed to long-term investments in China, despite tension between the governments of the world’s two biggest economies....
JPMorgan sees broad-based recovery, more interest in China
Wall Street firms have overall pulled back from the world’s second-largest economy, with their combined exposure, which includes lending, trading and investments, slumping by about a fifthPublished Thu, May...
Private credit funds target billions in retail demand from Asia
[SINGAPORE] From Singapore to Japan and Australia, fund managers in Asia are looking to unlock billions of US dollars for private credit from the last untapped pocket: retail investors.Private...
Bank of Japan policymaker rules out intervention to stem bond yield spike
[TOKYO] Bank of Japan board member Asahi Noguchi said on Thursday (May 22) he saw no need for the central bank to intervene in the bond market to stem...
Ringgit may gain most in South-east Asia on exporter conversion
[HONG KONG] Malaysia’s ringgit stands to gain the most among its South-east Asian peers if the nation’s exporters convert their overseas earnings to the local currency, thanks to the...
Singtel initiates its first share buyback programme of up to S$2 billion; incorporates cloud business
The buyback will be delivered over the course of three years until financial year 2028 and involves the purchase of shares in the open market that will subsequently be...
Estee Lauder, L’Oreal suffer as China’s duty-free spending falls
UNABLE to travel overseas during the Covid-19 pandemic, Chinese consumers sparked a shopping boom in the southernmost province of Hainan, lured by the tropical island’s plethora of duty-free shopping...
Google brings ads to AI search in ChatGPT battle
[SAN FRANCISCO] Google said on Wednesday it is beginning to weave advertisements into its new AI Mode for online search, a strategic move to counter the challenge posed by...