A Hang Seng Bank branch in Hong Kong. HSBC has proposed taking the bank private but says it will continue the brand. (Photo by Yuki Kohara) HONG KONG — HSBC said on Thursday it planned to privatize Hong Kong’s Hang Seng Bank after its majority-held subsidiary has come under fire for …
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Gold futures have soared above $4,000 US per troy ounce for the first time, as many investors seek a safe place to park their money as the U.S. government shutdown continues. U.S. government shutdown, tariff uncertainty led to gold’s wide gains over last year. Gold futures have soared above $4,000 …
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BUILDUP This photograph taken on Jan. 13, 2025, in Toulouse, shows screens displaying the logo of Grok, a generative artificial intelligence chatbot developed by xAI and its founder Elon Musk. Bloomberg News on Oct. 7 reported xAI is nearing a $20-billion capital increase. AFP PHOTO ELON Musk’s artificial intelligence (AI) …
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LOS ANGELES — The US is one week away from imposing port fees on certain vessels with links to China, a move expected to cost the top 10 carriers $3.2 billion next year as President Donald Trump seeks to address China’s growing dominance on the high seas. “While some observers believe …
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A file photo the company logo of car manufacturer BMW is pictured on a car in Munich, Germany. (AP/Matthias Schrader, File) BERLIN — BMW has cut its 2025 earnings forecast due to slow growth in China and United States import tariffs, the luxury automaker said on Tuesday. The German …
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All medium- and heavy-duty trucks imported into the United States will face a 25 per cent tariff rate starting Nov. 1, U.S. President Donald Trump said on Monday. Announcement comes a day before Trump’s meeting with Carney at the White House. All medium- and heavy-duty trucks imported into the United …
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NEW YORK — OpenAI signed a multi-year partnership Monday with chipmaker Advanced Micro Devices as the ChatGPT-maker continues an investment spree to secure massive amounts of computing power for rolling out generative artificial intelligence. The companies announced the plan to develop AI data centers that the chipmaker said would bring in …
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EXXONMOBIL said on Monday changes in crude oil prices over the third quarter (Q3) could impact the company’s upstream earnings from negative $100 million to as much as a positive $300 million. The company also signaled in a regulatory filing that stronger margins in the refining business could boost earnings …
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A company logo is seen at the AstraZeneca site in Macclesfield · Reuters ALGEN Biotechnologies said on Monday it had agreed to grant AstraZeneca a license to develop therapies the US-based biotech discover using its artificial intelligence (AI)-driven gene-editing platform in a deal worth up to $555 million. AstraZeneca will get exclusive …
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BEIJING — China’s push to develop top-end artificial intelligence microchips is gaining momentum, but analysts say it will struggle to match the technical might of US powerhouse Nvidia within the current decade. Ramping up its chip industry is a way for Beijing to beat restrictions imposed by Washington on exports of …
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