Citi upgrades China to ‘overweight’ amid AI volatility, geopolitical friction
Wall Street giant Citigroup has adjusted its emerging market asset allocation recommendation, upgrading China to “overweight”, saying that…
SpaceX and other mega AI deals are lifting big bank profits. CEOs say more are coming.
Wall Street’s biggest banks are taking a victory lap this week after a global AI boom fueled one…
China now has 7 of world’s 10 biggest banks as Beijing’s financial ambitions grow
China’s “big four” state-run banks are the largest in the world in terms of asset scale, a new…
Citi: Oil Could Sink to $60 as Hormuz Traffic Normalizes
Brent Crude prices could plunge to as low as $60 per barrel by the end of the year,…
Fresh off bond sale, Amazon borrows $17.5B from banks as AI spending continues
Companies are burning through exorbitant sums of money to keep pace in the AI arms race. Debt is…
Hong Kong stocks struggle as mainland China markets ride AI wave
Signs are omnipresent that mainland Chinese investors are rotating out of Hong Kong stocks and back to the…
US banks charge ahead with American AI in Hong Kong despite geopolitical tensions
Leading American banks are rolling out advanced artificial intelligence tools powered by US technology in their Hong Kong…
Citi Debuts Platform to Bring AI Agents to Banking Work
Banking giant Citi has debuted a platform to let it launch artificial intelligence agents throughout the company. The…
China’s ‘landmark’ drug pricing guidelines widen biotech profit window: analysts
The State Council, China’s cabinet, has published guidelines on innovative drug pricing that a bank analyst has described…
As China’s biotech firms shift gears, can AI floor the accelerator?
A quarter featuring multiple eye-popping deals is no longer unusual for China’s pharmaceutical industry – in fact, it…
JPMorgan, Citi shift to remote work in Middle East amid Iran conflict
Several major US banks, including JPMorgan and Citigroup, have directed their employees in the Middle East to work…
Why China’s path to ‘financial superpower’ status could begin in Hong Kong
When Wilson Chan Fung-cheung joined Hong Kong’s banking industry as a foreign-exchange trader more than four decades ago,…