Asian Shares Mostly Up as Yen Strengthens on Positive GDP Report
Asia shares mostly higher, yen buoyed by upbeat GDP By Wayne Cole SYDNEY (Reuters) -Asia share markets crept higher on Monday as Hong Kong’s tech sector stole the limelight, while upbeat Japanese economic growth contrasted with a weak U.S. retail sales report to lift the yen on the dollar. Geopolitics remained in focus with reports […]
Biden to implement restrictions on U.S. citizens assisting China’s AI industry in talent acquisition
Biden to stop U.S. citizens from helping China’s AI sector find talent The U.S. Treasury Department, seeking to keep the Chinese military from gaining an edge in advanced technologies, issued a rule Monday to restrict and monitor American investments in China in artificial intelligence, computer chips and quantum computing. The finalized rule arises from an executive order […]
China Considers Stock Stability Fund and Releases $113 Billion from PBOC
(Bloomberg) — China is weighing plans for a stock stabilization fund, and will unleash at least 800 billion yuan ($113 billion) of initial liquidity support for its beleaguered equity market. Mainland and Hong Kong shares jumped. Most Read from Bloomberg The People’s Bank of China will set up a swap facility allowing securities firms, funds […]