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HSBC to hire 100 AI specialists, 100 wealth managers in boost to Singapore hub

HSBC to hire 100 AI specialists, 100 wealth managers in boost to Singapore hub

HONG KONG, July 27 (Reuters) - HSBC will hire more than 100 artificial intelligence specialists and 100 wealth managers in Singapore, deepening investment in two areas central to the bank's Asian growth strategy as it expands higher-fee businesses and accelerates AI adoption.
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Analysis-AI race redraws Asian air cargo, replacing e-commerce as growth engine

Analysis-AI race redraws Asian air cargo, replacing e-commerce as growth engine

By Julie Zhu and Lisa Baertlein HONG KONG/LOS ANGELES, July 29 (Reuters) - The global race to build artificial intelligence is redrawing Asia's air cargo map, prompting airlines to redesign networks around growing semiconductor manufacturing hubs as cross-border e-commerce loses momentum.
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DBS Bank Cautious on Autonomous AI Agents Due to Control Gaps

DBS Bank Cautious on Autonomous AI Agents Due to Control Gaps

DBS Bank Cautious on Autonomous AI Agents Due to Control Gaps
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Asian chip stocks slide as China competition fears rattle AI trade

Asian chip stocks slide as China competition fears rattle AI trade

By Heekyong Yang SEOUL, July 28 (Reuters) - Asian semiconductor stocks tumbled on Tuesday, with South Korea leading the regional selloff, as investors questioned lofty valuations amid concerns over AI infrastructure financing and intensifying competition from China.
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Asian shares slip and South Korea’s Kospi index sinks 10% on heavy selling of chipmaking stocks

Asian shares slip and South Korea’s Kospi index sinks 10% on heavy selling of chipmaking stocks

South Korea's Kospi index has plunged over 10% on heavy selling of chipmaking stocks that have gyrated recently due to concerns over the sustainability of the boom in artificial intelligence
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Asian stocks stabilise after rout ahead of tech earnings, Fed decision

Asian stocks stabilise after rout ahead of tech earnings, Fed decision

By Ankur Banerjee SINGAPORE, July 29 (Reuters) - Asian stocks rebounded on Wednesday after a brutal selloff a day earlier as anxiety about valuations, rising competition and AI spending rocked markets ahead of crucial earnings from big tech firms and a Federal Reserve policy decision.
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World shares are mixed, while South Korea’s Kospi sinks nearly 11% on heavy selling of chipmakers

World shares are mixed, while South Korea’s Kospi sinks nearly 11% on heavy selling of chipmakers

South Korea's Kospi index has plunged nearly 11% on heavy selling of chipmaking stocks that have been battered recently by waves of fears that the boom in artificial intelligence may be a bubble
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Factbox-Shein reveals financials, valuation in Hong Kong IPO filings

Factbox-Shein reveals financials, valuation in Hong Kong IPO filings

HONG KONG, July 27 (Reuters) - Online fast-fashion retailer Shein swung to a $99 million quarterly loss due to slowing sales after the U.S. removed an import duty exemption on small packages and a hefty one-time accounting charge.
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HashKey Exchange Unveils Unified Crypto Trading App for Global Markets

HashKey Exchange Unveils Unified Crypto Trading App for Global Markets

HashKey Exchange Unveils Unified Crypto Trading App for Global Markets
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Asian shares slip and South Korea’s Kospi index sinks 11% on heavy selling of chipmaking stocks

Asian shares slip and South Korea’s Kospi index sinks 11% on heavy selling of chipmaking stocks

South Korea's Kospi index has plunged over 11% on heavy selling of chipmaking stocks that have been battered recently by sell-offs due to fears the boom in artificial intelligence may be a bubble
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Vine Introduces AI Dashboard for Community Bank Lenders to Enhance Loan Management

Vine Introduces AI Dashboard for Community Bank Lenders to Enhance Loan Management

Vine Introduces AI Dashboard for Community Bank Lenders to Enhance Loan Management
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China memory chipmaker CXMT set for Shanghai debut after Asia's biggest IPO

China memory chipmaker CXMT set for Shanghai debut after Asia's biggest IPO

By Yantoultra Ngui and Samuel Shen SINGAPORE/SHANGHAI, July 27 (Reuters) - Shares of CXMT Corp are set to start trading in Shanghai on Monday after Asia's biggest IPO this year, putting the Chinese chipmaker's $85.5 billion market value and likely heavy turnover in focus after a sharp pullback in