U.S. Treasury Secretary Scott Bessent urged Bank of Japan Governor Kazuo Ueda to conduct sound monetary policy to anchor inflation expectations and avoid excessive yen volatility during a G20 meeting in Asheville, North Carolina, according to the U.S. Treasury Department. The high-level discussions, held on September 1, 2026, cement the case for an impending Japanese … Read more
U.S. Treasury Secretary Scott Bessent stated that Japan’s government and central bank will take measures to strengthen the yen, signaling a strong probability of a Bank of Japan interest rate hike in September. According to CNBC and Reuters reports from Asheville, North Carolina, Bessent indicated during a Group of 20 finance leaders gathering that markets … Read more
According to Reuters reporting, the two companies account for more than three-quarters of all vehicles manufactured in Canada, leaving their cross-border assembly lines vulnerable to sweeping closures if the new trade levies take effect on January 1. The Stakes for Toyota and Honda in Canada President Donald Trump’s proposed tariffs would double existing 25% levies, … Read more
Fast-fashion retailer Shein is set to debut on the Hong Kong stock exchange in a $1.7 billion initial public offering, valuing the company at $26.5 billion after failed attempts to list in New York and London, according to reports from Reuters. According to Stanford University law professor Curtis Milhaupt, the move marks a definitive pivot … Read more
China’s drug regulator has accepted Novo Nordisk’s application to sell an oral version of its Wegovy weight-loss drug, according to a Reuters report published on August 27. The regulatory filing in the world’s second-largest pharmaceutical market marks a step for the Danish drugmaker as it chases rival Eli Lilly in the burgeoning anti-obesity sector. Regulatory … Read more
Prudential reported first-half new business profit of $1.38 billion, rising 8% on a constant exchange rate basis according to Reuters reporting by Sameer Manekar and Shruti Agarwal, driven by growth in Hong Kong, Malaysia, and Singapore while expanding its ongoing share repurchase program by $300 million. Prudential First-Half New Business Profit Rises 8% to $1.38 … Read more
Unitree shares slumped 45% from their debut peak in late August, dropping by $30 billion after soaring to an early $66 billion valuation on the Shanghai STAR Market, according to Reuters. The steep post-listing selloff for China’s best-known humanoid robot maker has triggered widespread regulatory and investor anxiety over retail losses, retail trading frenzies, and … Read more
Apple has trained a large language model specifically for the China market with support from Alibaba Group, according to three people familiar with the matter who spoke with Reuters. The development marks a departure from the iPhone maker’s prior strategy of relying entirely on third-party models to power artificial intelligence features in the country, where … Read more
Chinese artificial intelligence startup DeepSeek formally released its official V4 Pro model to regain ground against fast-moving domestic rivals as it expands hiring, computing capacity, and fundraising efforts, according to Reuters and The Economic Times. The new software, designated V4-Pro-0813, greatly enhances agent capabilities and is available through API, app, and web channels, the companies … Read more
Chinese artificial intelligence laboratories are implementing commercial revenue-sharing models for open-source AI releases, led by Moonshot and Alibaba, as they push to capture market share from U.S. competitors like OpenAI, Anthropic, and Alphabet’s Google according to recent industry reports. Moonshot and Alibaba Push for Open-Source Revenue Sharing Chinese technology giant Alibaba plans to ask major … Read more