Month: March 2025
China’s open-source embrace upends conventional wisdom around artificial intelligence
China is focusing on large language models (LLMs) in the artificial intelligence space. Blackdovfx | Istock | Getty Images China is embracing open-source AI models in a trend market watchers and insiders say is boosting AI adoption and innovation in the country, with some suggesting it is an ‘Android moment’ for the sector. The open-source […]
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Novo Nordisk’s next-gen obesity drug CagriSema had investors excited. Now they’re not so sure
Medical bottles and syringe are seen with Novo Nordisk logo displayed on a screen in the background. Nurphoto | Nurphoto | Getty Images Novo Nordisk‘s hopes of heralding a new era of obesity treatment with its CagriSema drug have been called into question after a series of trial results sent shares falling. Headline results from […]
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Singapore inflation hits four-year low, below average MAS forecast for 2025
Signage for the Monetary Authority of Singapore is displayed outside the central bank’s headquarters in Singapore, on October 22, 2019. Singapore’s central bank tightened its monetary policy on Thursday, saying the widely forecast move will slow the inflation momentum. Ore Huiying | Bloomberg | Getty Images Singapore’s consumer price index grew 0.9% year on year […]
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Alibaba-affiliate Ant combines Chinese and U.S. chips to slash AI development costs
Key Points Alibaba-affiliate Ant Group is using both Chinese and U.S.-made semiconductors to make its artificial intelligence development more efficient, according to a source familiar with the matter. The combination of chips not only reduces the time and cost of training AI models, but also limits reliance on a single supplier such as Nvidia, the […]
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Beijing pledges greater market access as top global CEOs gather at the China Development Forum
Chinese Vice Premier He Lifeng (R) shakes hands with US Senator Steve Daines before a meeting held in the Xinjiang Room at the Great Hall of the People in Beijing on March 22, 2025. Ng Han Guan | Afp | Getty Images China’s Vice Premier He Lifeng has reassured foreign business leaders that Beijing will […]
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South Korea’s Prime Minister Han Duck-soo’s impeachment struck down by Constitutional Court
Han Duck-soo, South Korea’s prime minister and acting president, speaks during a news conference after lawmakers passed a motion to impeach South Korean President Yoon Suk Yeol in Seoul, South Korea, on Dec. 14, 2024. Bloomberg | Bloomberg | Getty Images South Korea’s Prime Minister Han Duck-soo’s impeachment was struck down by the country’s Constitutional […]
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CNBC Daily Open: Tariff flexibility sounds good, but also signals uncertainty
A cargo ship full of shipping containers is seen at the port of Oakland, as trade tensions escalate over U.S. tariffs, in Oakland, California, U.S., March 6, 2025. Carlos Barria | Reuters “Flexibility” connotes openness to change. U.S. President Donald Trump expressed Friday the possibility of being flexible with tariffs, which may have helped stocks […]
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Asia-Pacific markets mostly lower as Trump reciprocal tariff deadline looms
Filming an elevated overpass in Shanghai evening on a high-rise building Guowei Ying | Moment | Getty Images Asia-Pacific markets opened mostly lower Monday as U.S. President Donald Trump’s April 2 tariff deadline looms. Australia’s S&P/ASX 200 slipped 0.37%. South Korea’s Kospi lost 0.36%, while the small-cap Kosdaq dipped 0.05%. Japan’s Nikkei 225 rose 0.28% […]
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Stock futures rise as S&P 500 looks for a second winning week: Live updates
U.S. flags hang on the building of the New York Stock Exchange (NYSE), after U.S. President-elect Donald Trump won the presidential election, in New York City, U.S., November 6, 2024. Andrew Kelly | Reuters Stock futures were higher on Sunday, as investors try to glean whether equities can extend recent gains into a fresh trading […]
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Australia’s James Hardie to acquire U.S.-based AZEK in $8.8 billion deal
Fiber-cement maker James Hardie Industries said on Monday it will acquire outdoor products manufacturer AZEK in a cash and stock transaction valued at $8.75 billion, in what could potentially be Australia’s largest deal to date in 2025. Under the deal, AZEK shareholders are set to receive $26.45 in cash and 1.0340 ordinary shares of James […]
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