Showing 1-10 of 182 results
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AI frenzy pushes Nvidia value to $2 trillion
Published on 23/02/2024
» NEW YORK - The market value of Nvidia hit $2 trillion on Friday, riding on an insatiable demand for its chips that made the Silicon Valley company the pioneer of the generative artificial intelligence boom.
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Once the bane of big tech, Vestager's star wanes
AFP, Published on 08/12/2023
» BRUSSELS - Margrethe Vestager is preparing to return to her day job as the European Union's competition chief after a hard-fought and ultimately unsuccessful bid to lead the bloc's lender.
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DUP/BoT okays 3 virtual bank licences
Business, Somruedi Banchongduang, Published on 21/07/2023
» The Bank of Thailand has decided to grant only three virtual bank licences in the first round. The number is suitable to ensure stability of the Thai financial market and protect depositors from any risk of the new banking business, according to the governor of the central bank.
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BoT okays 3 virtual bank licences
Somruedi Banchongduang, Published on 20/07/2023
» The Bank of Thailand has decided to grant only three virtual bank licences initially, saying the number is suitable to ensure stability of the local financial market and protect depositors from risk associated with new businesses.
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US Fed official calls for increase to bank capital requirements
AFP, Published on 10/07/2023
» WASHINGTON - A senior Federal Reserve official has proposed raising capital requirements for large and mid-sized US banks as part of a "comprehensive" series of measures to tighten banking regulation and supervision.
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G-7 finance chiefs boost Ukraine aid, propose supply chain plan
Bloomberg News, Published on 13/05/2023
» NIIGATA: Group of Seven (G-7) finance chiefs put more aid on the table for Ukraine, set up a new supply chain initiative and vowed to fill regulatory gaps in the banking sector in a show of unity on global geo-economic issues after three days of talks.
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HSBC faces shareholder vote on splitting bank
AFP, Published on 05/05/2023
» LONDON - Bank giant HSBC faces a vote by shareholders on Friday over a proposal by its largest stakeholder, Chinese insurer Ping An, to split the business to seek better returns.
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Key Asian bourses dip amid US concerns
Business, Published on 04/05/2023
» Major Asian stock exchanges sank on Wednesday on renewed investor concerns that a softening US economy and troubles with that country's regional lenders could slow Asia's growth.
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Fed likely to hike rates again as bank fears resurface
AFP, Published on 03/05/2023
» WASHINGTON: The US Federal Reserve is widely expected to raise its benchmark lending rate for a 10th — and possibly final — time on Wednesday, as it aims to bring down inflation while preventing fresh banking concerns from spreading.
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Fresh rout of US regional banks despite First Republic deal
AFP, Published on 03/05/2023
» NEW YORK: Shares of United States regional banks suffered deep losses on Wall Street Tuesday, dashing hopes that the resolution of First Republic's woes would end the crisis.
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