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A recent quarterly review by FTSE Russell of two indexes tracking Chinese stocks may result in more than US$850 million of capital flows, with sectors from metal producers to healthcare attracting passive investments, according to Goldman Sachs. Capital goods, metal and pharmaceutical companies would each attract between US$125 million and US$300 million in passive inflows after...
Huawei Technologies’ three-year-old patent for advanced patterning comparable with 2-nanometre grade technology without extreme ultraviolet (EUV) lithography tools has intensified speculation about a potential breakthrough in advanced chips. The US-sanctioned company is working to patent a metal integration technique for manufacturing semiconductors, which allows narrow metal st...
ByteDance’s TikTok will invest more than 200 billion reais (US$37.7 billion) to build a data centre in Brazil, marking its first project in Latin America. TikTok would partner with data centre developer Omnia and Casa dos Ventos, one of Brazil’s leading renewable energy providers, in a data centre in the northeastern state of Ceara, Monica Guise, head of public policy at TikTok ...
Hong Kong stocks traded in a narrow range as investors refrained from bets amid a lack of fresh catalysts that would further power a bull run. The Hang Seng Index fell 0.2 per cent to 25,704.89 as of 10.09am local time. The Hang Seng Tech Index dropped 0.3 per cent. On the mainland, the CSI 300 Index slid 0.2 per cent and the Shanghai Composite Index retreated 0.3 per cent. Elec...
Binance Holdings named co-founder He Yi as co-CEO in the biggest change to its top leadership since Zhao Changpeng stepped down from running the cryptocurrency exchange two years ago. She will share the title with Richard Teng, who succeeded Zhao as CEO of the world’s largest crypto trading venue in November 2023. Zhao, who resigned after pleading guilty to anti-money-laundering...
