Foodpanda confirms layoffs, says it’s in talks to sell part of Asia food delivery business
A German media outlet reported that Foodpanda could sell its operations in Singapore, Cambodia, Malaysia, Myanmar, Philippines, Thailand and Laos.
UK regulator says it may clear Microsoft’s new Activision Blizzard takeover offer
The U.K.’s competition regulator says Microsoft’s restructured takeover proposal of Activision Blizzard, submitted in August, “opens the door to the deal being cleared.”
CNBC Daily Open: Banishing the AI hallucination
Four months after hype over artificial intelligence fired up markets, the rally’s starting to look more like a hallucination.
An HSBC-backed startup is using AI to help banks fight financial crime — and eyeing a Nasdaq IPO
Silent Eight’s AI models were actually trained on the processes that human investigators were carrying out within financial institutions, its CEO told CNBC.
Germany needs structural change to prevent a shift to the right, Commerzbank CEO says
Germany needs to implement structural changes if it wants to prevent a political shift to the right, Commerzbank CEO Manfred Knof told CNBC.
Bank of Japan leaves rates unchanged on concerns of ‘extremely high uncertainties’
The BOJ left rates and its dovish forward guidance unchanged on Friday, mindful of the “extremely high uncertainties” on the growth outlook.
‘The one risk I worry about’: Bond expert says Japan hiking cycle could spark a decade of repatriation
The Bank of Japan stands as an outlier with its ultra-loose monetary policy as global central banks have been hiking rates to cope with burgeoning inflation.
Singapore is now the world’s freest economy, displacing Hong Kong after 53 years
Singapore has dethroned Hong Kong to become the world’s freest economy after almost 50 years, according to a report released by the Fraser Institute.
Asia markets pare losses as Bank of Japan leaves monetary policy unchanged
The BOJ is expected to hold rates at -0.1%, but investors will be watching if the bank shifts its stance on other parts of its monetary policy, like its yield curve control policy.
Looking for value stocks? Citi lists over 10 European names — for risk-takers and the cautious
European value stocks are doing better than growth stocks right now, according to Citi analysts, who screened for those with “quality” and “risky” attributes.
