SenseTime shares soar more than 30% after announcing its latest generative AI model
Shares of SenseTime traded as high as 82 Hong Kong cents, a 34.42% gain from its previous close of 61 cents.
Swiss pharma giant Roche’s first-quarter sales edge higher as its emerges from post-Covid-19 slump
Roche lowered its 2024 growth outlook in February as it continues to confront a drop-off in demand for its Covid-19 products and a number of its cancer drugs.
Amazon is opening cloud regions in Southeast Asia to meet customer demand, CTO says
From startups to government agencies, Amazon CTO Werner Vogels said customers “have been asking” for local data residency.
Volvo Cars shares down 8% as first-quarter revenues fall
Swedish automaker Volvo Cars on Wednesday reported an uptick in first-quarter core operating profits driven by strong retail sales.
China’s Xiaomi is selling more EVs than expected, raising hopes it can break even sooner
Chinese smartphone company Xiaomi aims to sell at least 10,000 pure electric cars a month, for more than 100,000 deliveries this year, said CEO Lei Jun.
Tesla’s entry into India’s EV market will be ‘good news’ for the country, says MG Motor India
India’s EV sector still lacks competition, but entry from international automakers like Tesla will level the playing field, MG Motor India’s CEO Emeritus.
Bird flu resurgence drives up egg prices, spurring some to stock up
The virus, commonly referred to as bird flu, is extremely contagious and lethal among birds, has been detected in dairy herds in recent days.
‘Chaotic era’ for Asian currencies: Bank of America is not bullish on any of them
The Bank of America is not bullish no any currency in Asia, leading the investment bank to deem the start of a “chaotic era” for these currencies.
Buy these gold and copper stocks to ride AI, China demand and more, say fund managers
Gold and copper have been on fire, as geopolitical tensions mount, central banks buy up gold, and AI demand for copper grows.
Forget Nvidia: Morgan Stanley says Intel’s much-hyped AI chip will boost 3 global stocks
One of the stocks named by the Wall Street bank has a 70% upside potential.
