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Beijing steps up financial 'master plan' with major asset reshuffle

China is moving to create a group of world-class investment banks through a round of industry consolidation, analysts say.

Source: www.scmp.com
February 17, 2025 | 05:13:34
Category: News

AI Adoption To Draw Upto $200B in Chinese Equities, Goldman Sachs Forecasts. EPS To Rise By 2.5% Annually Over The Next Ten Years - Apple ( NASDAQ:AAPL ) , Amazon.com ( NASDAQ:AMZN )

Goldman Sachs predicts a substantial rise in Chinese stocks due to the rapid implementation of artificial intelligence ( AI ) technologies such as DeepSeek.

Source: www.benzinga.com
February 17, 2025 | 06:10:00
Category: News

Bitcoin Was Muted, Dogecoin Spiked, But The Icing On The 'Cake' Last Week Was A 62% Rally In This Token - Grayscale Bitcoin Mini Trust ( BTC ) Common units of fractional undivided beneficial interest ( ARCA:BTC )

The cryptocurrency market was influenced by Bitcoin's BTC/USD stagnation last week, although certain coins staged remarkable gains. What happened: CAKE, the token of the decentralized exchange PancakeSwap, topped the gainers' list, returning a massive 62% to its holders in the last week.

Source: www.benzinga.com
February 17, 2025 | 06:18:02
Category: News

Billionaire Ray Dalio's Bridgewater Trims Holdings In 6 Of 'Magnificent 7' Stocks Amid Valuation Concerns, Adds This Automotive Stock After 3 Years - Apple ( NASDAQ:AAPL ) , Amazon.com ( NASDAQ:AMZN )

Following the recent comments from billionaire investor Ray Dalio on "expensive," companies with high valuations, his fund Bridgewater Associates trimmed its positions in six of the 'Magnificent 7' stocks during the fourth quarter, while taking a fresh position in Elon Musk-led Tesla Inc. TSLA.

Source: www.benzinga.com
February 17, 2025 | 06:24:09
Category: News

Impact of US tariff reciprocity on Indian exports likely to be limited: SBI - ETCFO

Indian exports to the U.S. are expected to experience minimal impact despite anticipated higher tariffs, according to a State Bank of India report. Even with tariffs up to 20%, the decline in exports is estimated at only 3-3.5%.

Source: cfo.economictimes.indiatimes.com
February 17, 2025 | 02:54:37
Category: News

Developing | Xi hosts symposium with China's top entrepreneurs

The Chinese president gathered the country's business leaders for a high-profile meeting in Beijing.

Source: www.scmp.com
February 17, 2025 | 04:06:46
Category: News

China's DeepSeek-led AI story to draw US$200 billion into stocks: Goldman Sachs

The bank raises its 12-month targets for the MSCI China and CSI 300 indexes, implying a 16 to 19 per cent upside from current levels.

Source: www.scmp.com
February 17, 2025 | 04:17:06
Category: News

Apple Supplier Foxconn's Efforts To Make iPhones In India Thwarted By Tech And Talent Exports: Report - Hon Hai Precision ( OTC:HNHAF )

Apple Inc.'s AAPL key supplier Foxconn, also known as Hon Hai Precision Industry Co., Ltd HNHAF is reportedly facing obstacles in expanding its operations in India as China tightens restrictions on technology and talent exports.

Source: www.benzinga.com
February 17, 2025 | 05:00:20
Category: News

PlanB Shifts Bitcoin Holdings To ETFs Saying He's No Longer A 'Maxi' - Peter Schiff Reacts: Apex Crypto 'Not Fulfilling Its Supposed Purpose' - iShares Bitcoin Trust ( NASDAQ:IBIT )

Influential cryptocurrency analyst PlanB said Saturday that they have transferred all their spot Bitcoin BTC/USD to exchange-traded funds, seeking a hassle-free trading experience and "peace of mind."

Source: www.benzinga.com
February 17, 2025 | 05:13:09
Category: News

Will Markets Be Closed For Presidents Day? Here's What Investors Should Know - Invesco QQQ Trust, Series 1 ( NASDAQ:QQQ ) , Meta Platforms ( NASDAQ:META )

The third Monday of February is 'Presidents' Day' in the U.S. It is a federal holiday observed in the country as most banks and government offices along with NYSE and Nasdaq remain closed.

Source: www.benzinga.com
February 17, 2025 | 05:20:00
Category: News

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