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SoftBank to sink USD 9 bn a year into AI
The move is part of the company’s strategy to double down on AI and semiconductors investments
World’s largest active asset manager joins private debt craze
Capital Group and KKR will launch the first two hybrid private investment strategies next year
Emerging markets’ credit ratings are on the up at last
Three-quarters of sovereign credit rating movements in 2024 have been in a positive direction
Crypto gains on ETF optimism
Plus: Saudi stocks are lagging behind other EM counterparts for the first time since the pandemic
Top US official voices opposition to global wealth tax
US Treasury Secretary Janet Yellen said that the US will not back a proposal to tax the annual wealth of…
Latest inflation data sends USD rally into reverse
Traders now expect the Fed to deliver two quarter-point rate cuts in 2024
Chinese investment in north Africa, eastern Europe, central Asia more than double that of US and Germany combined
“China is dwarfing FDI from Germany and the US,” the EBRD’s chief economist Beata Javorick told the Financial Times
Traders send US stocks to record high after promising inflation data
US inflation cooled to 3.4% in April, coming in below analyst expectations
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