China to allow foreign institutions to offer new types of financial services in free trade zones
BEIJING (Reuters) – China will grant foreign financial institutions the same treatment as domestic ones in offering new types of financial services not yet available in the country in some free trade zones, the central bank said on Wednesday. The country
UK capital markets too dependent on foreign equity investors: Barclays
Investing.com — Barclays (LON:BARC) strategists, including Matthew Joyce, have highlighted that the UK capital markets are underperforming, largely due to an over-reliance on non-domestic equity investors. This dependency on foreign investors is viewed as a significant vulnerability. The strategists
Nasdaq futures lead gains after Netflix results, Trump’s AI investment plans
(Reuters) – U.S. stock index futures rose on Wednesday, with those tied to the tech-heavy Nasdaq in the lead as investors cheered streaming giant Netflix (NASDAQ:NFLX)’s strong quarterly performance and President Donald Trump’s multi-billion show of support for the AI
Texas economy growth moderates but remains strong: Wells Fargo
Wells Fargo (NYSE:WFC) economists noted that the Texas economy, while cooling from its post-pandemic surge, continues to outpace the national average in employment and GDP growth. The state’s nonfarm payroll growth has slowed, aligning more closely with pre-pandemic
TikTok owner ByteDance, DeepSeek lead Chinese push in AI reasoning
By Liam Mo and Brenda Goh BEIJING (Reuters) – TikTok owner ByteDance on Wednesday released an update to its flagship AI model aimed at challenging Microsoft-backed OpenAI’s latest reasoning model products, as a global race intensified to create AI models capable