Page 7 - Bloomberg

Alibaba Group to raise $10 billion by selling shares for AI expansion

The new share placement comes as the Chinese company ratchets up quarterly capital spending to almost $10 billion, aiming to safeguard its position in a fiercely competitive global AI arena

Europe's biggest luxury firms discern green shoots in key China market

Chinese household consumption is stabilizing and even starting to rebound in some categories like high-end cosmetics, improving sentiment on China in the luxury sector

South Korean traders chase 40% coupons as risk appetite survives rout

Equity-linked securities dangling annualized coupons of 40% to 50% have attracted renewed interest from mom-and-pop traders

Donald Trump's stock disclosure shows more than 1,000 trades in June

The transactions totaled between $78.1 million and $263.1 million in the filing published by the US Office of Government Ethics, which shows a range for each transaction rather than exact numbers

Juicy yields pull junk bond 'tourists' towards high-grade AI debt

The fact that investment-grade rated projects are tapping junk debt investors to get at least some bond deals done underscores the feverish competition for capital

Nvidia AI server prices set to rise over 15% amid soaring chip costs

The price hikes will go into effect on systems shipped early next year and will impact systems including those with the flagship Vera Rubin and Grace Blackwell chips

Luxury sales slump in China as tax crackdown hits wealthy shoppers

Sales at the 25 biggest luxury labels in China dropped more than 10% in July, according to three research firms surveyed by Bloomberg that track industry data

US hits Canadian goods with 50% tariffs, Mark Carney vows to retaliate

The US tariffs kicked in Saturday on hundreds of items the US buys from Canada, such as plywood, liquor, electrical equipment and hockey gear, totaling around $20 billion

Anthropic taps Google chip veteran Amir Salek as part of push into hardware

Anthropic, which buys chips from a variety of sources, including Nvidia Corp., Google and Amazon.com Inc., has indicated recently that it wants to build an in-house silicon business

Apple cuts jobs in Siri, Vision Pro immersive video, and gaming teams

Apple is also laying off employees in its Intelligent Systems Experience, a team within its software engineering organisation responsible for some of the AI features on its devices

Fujifilm expands key chip material output to capture AI demand

The Tokyo-based company spent ¥7 billion ($44 million) on the expansion project after forecasting the market will grow rapidly going forward.

India bets on battery storage boom to reduce rising solar power losses

Projects that are not equipped with battery storage are unlikely to find buyers, with almost 42 gigawatts of planned capacity yet to sign offtake contracts, Renewables Secretary Santosh Kumar Sarangi

India economic growth may beat RBI's 6.7% forecast: Deputy Guv Poonam Gupta

Gupta also sounded confident about India's external accounts, saying it will be 'much more conducive'

Why India's Unified Payments Interface needs reform, and not US pressure

The lesson for New Delhi: Keep peer-to-peer and mom-and-pop transactions free, but let large commercial platforms pay, say, 0.5 per cent

Sebi's swift action against JPMorgan unit seen as warning to traders

The crackdown underscores the regulator's determination to ensure the success of the so-called Closing Auction System, one of the biggest reforms to India's stock market in recent years

Nancy Kissinger, wife of former US secretary of state, dies at 92

Nancy Kissinger, who helped shape her husband Henry Kissinger's public life and moved among New York's political, social and cultural elite, died at her home in Connecticut at 92

ChatGPT can now control iMessage, raising potential Apple privacy concerns

The new feature, available for ChatGPT on the Mac, allows the OpenAI system to take actions such as reading, writing and sending text messages

Anthropic set to add Citigroup to top IPO banks ahead of mega-listing

The bank would join rivals Morgan Stanley, Goldman Sachs Group Inc. and JPMorgan Chase & Co. in the top ranks of advisers on the upcoming deal

Pakistan's ex-PM Imran Khan moved to hospital following court order

The Supreme Court on Tuesday ordered Khan, 73, to be transferred to the Shifa International Hospital in Islamabad for treatment of several health problems, including an eye condition

Meta has quietly become one of Microsoft's largest AI customers

A major prong of Microsoft's AI strategy is offering models from a variety of providers through a marketplace called Foundry, which had 100,000 customers as of July.