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Asian stocks steady; yuan gains on Biden-Xi meeting

Bloomberg Asian stocks were steady Tuesday and the yuan climbed as traders weighed the outcome of the first face-to-face virtual summit between US President Joe Biden and Chinese leader Xi Jinping. Treasury yields dipped. MSCI Inc’s Asia-Pacific share gauge posted a modest advance, while US and European equity futures fluctuated after the S&P 500 and Nasdaq 100 ended flat. Hong ...

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Temasek sells off Chinese tech stocks

Bloomberg Singapore’s state-owned investor Temasek Holdings Pte sold shares of US-listed Chinese technology companies from Alibaba Group Holding Ltd and Didi Global Inc to online education providers amid regulatory crackdowns. Temasek cut 16% of its stake in e-commerce giant Alibaba and 11% of its shares in ride-hailing service Didi, according to a 13F filing for the three months ended September ...

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G42 partners with GMIS to explore AI

DUBAI / WAM The Global Manufacturing and Industrialisation Summit (GMIS) and G42 have announced a partnership to explore the latest trends and opportunities in artificial intelligence (AI), advanced analytics and cloud computing to accelerate the digitisation of manufacturing processes and drive supply chain improvements. Through this partnership, GMIS and G42 will promote the adoption of disruptive technologies to solve some ...

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