Boosts
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Alibaba’s AI Breakthrough With QwQ-32B Boosts Chinese Tech Stocks And Market Sentiment
Alibaba Group Holding unveiled its new open-source AI reasoning model, QwQ-32B, on Thursday, driving its shares up over 8% in Hong Kong — their biggest intraday gain in nearly two…
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US: Trump car tariff pause boosts automakers, stocks
WALL Street stocks jumped on Wednesday, rallying after the White House paused tariffs on the car industry in a move the lifted the auto sector and buoyed the broader market. Stocks struggled to…
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TSMC Boosts Investment In US By Another $100 Billion, Trump Announces
Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s biggest semiconductor manufacturer, plans to invest $100 billion in the United States, in addition to the $65 billion it had previously announced, President…
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Billionaire investor Ryan Cohen boosts stake in Alibaba to US$1 billion: WSJ
BILLIONAIRE investor Ryan Cohen has increased his personal stake in Chinese e-commerce giant Alibaba Group to roughly US$1 billion in recent months, The Wall Street Journal (WSJ) reported on Thursday…
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Cisco raises annual revenue forecast as AI boom boosts networking gear demand
CISCO Systems raised its annual revenue forecast on Wednesday (Feb 12), betting on higher demand for its cloud networking gear amid an artificial intelligence (AI) boom, sending its shares up…
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Huawei boosts smartwatch sales by registering them as medical devices
HUAWEI Technologies has found an unlikely way to boost sales of its latest smartwatches in the face of sluggish consumer spending in China: by registering them as medical devices. After…
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Saudi Aramco boosts prices to Asia as Middle Eastern crude soars
SAUDI Arabia hiked the price of its flagship crude to Asia by the most in more than two years as the kingdom responds to surging premiums for Middle Eastern crude…
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GSK plans £2 billion share buyback, boosts long-term outlook
GSK plans to buy back £2 billion (S$3.4 billion) of shares as it raised its long-term growth outlook on optimism around its drug pipeline. The British drugmaker boosted its 2031…
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Costco Boosts Hourly Pay To Over $30 Amid Union Tussle, DEI Backlash
Retailer Costco Wholesale has announced it will hike hourly pay for most fixed-wage U.S. store workers to more than $30. Hourly pay for top-tier employees will be increased by the…
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IBM beats profit estimates as AI shift boosts software performance, shares surge
IBM surpassed fourth-quarter profit estimates on Wednesday (Jan 29), driven by robust demand in its software unit as businesses ramped up IT spending, sending the company’s shares soaring about 10…
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India Boosts Domestic Arms Industry And Looks West To Pare Back Russia Reliance
India’s efforts to pare back a longstanding reliance on Russian military hardware is bearing fruit after the courting of new Western allies and a rapidly growing domestic arms industry, analysts…
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China boosts index investments in latest bid to revive market – The Business Times
China announced new measures to promote the development of index investment products, its latest effort to shore up the ailing equity market as it embraces a turbulent external economic environment. …
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JPMorgan boosts Jamie Dimon’s pay to US$39 million after record profit – The Business Times
JPMORGAN Chase lifted chief executive officer Jamie Dimon’s pay to US$39 million for 2024, a year in which the biggest US bank beat its own record for the highest annual…
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Morgan Stanley boosts senior Asia banker bonuses by up to 40% – The Business Times
MORGAN Stanley is raising bonuses for some of its top investment bankers in Asia by as much as 40 per cent this year after a jump in revenue, according to…
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Goldman Sachs boosts CEO pay to US$39 million, lines up five more years at helm – The Business Times
Goldman Sachs raised CEO David Solomon’s compensation 26 per cent to US$39 million for last year, according to a filing, and its board lined up an US$80 million stock retention…
