A Hong Kong court has sentenced veteran film producer and actor Raymond Wong Pak-ming to five months in prison for sharing insider information with his sister to trade shares in an entertainment company he chaired in 2017. However, the 80-year-old will not have to begin serving the sentence immediately, after Magistrate Ko Wai-hung granted him bail pending appeal on Tuesday. Ko said he would not c...
A Hong Kong court has sentenced veteran film producer and actor Raymond Wong Pak-ming to five months in prison for sharing insider information with his sister to trade shares in an entertainment company he chaired in 2017. However, the 80-year-old will not have to begin serving the sentence immediately, after Magistrate Ko Wai-hung granted him bail pending appeal on Tuesday. Ko said he would not consider a suspended sentence or any non-custodial punishment for Wong, who was convicted of insider...
Igor Kutyaev/iStock via Getty Images By Lynn Song , Chief Economist, Greater China Exports saw a big boost from the recovery of exports to the US China's exports rose by 19.3% year-on-year in May (market forecast15.0%, ING 19.4%), which was up from 14.1% YoY in April. This is in line with our forecast, though stronger than market forecasts. The increase marked a 3-month high and brought the year-t...
Igor Kutyaev/iStock via Getty Images By Lynn Song , Chief Economist, Greater China Exports saw a big boost from the recovery of exports to the US China's exports rose by 19.3% year-on-year in May (market forecast15.0%, ING 19.4%), which was up from 14.1% YoY in April. This is in line with our forecast, though stronger than market forecasts. The increase marked a 3-month high and brought the year-to-date export growth to 15.5% YoY. By export destination, the big story for May was a strong rebound of exports to the US, which rose to 35.4% YoY, the highest growth level since 2021. This recovery is primarily a base effect story rather than a reflection of Trump's visit to China. Recall that May 2025 marked the peak of the US-China trade war, when additional tariffs on China surged to 125%. This effect will likely weaken starting with next month's data. We'll start to get a more realistic look at trade in the months ahead under the current tariff environment. The recovery we have seen in the last two months brought year-to-date exports to the US to -2.7% YoY. If we see exports return to positive growth this year, it will remove the biggest drag on China's exports from last year. Tangible trade deliverables looked rather limited after Trump's visit to China. Announcements focused on restoring agricultural purchases to "normal" levels, but moves to establish a trade board and adopt a "constructive strategic stability" approach to bilateral relations could help both sides avoid major trade clashes like last year. There is hope that we'll see further trade breakthroughs before or after President Xi's possible visit to the US in September. Looking at other areas, exports to South Korea were also very strong (42.1%) as tech trade has accelerated. We also saw strong export growth to ASEAN (24.3%) and Russia (35.8%). The key laggards were exports to the EU (7.6%) and Japan (10.9%). By export product, the same trends from the past few years continued. China's exports of hi-tech p...
Rolling coverage of the latest economic and financial news, as the AI trade bounces back OpenAI confidentially files for initial public offering on US stock market The AI trade has continued to bounce back this morning, reports Deutsche Bank’s Jim Reid: The KOSPI (+7.35%) is sharply higher after its 9th worst day in 45 plus years of history yesterday (-8.29%). The Nikkei (+2.19%) is also benefitin...
Rolling coverage of the latest economic and financial news, as the AI trade bounces back OpenAI confidentially files for initial public offering on US stock market The AI trade has continued to bounce back this morning, reports Deutsche Bank’s Jim Reid: The KOSPI (+7.35%) is sharply higher after its 9th worst day in 45 plus years of history yesterday (-8.29%). The Nikkei (+2.19%) is also benefiting from a recovery in technology stocks after a decline of over -3.5% yesterday . Chinese stocks are up just over half a percent and other markets are broadly flat. S&P 500 (+0.26%) and NASDAQ 100 (+0.54%) futures are also continuing to recover after a decent session yesterday. Continue reading...
Apollo and Blackstone Said to Complete $35 Billion Private Credit Deal to Provide ‘Chip Financing’ for Anthropic’s Computing Power Expansion TradingKey
Apollo and Blackstone Said to Complete $35 Billion Private Credit Deal to Provide ‘Chip Financing’ for Anthropic’s Computing Power Expansion TradingKey
South Korea is set to crack down on speculative foreign-exchange trading, with regulators planning on-site inspections and investigations into suspected market-disruptive activities, the finance ministry said. Authorities will target transactions aimed at distorting the market and carry out field inspections this week, examining whether participants are taking part in speculative deals, Moon Ji-su...
South Korea is set to crack down on speculative foreign-exchange trading, with regulators planning on-site inspections and investigations into suspected market-disruptive activities, the finance ministry said. Authorities will target transactions aimed at distorting the market and carry out field inspections this week, examining whether participants are taking part in speculative deals, Moon Ji-sung, deputy finance minister for international affairs, said in a statement. The government regards the current situation as grave and is closely monitoring market trends and major order flows in coordination with other agencies, the statement added. The plan was outlined during the ministry’s meeting with currency-market participants and experts, following an emergency market review held over the weekend. The latest efforts come after the South Korean government and financial regulators held a meeting with the banking industry on Monday to discuss matters related to foreign exchange. The won rose as much as 1.2% to 1,509.50 on Tuesday following a 2% rally the previous session as authorities reiterated their pledge to rein in the currency’s weakness and probe speculative trading. Read: S. Korea Vows ‘Strong’ Action Against One-Sided Moves in FX
周一， 苹果 公司在年度开发者大会开幕之际，推出了万众期待的新版 Siri 语音助手，用户可通过一款全新的 Siri 应用来使用该功能。 这款升级后的语音助手现已更名为Siri AI，搭载 谷歌 双子座大模型，支持用户以文字指令与其交互。此前 Siri 主要依托语音交互，而如今这款新应用和人工智能聊天机器人 ChatGPT、克劳德一样，用户可以回看历史对话记录。 不过，苹果在演示新版 Siri 功...
周一， 苹果 公司在年度开发者大会开幕之际，推出了万众期待的新版 Siri 语音助手，用户可通过一款全新的 Siri 应用来使用该功能。 这款升级后的语音助手现已更名为Siri AI，搭载 谷歌 双子座大模型，支持用户以文字指令与其交互。此前 Siri 主要依托语音交互，而如今这款新应用和人工智能聊天机器人 ChatGPT、克劳德一样，用户可以回看历史对话记录。 不过，苹果在演示新版 Siri 功能时，并未展示竞品聊天机器人那些亮眼的高阶特性。ChatGPT 和Claude能够理解并执行范围更广、表述更笼统的复杂指令，而苹果高管现场仅演示了简单的问答互动。其中一个演示场景里，Siri 负责人迈克・罗克韦尔借助 Siri 查询本地演唱会信息、咨询购票方式、设置购票抽签提醒，还播放了该歌手的最新单曲。部分指令发出后，Siri 会延迟数秒才做出回应。 苹果同时宣布推出全新视觉智能功能，借助人工智能分析 iPhone 或 Mac 屏幕上的内容，并据此执行相关操作。例如，该功能可识别音乐节日程，并将多个活动一键添加至用户个人日历。 消息公布后，苹果股价下跌 4%。 除人工智能相关功能外，苹果表示还对全新操作系统进行了多项软件优化，全面提升设备运行表现。官方称，应用启动速度较以往提升 30%，相册加载新照片的速度提升 70%。此外，设备端搜索工具也完成重构，搜索结果覆盖面更广，能更精准地呈现新旧各类内容。 最后，苹果将上线全新儿童安全功能。此举大概率是为了应对监管部门对其过往家长管控功能日益严格的审查。新功能允许家长管控孩子在苹果设备上的使用权限，包括可浏览的网站、可使用的应用，同时还能限定孩子的通讯联系人。 责任编辑：江学思