U.S. Interest Rates

Credit Suisse Hampered Internal Probe Into Nazi-Linked Accounts, U.S. Senators Say

A committee of U.S. lawmakers on Tuesday said troubled Swiss bank Credit Suisse Group hampered a multiyear investigation into the servicing of Nazi clients and Nazi-linked accounts. Credit Suisse commissioned an investigation into allegations levied by a human rights organization that the bank held potential Nazi-linked accounts and failed to disclose them, even during Holocaust-related […]

Volkswagen Plans 10 More EV Models by 2026

Germany’s Volkswagen AG said on Tuesday it plans to introduce 10 more electric vehicle (EV) models by 2026 and it remained committed to China, where established foreign brands are losing ground to nimble local rivals. “As VW, we remain firmly committed to China … Our guiding principle is development in China, for China at full […]

Chinese EV Makers Should Brace for Protectionist Policies Abroad - NIO CEO

 Chinese electric vehicle makers should brace for the possibility of protectionist policies being leveled against them by foreign governments as they seize on their cost advantages to expand exports, the founder of Chinese EV maker Nio said. William Li told reporters on the sidelines of the Shanghai Autoshow that he estimated his firm and peers […]

Chatgpt’s AI to Power Chegg Study Buddy as Educators Wrestle with Tech

The artificial intelligence behind ChatGPT, the homework-drafting chatbot that some schools have banned, is coming to more students via the company Chegg Inc. The U.S. educational software maker has combined its corpus of quiz answers with the chatbot’s AI model known as GPT-4 to create CheggMate, a study aide tailored to students, CEO Dan Rosensweig […]

Apple in Talks With Suppliers to Make Macbooks in Thailand - Nikkei

Apple Inc is in talks with suppliers to make MacBooks in Thailand as part of the company’s ongoing efforts to expand its manufacturing presence beyond China, Nikkei reported on Thursday. Suppliers who are participating in these talks have existing manufacturing complexes in Thailand for other clients, and are discussing possible assembly and production of components […]

Dollar Soft as Cooling US Inflation Brings End in Sight for Fed Rate Hikes

The dollar remained subdued in Asian trade on Thursday after weakening overnight as cooler-than-anticipated U.S. inflation data stoked expectations that the Federal Reserve’s monetary tightening will end next month with one last interest rate hike. The dollar index, which measures the currency against six major peers, slid 0.6% overnight and was threatening to touch a […]

Can AI answer your money questions? We put chatbots to the test

Face it, we could all use a little help with our money. So who better to ask for personal finance advice than a couple of the most powerful chatbots on the planet? Both OpenAI’s ChatGPT and Google’s Bard are dominating headlines recently, for their generative capabilities and vast storehouses of information. Each has far more […]

Major Currencies Steady Ahead of Key U.S. Inflation Data

Major global currencies including the U.S. dollar were steady on Wednesday ahead of U.S. inflation data which investors will scrutinise for clues as to when the Federal Reserve could end its rate hiking cycle. The March inflation reading, due at 1230 GMT, is forecast to come in at 5.2% year on year, down from 6.0% […]