China to suspend 24% additional tariff on US goods, retain 10% levy

China is looking to issue a $4 billion bond, with orders exceeding $65 billion, indicating strong investor interest and confidence in the market.

Asia's stock markets took a hit on Wednesday morning, primarily due to a selloff in tech stocks. Concerns over inflated valuations and fears of an artificial intelligence bubble, which began in the U.S. overnight, contributed to this downturn.

Global stock markets are experiencing a downturn, primarily driven by a sell-off in the US that has spread to Asia. Companies heavily reliant on artificial intelligence are particularly affected, leading to significant declines in their valuations.

Oil prices have taken a hit due to concerns over oversupply and a significant build in US inventories. This dip reflects ongoing market anxieties about demand and production levels.

China's services sector experienced a slowdown in October, reaching its lowest growth rate in three months, according to the latest PMI data. This decline raises concerns about the overall economic recovery and the challenges facing the service industry.

In October, China's services sector showed a slight growth that exceeded expectations, according to the RatingDog PMI. This positive trend indicates resilience in the economy, suggesting that consumer demand and business activity are picking up.

China's services sector continued to grow in October, despite experiencing its slowest growth in three months. A private survey highlighted that household spending and travel during the holiday season helped support the industry amid a broader economic slowdown.

Exzeo, an insurance technology firm, has successfully raised $168 million through its initial public offering in the United States, marking a significant milestone for the company and the industry.

Naver has announced record earnings for the third quarter, driven by significant growth in its AI initiatives. This impressive performance highlights the company's successful strategy in leveraging artificial intelligence to enhance its services and boost revenue.

Gold prices have seen a rebound as investors adopt a risk-off approach in the markets, with many looking ahead to the upcoming US payroll data for further insights.

In a dramatic turn of events, New York City's elite have unleashed a barrage of tactics against Zohran Mamdani's mayoral campaign, employing money, insults, and even scare tactics to thwart his ambitions. The atmosphere is tense as fears of a 'Hot Commie Summer' loom over Wall Street.

The article discusses five key areas where debt is becoming a significant concern in the rapidly growing AI data centre sector. It highlights the challenges and risks associated with financing these facilities, as well as the potential impact on the industry.

China is looking to issue a $4 billion bond, with orders exceeding $65 billion, indicating strong investor interest and confidence in the market.

Toyota has raised its full-year operating profit outlook, thanks to increased volumes and effective cost-reduction efforts. This positive adjustment reflects the company's strong performance and strategic initiatives.