Bank of America tops estimates on better-than-expected investment banking
Bank of America on Tuesday said second-quarter revenue and profit topped expectations on rising investment banking and asset management fees.
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Money launderers are increasingly turning to crypto to conceal flow of funds, Chainalysis says
Money launderers are increasingly using cryptocurrencies to conceal the origins and movement of illegally-obtained funds, according to a report by Chainalysis.
Powell indicates Fed won't wait until inflation is down to 2% before cutting rates
Federal Reserve Chair Jerome Powell said Monday that the central bank will not wait until inflation hits 2% to cut interest rates.
Hong Kong is testing out its own ChatGPT-style tool as OpenAI planned extra steps to block access
HONG KONG (AP) — Hong Kong’s government is testing the city’s own ChatGPT -style tool for its employees, with plans to eventually make it available to the public, its innovation minister said after OpenAI took extra steps to block access from the city and other unsupported regions.
A giant panda has given birth to a cub in a Dutch zoo, in a boost for the endangered mammals
THE HAGUE, Netherlands (AP) — A giant panda has given birth to a cub at a Dutch zoo, in a boost to the captive population of the vulnerable mammals.
T-shirts with image of Trump raising his fist after assassination attempt are for sale in China
BANGKOK (AP) — Images of the moment have already been splashed across the world’s front pages and papered many corners of the internet — former President Donald Trump, ear bleeding, with his right hand clenched in a fist above the Secret Service agents surrounding him after he was shot.
Western concerns about SCO ambitions must be allayed. Kazakhstan can help
As the SCO aims to play a larger role in global affairs, questions will arise about its ability to coexist peacefully with Western structures and countries, especially with the SCO chairmanship passing to China, a nation increasingly at odds with the West. As a country that has built good relations with both China and the West, Kazakhstan’s role within the SCO will be essential in addressing these concerns.
Ping An Insurance to raise $3.5bn in bond deal, document shows
SYDNEY (Reuters) -- China's Ping An insurance is looking to raise $3.5 billion in a convertible bond deal, according to a term sheet seen by Reuters on Monday.