Apple tops Nvidia in market value as AI trade broadens
What's new: Apple hovered near a $4.88 trillion valuation while Nvidia slid about 3%, narrowing the chipmaker's yearlong lead.
Subject
#Hsbc
Tencent targets $4 billion in US dollar, offshore yuan bond sale
What's new: The company is marketing 10- and 20-year dollar notes and 10- and 30-year offshore yuan debt under its $30 billion note program.
HSBC CEO pushes back on AI job fears, says hiring could grow
What's new: Georges Elhedery said HSBC already uses AI for compliance checks even as reports point to up to 20,000 potential cuts.
Bloomberg, The Business Times (Singapore)
Banks curb China travel as Beijing widens cross-border crackdown
What's new: UBS delayed a mainland wealth event, while Hong Kong regulators now require declarations that new investment funds came from outside China.