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Baidu Inc. plans to issue offshore bonds worth approximately 10 billion yuan (US$1.4 billion), marking its first bond issuance since 2021. The offering includes a five-year note with yields of 2.6% to 2.8% and a ten-year note yielding 2.8% to 3.0%. This financing aligns with the company's significant investments in AI development, with pricing expected to be finalized on March 5, ahead of a 4.3 billion yuan (US$600 million) debt repayment.
Zhipu, a Chinese AI startup backed by Alibaba, has raised over 1 billion yuan (approximately $140 million) in its latest funding round. The investment was led by government-backed entities from Hangzhou, with participation from existing investors including Tencent. This funding reflects the growing emphasis on China's AI sector.
The AUD/USD fell 2.32% last week, marking its worst performance since November 2023, driven by global concerns, tariff uncertainties, and a soft consumer sentiment report. As Australia prepares for its Q4 GDP release, forecasts suggest a modest growth of 0.4% quarter-on-quarter, while the RBA anticipates further rate cuts. The currency remains under pressure, with risks skewed to the downside as it trades below the 200-day moving average.
Carlos Mejia, CIO at Rothschild & Co Bank Schweiz AG, discusses the ongoing market turbulence driven by geopolitical tensions and the impact of Donald Trump's potential second term. He emphasizes the importance of focusing on long-term investment strategies despite short-term uncertainties, asserting that Switzerland's financial reputation remains strong due to effective actions by the Swiss National Bank and Finma during the Credit Suisse crisis. Mejia expresses confidence in Switzerland's competitive edge, citing its highly qualified workforce and consistent innovation leadership.
Huawei has unveiled advanced 5G private network solutions ahead of MWC 2025, focusing on latency reduction, enhanced security, and improved connectivity for industries like smart manufacturing and energy. The integration of 5G-A and AI is set to drive digital transformation, with a projected CAGR of 44.7% for 5G private networks from 2024 to 2030.Additionally, Huawei is pioneering AI integration in telco clouds, achieving significant milestones such as the first commercial dual-engine architecture. Innovations like New Calling and intelligent O&M are transforming telecom operations, enhancing user experiences, and optimizing resource allocation.
Goldman Sachs and BofA Securities have revised their bearish forecasts for the yuan amid renewed tariff threats from President Trump. The yuan has shown resilience against depreciation bets, supported by the People's Bank of China's daily reference rate and a tech-driven rally in Chinese stocks.
Warren Buffett has criticized President Trump's upcoming tariffs on Canada, Mexico, and China, labeling them "an act of war" and emphasizing that they ultimately act as a tax on goods. In a CBS interview, he expressed concern over the economic implications and urged the government to spend wisely, particularly to assist those in hardship. Buffett, who typically avoids political commentary, reiterated his stance from previous years that aggressive tariffs could harm the global economy.
Zenith Energy has expanded its lender line-up by securing deals with Deutsche Bank, MUFG, Société Générale, Royal Bank of Canada, Bank of China, Canadian Imperial Bank of Commerce, and Export Finance Australia. With nearly $4 billion in assets under management, executives indicate they are in advanced stages on several investments.
World stocks have hit a six-week low amid renewed tariff concerns as US President Trump announced significant tariffs on imports from Mexico, Canada, and China. Economies like China, the EU, and Mexico are most at risk, with Taiwan's equity market particularly exposed due to its reliance on US revenues. Amidst this volatility, experts recommend quality fixed income investments to manage risk and preserve capital.
World stocks have hit a six-week low amid renewed tariff concerns as the US imposes significant tariffs on imports from Mexico, Canada, and China. Economies like Taiwan, the EU, and Mexico face heightened risks, with Taiwan's equity market particularly exposed due to its reliance on US revenues. Amidst this volatility, experts recommend quality fixed income investments to manage uncertainty and preserve capital.
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