China has officially launched the National Artificial Intelligence Industry Investment Fund, contributing a total of 60.06 billion yuan to drive AI industry development, according to a report from the Securities Times on Monday (Jan. 20). The partners of the fund include Third Phase of the National Integrated Circuit Industry Investment Fund (Big Fund Phase III) and Shanghai Guozhitou Equity Investment Management Co.
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Investors and fund managers grow more optimistic toward private equity (PE) from 2025, according to a new report by London-based investment data company Preqin. Half of surveyed investors aim to increase their investment in private equity in 2025, compared with 28% the year before, although exits and asset valuations are still a concern. After two challenging years for private equity in 2022
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The Japanese government is set to issue bonds worth 6,690 billion yen ($44 billion) in fiscal 2024,to finance nearly half of a supplementary budget with general-account expenditure of 13,943.3 billion yen, local media reported on Thursday (Nov. 28). The budget is being compiled to pay for an economic stimulus package aimed at cushioning the blow to low-income households from rising prices. The
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The global InsurTech market size is estimated to grow by USD 77.41 billion from 2024-2028, according to Technavio, a leading technology research and advisory company. The InsurTech market refers to the use of technology to create, distribute, and administer insurance products. This includes social insurance, life & health, auto, marine, liability, buildings, and commercial buildings insurance. The market is estimated to grow
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Gold rallied on Friday (Nov. 22) on safe-haven demand and was on track for its biggest weekly gain in over a year, propelled by the intensifying Russia-Ukraine crisis. Earlier this week, Ukraine launched its second Western-supplied missile into Russia, while Kyiv’s air force reported that Russia fired its first intercontinental ballistic missile at Ukraine on Thursday (Nov. 21) in retaliation. Spot gold
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India’s forex reserves decreased by $6.78 billion to $675.65 billion for the week ended November 8, according to data released by the Reserve Bank of India (RBI) on Friday (Nov. 15). Foreign exchange reserves are assets held by a nation’s central bank or monetary authority, typically denominated in reserve currencies such as the US Dollar, Euro, Japanese Yen, and Pound Sterling. After
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Leading multi-line insurer Zurich Insurance Group has reported strong top-line growth across all businesses in the first nine months of the year. In its interim earnings announcement, the Switzerland-based Group said the property & casualty (P&C) business continued to show strength while Life and Farmers Management Services build on their positive momentum. P&C insurance revenue was up to $33.26 in the first
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British multinational universal bank Barclays estimates that emerging market sovereign international bond sales will reach as much as $160 billion this year, and around $130 billion next year, according to a Reuters report. A sovereign bond is a debt security issued by a national government to raise money for its operations, pay down old debt, pay interest on current debt. Bond supply
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The Securities and Exchange Board of India (SEBI) on Wednesday (Nov. 12) proposed revisions for angel funds regulation, including lowering investment limits and widening the range of eligible investors to boost startup funding but sought stricter scrutiny of these investors. Angel Funds are a category of venture capital funds that channel investments into start-ups, primarily from Angel Investors. As of March 31,
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The Vienna-based Organization of the Petroleum Exporting Countries (OPEC) on Tuesday (Nov. 12) further cut its forecasts for world oil demand growth this year and next, marking the cartel’s downward revision for the fourth consecutive month. In its monthly oil market report for November, OPEC now expects a “healthy” global oil demand growth of 1.82 million barrels per day (bpd) for 2024.
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