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Guangdong-Hong Kong-Macao Intelligent Computing reported over 15 billion RMB in new AI compute cloud service intent orders for H1 2026, representing 35,000 PFLOPS of capacity. By end-June, more than 2 billion RMB in orders were delivered, adding 6,000 PFLOPS of operational compute. The company is actively fulfilling remaining orders.
Read MoreBank of America has significantly revised its long-term outlook for Brazil, cutting its 2027 GDP growth forecast from 2.0% to 1.3%. The adjustment signals heightened concerns over the country's structural economic challenges and future growth trajectory.
Read MoreRussia's government paid over 210 billion rubles in June to subsidize domestic oil refineries, a sixfold annual increase. This move compensates for price gaps and aims to ease severe fuel shortages, driven by refinery attacks and global market disruptions.
Read MoreKorean media reports indicate that Samsung Electronics and other firms were surprised to find themselves listed as partners in the OUSD alliance, stating they received no prior formal consultation. The companies expressed confusion over their roles, raising questions about the alliance's transparency and membership authenticity.
Read MoreJapanese oil buyers have initiated preliminary discussions with Iran to resume crude oil purchases, according to industry sources. This move could signal a potential shift in global energy trade flows amid ongoing sanctions, potentially impacting supply dynamics in Asian and global markets.
Read MoreMUFG analysis suggests persistent inflation risks may push the ECB toward further rate hikes, supporting the euro. The report highlights ongoing energy market uncertainties as a key policy consideration.
Read MoreMeta's AI chief clarified that Zuckerberg's comments on slowed AI agent development referred to industry-wide progress, not Meta specifically. He announced a major upcoming Muse Spark update, significantly boosting programming and agent capabilities for integration into Meta AI and a new API platform.
Read MoreIndia's foreign exchange reserves stood at $666.93 billion as of June 26, marking a weekly decline of $5.654 billion. The slight contraction draws attention to the central bank's reserve management amid global economic shifts.
Read MoreChina's securities regulator has launched a public consultation to revise key refinancing rules for listed companies, aiming to enhance market inclusivity and competitiveness. The proposed changes seek to streamline capital-raising processes and adapt to evolving market needs.
Read MoreTencent Cloud announced the official DeepSeek-V4 model will launch in mid-July on its TokenHub and agent development platform. The update brings functional and performance enhancements. New pricing strategies, including peak-valley pricing, will be implemented post-launch for optimized resource allocation and service stability.
Read MoreThe AI semiconductor rally shows signs of cooling while Bitcoin stages a strong rebound from recent lows. This simultaneous shift suggests potential capital reallocation among risk assets, highlighting evolving market dynamics.
Read MoreLiandong Technology has acquired 100% of Northstar Technologies for $10 million via its Hong Kong subsidiary. The move aims to introduce core storage test equipment technology and products to the domestic market, filling a key gap in its portfolio and enhancing its integrated solution capabilities.
Read MoreEast Money has invested 200 million yuan of its own capital into the Shanghai Yunfeng Yuancheng Private Equity Fund. With a target size of 3 billion yuan, the fund focuses on hard tech and emerging technologies. This financial investment aims to capture growth opportunities in cutting-edge sectors.
Read MoreBulgarian Prime Minister Radev announced reservations on the EU's 21st sanctions package against Russia, stressing the need to protect national economic interests. While supporting Ukraine's postwar reconstruction, he rejected measures that could escalate the conflict.
Read MoreDeutsche Bank analyzes Meta's plan to sell AI computing power as a strategy to commercialize non-core infrastructure, potentially generating up to $30 billion in new revenue by 2027 and reshaping its investment narrative.
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