Joanne Wong

3 weeks ago | news.bloombergtax.com | Abhishek Vishnoi |Joanne Wong

Emerging market stocks rose to recoup their losses for the year, as investors expect the assets class to benefit from eroding confidence in US equities. The MSCI Emerging Markets Index gained as much as 1.7% on Wednesday, with South Korea’s Kospi gauge recovering its drop seen in the wake of US reciprocal tariffs. India was the first major market to wipe out such tariff-induced declines last week. The resilience stands out as US stocks remain 10% down for the year.

1 month ago | news.bloombergtax.com | Joanne Wong |Avril Hong

The Pennsylvania Municipal Retirement System is looking at private credit as a US domestic strategy, while it seeks asset diversification, its chief executive officer said in an interview with Bloomberg Television. The pension administrator, managing more than in assets, says it’s studying private credit fund managers and where they’re investing, Timothy Reese said on the sidelines of the Milken Institute Global Investors’ Symposium in Hong Kong on Monday.

1 month ago | bloomberg.com | Joanne Wong |Avril Hong

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1 month ago | bloomberg.com | Saritha Rai |David Ingles |Joanne Wong

Chinese entrepreneur Kai-Fu Lee expects just three AI models to survive a domestic shakeup triggered by the advent of DeepSeek, which up-ended the existing template for artificial intelligence development. The venture investor and founder of 01.AI is betting on DeepSeek, Alibaba Group Holding Ltd. and ByteDance Ltd. dominating the Chinese market ultimately. And the US might have four leaders including xAI, OpenAI, Google and Anthropic, the prominent computer scientist told Bloomberg Television.

1 month ago | ca.finance.yahoo.com | Saritha Rai |David Ingles |Joanne Wong

(Bloomberg) -- Chinese entrepreneur Kai-Fu Lee expects just three AI models to survive a domestic shakeup triggered by the advent of DeepSeek, which up-ended the existing template for artificial intelligence development.