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Moodys ratings: affirmed Baidus (BIDU.O) A3 rating; outlook remains stable.On January 26th, Tencent held its 2025 annual employee conference. Tencent Chairman and CEO Ma Huateng stated that in addition to AI exploration across various business platforms, TEG (Technology Engineering Group) and CSIG (Cloud and Smart Industry Group) are the main forces driving Tencents AI-driven intelligent transformation. Tencent will consider large-scale models and AI products in an integrated manner, and will adopt a cross-functional, collaborative, and co-design approach for product and organizational design in the future. Regarding the much-discussed AI-driven intelligent transformation of the WeChat ecosystem, Ma Huateng believes that a complete AI ecosystem may not be universally appealing. In the future, Tencent will continue to adhere to decentralization, considering both user needs and privacy security in planning and designing the WeChat intelligent ecosystem, ensuring everyone can use it with confidence.U.S. silver mining stocks rose in pre-market trading, with SILVERCORP METALS up 5.5%, ENDEAVOUR SILVER up 5.4%, Heracles Minerals up 6.3%, and Cordell Minerals up 4.7%.Ryanair CEO: Due to a complaint from American Airlines regarding passenger capacity at Dublin Airport, Aer Lingus flights to the United States are expected to be subject to restrictions.January 26 – On the afternoon of January 26, Xi Jinping, General Secretary of the CPC Central Committee and President of China, spoke by phone with To Lam, General Secretary of the Communist Party of Vietnam (CPV). Xi congratulated To Lam on the successful convening of the 14th CPC National Congress and his re-election as General Secretary of the CPV Central Committee, expressing his belief that under the leadership of the CPV Central Committee headed by General Secretary To Lam, Vietnam will certainly be able to accomplish the goals and tasks set forth at the 14th CPC National Congress and achieve Vietnams "Two Centenary Goals" at an early date. He added that China and Vietnam should adhere to their original principles and unwavering commitment, unite and cooperate to promote development, and work together towards a better future.

The Australian Authority Suspends Orders For Two Permanent Investment Funds

Charlie Brooks

Nov 25, 2022 14:27

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Friday, the Australian securities regulator ordered a unit of asset management firm Perpetual Ltd to temporarily halt promoting or delivering two products to individual investors due to elevated market risks.


Perpetual is aiming to conclude a deal with EQT-owned Barings Private Equity Asia (BPEA) and Regal Partners, while being compelled by the court to launch its own takeover proposal for rival Pendal Group.


The Australian Securities & Investments Commission (ASIC) has ordered Perpetual Investment Management's Perpetual Pure Microcap Fund and Perpetual Geared Australian Share Fund to halt distributing interest and giving advice to retail investors for 21 days.


According to the regulator, the portfolios of the funds are exposed to extreme market volatility and carry substantial risks, increasing the potential that investors would sustain enormous losses.


"ASIC issued the interim measures to protect retail investors from engaging in funds that may not be appropriate for their financial objectives, circumstances, or needs," the regulator noted.


"The Australian Securities and Investments Commission is concerned that Perpetual did not appropriately consider these features and risks when choosing the wide target markets for the products."


The government expects Perpetual to take "immediate measures" to ensure compliance.


Reuters requested a response from Perpetual but did not receive a prompt reply.

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