China state-owned banks buying yuan to slow declines: Reuters
China's major state-owned banks were seen selling dollars to buy yuan in the offshore spot market in early trades on Thursday, Citing two people "with direct knowledge of the matter", Reuters said one of the sources also revealed that such moves was meant to slow the pace of yuan declines.4 Hours AgoGoldman Sachs
named Chinese stocks it says are likely to benefit from developments in generative artificial intelligence — and two are on the bank's conviction list of buy-rated names. In two research notes dated July 16, Goldman gave an overview of opportunities and risks created by generative AI and picked the stocks likely to benefit.CNBC Pro: ASML shares surged more than 30% this year. Here's where Wall Street sees the stock goinghave soared this year on the buzz around semiconductor firms and artificial intelligence — its Netherlands-listed shares have jumped about 32% in the year to date, while its U.S.-listed ones have surged almost 40%.