Category: 3. Business

Specialty

Please chooseI’m not a medical professional.Allergy and ImmunologyAnatomyAnesthesiologyBiostatisticsCardiac/Thoracic/Vascular SurgeryCardiologyCritical CareDentistryDermatologyDiabetes and EndocrinologyEmergency MedicineEpidemiology and Public HealthFamily MedicineForensic MedicineGastroenterologyGeneral PracticeGeneticsGeriatricsHealth PolicyHematologyHIV/AIDSHospital-based MedicineI’m not a medical professional.Infectious DiseaseIntegrative/Complementary MedicineInternal MedicineInternal Medicine-PediatricsMedical Education and SimulationMedical PhysicsMedical StudentNephrologyNeurological SurgeryNeurologyNuclear MedicineNutritionObstetrics and GynecologyOccupational HealthOncologyOphthalmologyOptometryOral MedicineOrthopaedicsOsteopathic MedicineOtolaryngologyPain ManagementPalliative CarePathologyPediatricsPediatric SurgeryPharmacologyPhysical Medicine and RehabilitationPlastic SurgeryPodiatryPreventive MedicinePsychiatryPsychologyPulmonologyRadiation OncologyRadiologyRheumatologySubstance Use and AddictionSurgeryTherapeuticsTraumaUrologyMiscellaneous

HSBC and Mistral AI have announced a strategic partnership to enhance and accelerate the use of generative AI across the bank, improving business processes, saving employees time and helping to better serve millions of customers globally.

This multi-year partnership provides access to Mistral AI’s commercial models, including future developments.

Under the agreement, HSBC and Mistral’s applied AI, science and engineering teams will collaborate on the development of generative AI solutions across the organisation.

HSBC will combine its strong internal technology capabilities with Mistral AI’s deep expertise in foundational model development. This will enable HSBC to enhance current AI initiatives through self-hosted AI models that operate on HSBC’s internal technology systems.

HSBC is continually assessing a wide range of large language models (LLMs) as part of its technology strategy. The bank saw a valuable opportunity to use Mistral’s AI expertise to enhance its internal tools, including an AI-powered platform used by HSBC colleagues globally to help with productivity tasks. This includes:

• creating business tasks which support a variety of needs across the bank, such as allowing client-facing teams to deliver tailored communications at speed, enabling marketing teams to launch hyper-personalised campaigns, and helping procurement teams identify risks and savings opportunities
• enhancing financial analysis of complex and document-heavy client lending or financing processes
• multilingual reasoning and translation services: helping to translate and validate information in multiple languages to inform customer interactions
• faster development innovation cycles: enabling teams to prototype, validate and launch new processes or features more rapidly

The partnership with Mistral builds on HSBC’s investments in the latest AI technologies which are focused on increasing business efficiencies and better serving customers.

Future areas of focus for HSBC will include customer-facing innovations, such as improvements to credit and lending processes, enhancing customer onboarding, and fraud and anti-money laundering checks.

Georges Elhedery, Group CEO, HSBC, said:

“Working with Mistral is an exciting step forward in HSBC’s technology strategy, enabling us to further enhance AI capabilities across the bank. The partnership will equip our colleagues with tools to help them innovate, simplify daily tasks, and free up time to deliver for our customers.”

Both organisations are committed to the responsible use of AI and will work together to ensure all deployments adhere to the highest standards of AI transparency, data privacy, and technology development.

Arthur Mensch, Mistral AI Co-Founder and Chief Executive Officer, said:

“We are proud to engage in this long-term partnership with HSBC. Our highly customisable, enterprise-grade frontier AI solutions will reinvent HSBC’s workflows and services while ensuring full ownership of data. Together, we will provide HSBC’s employees with high-end, AI-powered productivity tools and a new generation of banking services for millions of customers worldwide.”

The medicines regulator has added two new safety warnings around mental health and contraception for people taking high profile diabetes and weight loss drugs.

The Therapeutic Goods Administration (TGA) says because suicidal behaviour and ideation have been reported with these relatively new GLP-1 receptor agonists, doctors should “monitor patients for the emergence or worsening of depression, suicidal thoughts or behaviours, and/or any unusual changes in mood or behaviour”.

This warning around the potential risk of suicidal thoughts applies across the GLP-1 RA class of medicines including Ozempic, Wegovy, Saxenda, Trulicity and Mounjaro.

The TGA has also issued a separate warning around Mounjaro and contraception.

After investigating the potential reduced effectiveness of oral contraception when first taking or increasing the dose of Mounjaro, the TGA said it could not rule out an association.

As a precautionary measure, they have updated the product warnings for Mounjaro to include further advice for patients using oral contraceptives to switch to a non-oral contraceptive or add a barrier method of contraception for four weeks after first taking the medicine and for four weeks after each increase in the dose.

They add that none of the GLP-1 RA class of medicine should be used during pregnancy.

Those seven companies, through the establishment of this standard design framework, aim to collaborate with other domestic shipyards to realize the development and initial design of the ships with global competitiveness.

“K” LINE, MOL, and NYK Line have decided to invest in MILES to accelerate this cross-industry collaboration in Japan, and will work to promote construction at multiple shipyards in Japan by utilizing this standard design framework.

Furthermore, JMU and NSY have also decided to invest in MILES in order to strengthen such collaboration so that the standard specifications and designs provided by MILES can be widely used in the domestic industry, thereby regaining global competitiveness for the Japanese shipbuilding industry.

Through this MoU, the companies will aim to contribute to the further progress of a sustainable carbon neutral society.

By Megan Cheah

  Shares of Jiangxi Copper rose Monday after the Chinese miner's $1 billion bid to take over U.K.-listed SolGold was rejected. 

  Jiangxi's Hong Kong-listed shares rose as much as 12% in early trade before paring gains to 8%. Its stock was last up by a similar amount in Shanghai. 

  That came after SolGold's board said Friday it had unanimously rejected the takeover proposal from Jiangxi--its biggest shareholder, according to FactSet. 

  Jiangxi had submitted two non-binding cash offers to acquire SolGold, which focuses on gold and copper mining and has operations in Latin America. 

  Nanchang-based Jiangxi already has a 12.2% stake in the company. Mining groups BHP Group and Newcrest Mining hold stakes of 10.4% and 10.3% in SolGold, respectively, according to FactSet. 

  Jiangxi said its acquisition bid remains in the non-binding offer stage, and that it will announce whether it intends to buy SolGold by Dec. 26, as required by U.K. regulations. 

  There has been a flurry of dealmaking in mining fueled in part to companies' push to secure supplies of copper, a key component in sectors from data centers to electric vehicles. 

  In September, Anglo American and Teck Resources agreed to a merger that will create one of the world's biggest copper producers in one of the largest-ever deals in the mining industry. 

  Write to Megan Cheah at megan.cheah@wsj.com 

  (END) Dow Jones Newswires

  November 30, 2025 23:37 ET (04:37 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.

Stock Futures Little Changed as Traders Enter December

Expectations are running high for a strong December after a volatile November.

—-

China Private Gauge Signals Weaker Manufacturing Activity

Growth in China’s manufacturing production came to a halt as new orders nearly stalled last month despite a renewed rise in new orders from abroad.

—-

South Korea’s Export Growth Picked Up in November

South Korea’s exports rose at a stronger-than-expected pace in November, backed by brisk demand for semiconductors and a trade deal between Seoul and Washington.

—-

Rate Hikes Wouldn’t Put Brakes on Japan’s Economy, BOJ’s Ueda Says

The Bank of Japan will thoroughly discuss the possibility of an interest-rate increase at its upcoming meeting, Gov. Kazuo Ueda said, stoking hopes for a resumption of monetary tightening this year.

—-

American Consumers Have Had It With High Car Prices

Shoppers are starting to draw the line on what they will pay for a new car, with some turning to used vehicles, taking on longer car loans and holding out for deals.

—-

Is America Heading for a Debt Crisis? Look Abroad for Answers

Politics and debt don’t mix well. Americans would be wise to look across the Atlantic to see how tough things can get.

—-

Since Trump’s Return, Bets on His Brand Have Soured

Stocks and cryptocurrencies tied to the president and his family have tumbled amid a broader rout of riskier assets.

—-

Why Jewelry Is Outperforming the Rest of the Luxury World

Expensive jewels are the choice of superwealthy households getting even richer from the stock market.

—-

The Score: Campbell’s, Kohl’s, Alphabet and More Stocks That Defined the Week

Here are some of the major companies whose stocks moved on the week’s news.

—-

Week Ahead for FX, Bonds: U.S. ISM, ADP Data in Focus as Fed Rate Cut Looks Likely

U.S. ISM surveys on manufacturing and services activity, plus the latest ADP private payrolls, will be watched closely for confirmation that the Federal Reserve could cut interest rates at its next meeting.

—-

Salesforce, Marvell Technology, Dollar General, Ulta Beauty, and More Stocks to Watch This Week

The first week of the year has a full slate of earnings reports and economic data.

—-

A Chicago Data Center Overheated-and Shut Down Trade in Key Markets Across the Globe

The outage, which lasted for 10 hours, hit CME’s equity, bond and commodity futures. It also offered a warning.

—-

Canadian Economy Rebounds by More Than Expected

Canada’s economy recovered far more strongly than anticipated in the latest quarter, pulled out of its decline by a bounce-back in net trade and a surge in defense spending that helped mask weak domestic demand.

—-

The Fed Is Turning the Corner on Profits. It’s Good for the Treasury.

Higher interest rates have brought a tide of red ink to the bank.

—-

Japan Plans Extra Bond Issuance That May Fuel Fiscal Fears

Prime Minister Sanae Takaichi’s cabinet on Friday approved a draft supplementary budget for the fiscal year ending March 2026 that is worth 18.303 trillion yen, or about $117.10 billion.

—-

Silver Shift: How China’s Older Consumers Are Becoming Reliable Spenders

Seniors in China aren’t simply buying the basics. They are demanding high-quality food, health services, and travel.

  (END) Dow Jones Newswires

  November 30, 2025 23:15 ET (04:15 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.

Markets surge despite tech sector shake-up

United States (US) stock markets finished higher on Friday, buoyed by growing confidence that the Federal Reserve (Fed) will cut rates at its 10 December Federal Open Market Committee (FOMC) meeting. In a holiday-shortened week, the Nasdaq 100 surged 4.93%, the S&P 500 gained 3.73%, and the Dow Jones added 1,471 points, or 3.18%.

While all three indices ended the week positively, November’s overall performance was mixed. The S&P 500 and the Dow Jones posted monthly gains, but the Nasdaq 100 snapped a seven-month winning streak, falling by 1.64% in November.

This was largely due to a 12.59% drop in index heavyweight NVIDIA to $177.00, marking its worst month since March. Investors rotated out of the AI chip leader into Alphabet, which surged 13.59% last month to $320.12.

The switch, which appears to have further to run, is being driven by Google Cloud’s 34% revenue surge, fuelled by explosive tensor processing unit (TPU) demand and further boosted by the recent Gemini 3 launch – Google’s most capable multimodal model, optimised for TPU clusters and instantly rolled out across Search.

Key data releases this week

Looking ahead, this week will feature the following releases:

We will monitor the ISM services PMI closely (previewed below), given that services account for approximately 70% – 75% of US gross domestic product (GDP) and the insights it provides into the current state of the labour market.

Although this week is a Fed blackout period, a few key speaking engagements are scheduled: Powell is set to speak on Monday at a memorial event, while Bowman will testify before the House Financial Services Committee on Thursday.

ISM services PMI

Date: Thursday, 4 December at 2.00am AEDT

October’s ISM services PMI delivered a strong upside surprise, rising to 52.4 from 50.0 in September and exceeding consensus expectations of 50.8, the strongest expansion since February 2025.

The only notable weak spot was employment, which remained in contraction at 48.2 (though slightly improved from September’s 47.2), with respondents continuing to express caution around headcount growth despite broader improvement.

Attention now turns to the November release. Consensus anticipates a modest increase to 52.7, but markets will be particularly focused on whether employment weakness persists. If it does, it will reinforce the roughly 86% probability currently priced in for a 25 basis point (bp) rate cut at the 10 December FOMC meeting.

ISM services PMI chart