BEIJING (Reuters) - Chinese tech giant Tencent on Thursday released a new AI model that it claims can answer queries faster than global hit DeepSeek-R1, in the latest sign the startup's domestic and overseas success is putting pressure on its larger competitors in China. The Hunyuan Turbo S is able to reply to queries within a second, distinguishing itself from...

(Reuters) - Canadian Imperial Bank of Commerce ( CM ) reported a rise in first-quarter profit on Thursday, helped by strength in its capital markets unit. The Canadian central bank's move to lower interest rates, along with strong economic data, has helped equity markets soar and boosted investors' appetite to strike more deals. CIBC's Capital Markets unit reported a net...

* Aviva's acquisition of Direct Line on track * General insurance premiums rise, driven by UK & Ireland * Remains committed to net zero by 2040 * Canada earnings hit by natural disasters * Impact from U.S. tariffs on Canada manageable - CEO (Adds analyst comment in paragraph 3, quotes from media call in paragraphs 8 and 10, background in...

Feb 27 (Reuters) - Canadian Imperial Bank of Commerce ( CM ) reported a rise in first-quarter profit on Thursday, helped by strength in its capital markets unit. The bank's adjusted net income rose to C$2.18 billion ($1.52 billion), or C$2.20 per share, in the three months ended January 31, from C$1.77 billion, or C$1.81 per share, a year earlier....