Business News
On Tuesday, Amazon engaged banks for its inaugural sterling bond issuance, as indicated by a memo. This move comes as hyperscalers are eager to secure funding in various currencies to support the burgeoning AI sector. The tech giant is seeking
Samsung Electronics Co.’s anticipated equity buyback is elevating investor expectations that the Korean giant will acquire non-voting preferred shares, thereby reducing a significant discount and establishing a benchmark for others. Over 100 South Korean firms, such as Hyundai Motor Co.
Nike will not be a part of the S&P 100 from September 21. A sharp decline in its market value has resulted in the sportswear giant’s exclusion from an index that monitors the 100 largest companies in the S&P 500.
Broadcom on Wednesday projected robust sales of AI chips for the upcoming two years, providing new evidence that the demand for AI infrastructure among major technology firms remains strong, even as investors closely examine the returns on substantial expenditures. Shares
Shares in fast-fashion online retail giant Shein experienced a decline of approximately 10 percent following its debut on Hong Kong’s stock market on Tuesday, marking a significant moment after an extended postponement of the company’s intentions to publicly list its
BYD Co.’s overseas revenue surpassed its domestic earnings for the first time, marking the conclusion of one of the company’s prolonged profit downturns and highlighting the necessity for Chinese carmakers to explore opportunities beyond the world’s largest auto market. First-half
The US Federal Trade Commission is examining the potential violation of consumer protection laws by Alphabet Inc.’s YouTube in relation to the suspension of user accounts, as reported by sources. The antitrust and consumer protection agency has been investigating YouTube
Meta Platforms Inc. intends to allocate as much as $18 billion to settle a comprehensive array of legal claims associated with teenage users across its social media platforms, addressing concerns raised by nearly every US state. However, there are conditions
Hyundai Motor Co. Chief Executive Officer José Muñoz has announced an unprecedented product initiative, detailing over 100 model launches and updates aimed at competing with Toyota Motor Corp. in the burgeoning US hybrid market while also countering the threat posed
President Donald Trump is advancing plans to impose a new tariff on China, aimed at penalising the world’s second-largest economy for inundating the global market with undervalued goods, as reported. Two individuals indicated that Trump is contemplating establishing the new
