Business News
SoftBank Group Corp. has successfully obtained a $11.87 billion loan to bolster its investment in the US artificial intelligence company OpenAI, according to sources, an increase from its previous target of $10 billion. The Japanese conglomerate finalised the two-year facility
Oracle announced on Saturday that its co-founder and executive chairman, Larry Ellison, has decided to cancel a plan to sell up to 50 million shares of the company, which would have been valued at approximately $7.5 billion based on Friday’s
Trump Welcomes Chinese EV Makers in the US
President Donald Trump indicated a potential openness to permitting a Chinese automotive manufacturer to produce electric vehicles in the United States, provided that the operation employs American labour. This stance comes alongside his commitment to uphold the existing US prohibition
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
