Tag: billion
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Apple supplier Luxshare leads lukewarm IPOs in Hong Kong as investors get picky
HONG KONG, July 9 : Shares of Luxshare Precision Industry led losses among IPO debutants in Hong Kong on Thursday after raising HK$24.27 billion ($3.10 billion) in the city’s biggest listing this year, as investors became more selective amid a fundraising rush and rising volatility. The stock dropped as much
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Uniqlo operator Fast Retailing says Q3 profit jumped 45.7%, raises forecast
TOKYO, July 9 : The Japanese owner of clothing brand Uniqlo said on Thursday that quarterly profit rose 45.7 per cent, as it weathered the impact on supply chains and logistics from the Iran war on its way to an expected fifth straight year of record earnings.Fast Retailing said its operating profit was 213.7
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Apple to spend $30 billion on Broadcom chips as it boosts US sourcing
SAN FRANCISCO, July 8 : Apple plans to spend more than $30 billion under a multi-year chip supply deal with Broadcom, bolstering its U.S. sourcing as President Donald Trump’s administration pushes to expand domestic chip manufacturing.Broadcom shares rose more than 4 per cent, while Apple shares were down mar
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Bezos’ Blue Origin seeks first outside funding at $130 billion valuation, NYT DealBook reports
July 8 : Jeff Bezos’ Blue Origin is looking to tap outside investors for the first time, aiming to raise $10 billion in a funding round that would value the rocket maker at $130 billion before the investment, according to an NYT DealBook report on Wednesday.Coatue Management, a big asset manager, is expected
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AI chip startup SambaNova valued at $11 billion in $1 billion funding round
July 8 : AI chip startup SambaNova said on Wednesday it has raised $1 billion in a late-stage funding round led by General Atlantic at an $11 billion post-money valuation.The company makes custom chips, hardware systems and cloud services tailored for inference – the process by which models respond to user q
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Amazon aims to raise $25 billion from bond sale
July 7 : Amazon.com said on Tuesday it is looking to raise $25 billion through a U.S. dollar bond sale, in the company’s latest push to fund its hefty AI investments.Tech companies have been tapping debt markets and launching equity sales to fund their costly AI infrastructure build-out. Big Tech, including A
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European football revenue breaks €40 billion but growth is slowing, says Deloitte
July 8 : European football surpassed €40 billion ($46 billion) in revenue for the first time in the 2024-25 season, but growth is showing signs of stalling, Deloitte said in its annual review of football finance.Football across the continent generated €40.2 billion in the season that ended in mid-2025, up
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Amazon aims to raise $25 billion from bond sale, source says
July 7 : Amazon.com is looking to raise at least $25 billion through a U.S. dollar bond sale, a source familiar with the matter told Reuters on Tuesday, in the company’s latest push to fund its hefty AI investments. Tech companies have been tapping debt markets and launching equity sales to fund their costly
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US power use to beat record highs in 2026 and 2027 as AI use surges, EIA says
NEW YORK, July 7 : U.S. power consumption, which hit its second straight annual record high in 2025, will rise further in 2026 and 2027, driven by AI-hungry data centers and electrification, the Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday.The EIA projected p
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Amazon aims to raise $25 billion from bond sale, Bloomberg News reports
July 7 : Amazon.com is looking to raise at least $25 billion through a U.S. dollar bond sale, Bloomberg News reported on Tuesday, in the company’s latest push to fund its hefty AI investments. The size of the offering could increase depending on investor demand, the report said, citing people familiar with th
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