Tag: Business
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Indonesia raises rates in surprise move to support sinking rupiah
JAKARTA, June 9 : Indonesia’s central bank raised interest rates by 25 basis points on Tuesday in an unexpected off-cycle rate hike, taking the benchmark rate to 5.50 per cent as it moves to stabilise the rupiah.Bank Indonesia (BI) said in a statement posted on its website that the off-cycle rate hike was ne
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Singapore Airlines, Southwest Airlines partner to expand access to nearly 120 US destinations
Passengers can now book journeys between Singapore and the United States on one ticket with onward access to Southwest Airlines’ network.
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GSK in talks to acquire Nuvalent for more than $9 billion in biggest deal in over a decade: FT
The deal comes at a time of biotech dealmaking frenzy, driven by looming patent cliffs, newly buoyant public markets and drugmakers’ race to bolster pipelines.
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Perplexity plans 2028 IPO regardless of Anthropic or OpenAI listings, CNBC reports
June 8 : AI firm Perplexity is planning to go public in 2028 regardless of how the market receives the listings of Anthropic and OpenAI, CNBC reported on Monday, citing an interview with CEO Aravind Srinivas.• “Agnostic of these two companies, we were planning for something in 2028, so that still remains t
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JGB yields rise as investors focus on 30-year auction, BOJ meeting
TOKYO, June 9 : Japanese government bond (JGB) yields rose on Tuesday as investors extended a recent selloff across most tenors ahead of an expected rate hike by the central bank.Here are a few details: • The benchmark 10-year JGB yield climbed 2.5 basis points (bps) to 2.740 per cent, putting it on
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Databricks in talks to raise funds at over $165 billion, The Information reports
June 8 : Data analytics software firm Databricks has discussed raising funds in a round that could begin next month and value it at between $165 billion and $175 billion, The Information reported on Monday, citing sources.Here are a few details: • Databricks, one of the most valuable privately held c
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Oil rises slightly as investors await clarity after Iran-Israel halt attacks
June 9 : Oil prices inched up in early trade on Tuesday after Iran and Israel left the door open to a possible resumption of attacks on each other, though they had called a halt to hostilities following an appeal from U.S. President Donald Trump.Brent crude futures rose 13 cents, or 0.14 per cent, to…
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Ahead of SpaceX IPO, Musk says AI satellites will use mostly existing technology
June 8 : SpaceX CEO Elon Musk said on Monday that building orbital AI data centers is not a difficult engineering challenge as the company prepares for its blockbuster IPO this week.The billionaire said that much of the required technology already exists in its current Starlink satellite network.”Part
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Perplexity planning IPO in 2028 regardless of what happens to Anthropic or OpenAI, CEO tells CNBC
June 8 : AI firm Perplexity is planning to go public in 2028 regardless of how the market receives the listings of Anthropic and OpenAI, CNBC reported on Monday, citing an interview with CEO Aravind Srinivas.”Agnostic of these two companies, we were planning for something in 2028, so that still remains the c
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South Korea Q1 GDP grows 1.8% q/q, stronger than advance estimate
SEOUL, June 9 : South Korea’s economy grew in the first quarter at a stronger pace than previously estimated in April, revised central bank data showed on Tuesday. Gross domestic product grew 1.8 per cent in the January-March quarter from the preceding three months, faster than the 1.7 per cent increase estim
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