Tag: Business
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Uber-backed Lime raises $167 million in US IPO
June 30 : Lime, backed by Uber, raised $167 million in its U.S. initial public offering, joining a growing list of companies tapping a revived market for new listings.The company, formerly known as Neutron Holdings, sold 6.68 million shares at $25 per share, the midpoint of its marketed range of $24 to $26 pe
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Exclusive-Kawasaki Heavy plans to raise $1.2 billion through new shares, CBs, sources say
TOKYO, July 1 : Japan’s Kawasaki Heavy Industries is finalising plans to raise about 200 billion yen ($1.23 billion) by issuing new shares and convertible bonds to fund capital expenditure, according to two sources familiar with the matter. The company will decide on the issuance as soon as this week, the so
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Share and bond markets turn cautious in Asia, yen on ropes
SYDNEY, July 1 : Asian share markets started the new quarter in a cautious mood on Wednesday as talks between the United States and Iran hit new hurdles, while investors were on alert for possible Japanese intervention as the yen plumbed fresh 40-year lows.Tehran said on Tuesday it would not meet with top
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US lifts export controls on Anthropic’s Fable, Mythos AI models
June 30 : Anthropic said on Tuesday that the U.S. Commerce Department has lifted export controls on its Claude Fable 5 and Mythos 5 AI models, less than three weeks after the company was ordered to suspend access to its most advanced AI models over national security risks.”We’ll begin restoring access tomorro
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Japan business mood improves despite Middle East war, BOJ survey shows
TOKYO, July 1 : Big Japanese manufacturers’ sentiment improved in the three months to June to levels unseen since 2018, a closely watched survey showed on Wednesday, a sign the economy was weathering the energy shock from the Middle East conflict for now.But companies expect business conditions to worsen thre
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Vimeo owner Bending Spoons prices IPO at above target range to raise $1.68 billion
June 30 – Bending Spoons, owner of the video platform Vimeo and the internet services company AOL, priced its U.S. initial public offering above its targeted range at $29 per share on Tuesday, raising $1.68 billion in a rare software IPO as the sector grapples with disruption from AI.The Italian software c
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Oil ticks higher as Iran’s refusal to meet US envoys dims ceasefire hopes
July 1 : Oil prices rose in early trade on Wednesday as investors responded to news that Iran will not be meeting with U.S. envoys, a further strain on the interim ceasefire agreed between the two in the four-month-long war.Brent futures rose 50 cents or 0.69 per cent to $73.45 a barrel at 1208 GMT,…
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South Korea factory activity grows at slower pace as export demand weakens, PMI shows
SEOUL, July 1 : South Korea’s factory activity expanded in June for the seventh consecutive month, though at a slower pace than the previous month on falling export demand, a survey showed on Wednesday. • The purchasing managers index (PMI), published by S&P Global, stood at 52.1 in June, down from May’s 54
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Japan manufacturing extends growth, caps best quarter since Q1 2014, PMI shows
TOKYO, July 1 : Japan’s manufacturing sector expanded in June, sealing its best quarterly performance since early 2014, as new orders grew at their fastest pace in more than two years, a business survey showed on Wednesday.Here are some key details.• The S&P Global Japan Manufacturing Purchasing Managers’ I
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TikTok to settle with teen plaintiff before California social media trial, law firm says
June 30 : TikTok has agreed to settle a lawsuit brought by a teenager who claimed the platform damaged his mental health, a spokesperson for the plaintiff’s law firm said Tuesday.The settlement was reached in principle, but the details have not yet been finalized, according to a spokesperson for Morgan & Morg
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