Tag: Business
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A Chinese start-up’s unfolding dilemma exposes cracks in Beijing’s tech funding machine
While the U.S. channels support to tech winners indirectly via incentives, Chinese governments at every level take direct equity stakes.
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Woodside exercises pre-emptive right to buy PetroChina’s stake in Browse JV
June 12 : Woodside Energy said on Friday it had exercised its pre-emptive right to acquire PetroChina’s 10.67 per cent stake in the Browse gas fields off the coast of Western Australia, blocking a deal agreed with Japan’s Inpex.Under the terms of the transaction, Woodside will pay $225 million to PetroChina,
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Bank of Japan set to hike rates to 31-year high, drop hawkish signals
TOKYO, June 12 : The Bank of Japan is set to raise interest rates to a 31-year high next week and signal its readiness to keep pushing up borrowing costs, undeterred by the absence of its governor as it focuses on countering inflation risks from the Middle East war.The decision would align the BOJ with…
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Stocks extend rally on Gulf breakthrough hopes, oil hits two-month lows
SYDNEY, June 12 : Asian stocks joined a global rally on Friday on hopes a Middle East peace deal may finally materialise, while the dollar and bond yields dropped and oil prices fell to two-month lows, tempering inflation fears. All eyes are on the hotly-awaited market debut of Elon Musk’s SpaceX, which has m
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Musk’s SpaceX prices record US$75 billion IPO at US$135 a share
The IPO values the space, satellite and AI provider at US$1.77 trillion, a record for an initial offering.
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SpaceX raising $75 billion in record-setting IPO as Nasdaq debut awaits
SpaceX is selling 555.6 shares at $135 a piece, raising $75 billion in the largest IPO on record.
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Honeywell CEO says AI will ‘redefine automation’ as labor shortages mount
Honeywell CEO Vimal Kapur said AI is poised to “redefine automation” by helping companies turn operational data into actionable insights.
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Adobe CFO exit fans strategy worries despite outlook raise
June 11 : Adobe on Thursday announced the exit of CFO Dan Durn, adding to concerns about the Photoshop maker’s strategy to navigate the crowded design industry, though the company raised its annual revenue and profit forecasts.Durn’s exit comes only three months after long-time CEO Shantanu Narayen decided to
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Musk’s SpaceX raises $75 billion in largest IPO ever
June 11 : Elon Musk’s SpaceX raised the $75 billion it targeted in a hotly awaited IPO on Thursday, selling shares at a fixed price of $135 that valued the space, satellite and AI company at $1.77 trillion.The largest ever IPO cements SpaceX’s status as one of the world’s most valuable companies. Its shares w
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Cramer’s lightning round: Buy Microchip Technology
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed.
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