Tag: fast
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SoftBank’s attempt to get $6 billion OpenAI margin loan stalls, Bloomberg News reports
June 10 : SoftBank Group’s talks with potential creditors to raise at least $6 billion from a margin loan backed by its OpenAI stake have stalled, Bloomberg News reported on Wednesday, citing sources.The company is considering various fundraising options, the report said, adding that it could still move forwa
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Samsung Elec invests $175 million to become top shareholder in US genetics firm
June 9 : Privately held Element Biosciences said on Tuesday it had raised funds, including $175 million from longtime investor Samsung Electronics, to expand commercialisation of its genetic testing and research products.The San Diego-based company did not disclose the total size of the upsized Series E fund
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Japan wholesale inflation extends surge as energy shock hits
TOKYO, June 10 : Japan’s wholesale prices surged 6.3 per cent in the year to May, data showed on Wednesday, exceeding market expectations and highlighting mounting price pressures from the Middle East conflict.The rise in the producer price index (CGPI), which measures the price companies charge each other fo
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Brazil’s defence remains anyone’s guess after Wesley withdrawal
BASKING RIDGE, New Jersey, June 9 : Five-times champions Brazil play their opening World Cup game against Morocco on Saturday but there are few clues as to how Carlo Ancelotti will solve the defensive problems they face.Ironically for a team historically renowned for their attacking flair, Brazil’s defence
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Japan’s Asics considers spinning off Onitsuka Tiger
TOKYO, June 10 : Japan’s Asics Corp said on Wednesday that it was considering spinning off its Onitsuka Tiger business.The board will discuss the matter at a meeting scheduled for later in the day, the company stated in a statement.TV Tokyo broadcaster said on Tuesday that Asics will spin off its high-
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Oil rises nearly 1% as US launches new strikes against Iran, supply tightens
June 10 : Oil prices climbed about 1 per cent on Wednesday, moving away from a seven-week low touched in the previous session, after the U.S. military launched new strikes against Iran and as market data showed another large draw in U.S. crude stocks. The U.S. military’s strikes on Iranian targets followed a
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Dollar steadies following US strikes on Iran and ahead of inflation data
TOKYO, June 10 : The dollar held steady against major peers on Wednesday after the United States launched strikes against Iran, while investors awaited key U.S. inflation data for clues on the Federal Reserve’s policy path.The U.S. military on Tuesday launched strikes against Iran after President Donald Trump
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Somali soccer referee on his way back home after being denied entry into United States
June 9 : Somali soccer referee Omar Abdulkadir Artan, who was denied a chance to make his World Cup debut after being barred from entering the United States, thanked FIFA, CAF and the Somali people on Tuesday as he prepared to return home.Artan had been expected to become the first Somali to officiate at a…
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Super Micro Computer to raise $7 billion in equity offerings to meet AI server demand
June 9 : Super Micro Computer said on Tuesday it would raise $7 billion through a series of equity and equity-linked financing transactions to fund the purchase of components needed to meet the growing demand for its advanced AI servers.The company said it will use the proceeds to fulfill orders worth about $
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Prediction market Kalshi bets on compliance to address insider trading concerns
June 9 : Prediction market Kalshi said on Tuesday it will mandate employment disclosures for users trading on sensitive contracts and launch a whistleblower portal, steps aimed at aligning the platform with regulatory expectations for market integrity.The move by Kalshi marks a shift toward building instituti
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