Culture
Banks get US$2.6 trillion from deregulation, Jefferies says
[NEW YORK] Looser regulation for US banks is expected to unlock some US$2.6 trillion in lending capacity for large financial institutions, according to Jefferies analysts, cementing the richer valuation...
Ubisoft finalises Tencent accord as it resumes trading
[PARIS] After a week away from the markets’ glare when the postponement of its results triggered speculation in the gaming world, French video game firm Ubisoft resumed trading Friday...
Thai central bank sees room for rate cut, wants a weaker baht
THAILAND’S newly-appointed central bank governor says the baht should be weaker to reflect economic fundamentals, and there is room to ease monetary policy further.The baht’s strength is a result...
Oracle slump sends Ellison sliding down ranks of world’s richest
[NEW YORK] A frenzied, artificial intelligence (AI)-fuelled rally in Oracle stock briefly made Larry Ellison the world’s richest person in September. But a prolonged slump since then has seen...
Canva’s Obrecht says firm eyeing IPO in ‘next couple of years’
[SYDNEY] Canva, Australia’s most high profile startup, has had a surge in users of its new product suite as it builds toward listing as a public company, one of...
Trump team internally floats idea of selling Nvidia H200 chips to China
[HONG KONG] US officials are having early discussions on whether to let Nvidia sell its H200 artificial intelligence (AI) chips to China, according to people familiar with the matter,...
BofA Tower gets Chicago’s biggest mortgage bond deal since Covid
[NEW YORK] A mortgage loan for Chicago’s Bank of America (BOA) Tower is being refinanced with US$700 million in bonds, a rare bright spot for the city’s beaten-down real...
TPG, Warburg weigh US$500 million stake in India-rooted Sirion
[MUMBAI] TPG Capital and Warburg Pincus are in early talks to buy a stake in Sirion Labs, a Partners Group Holding-backed software business managing and automating contracts, according to...
Judge in Google ad tech case seeks quick fix for web giant’s monopolies
[ALEXANDRIA] The US judge considering whether to order a breakup of Google’s advertising technology business asked the Department of Justice (DOJ) on Friday (Nov 21) how quickly such a...
Exxon freezes plans for major hydrogen plant amid weak customer demand
[HOUSTON] Exxon Mobil has paused plans to build what would be one of the world’s largest hydrogen production facilities due to weak customer demand, CEO Darren Woods told Reuters...
