India IPO Pipeline Hits Record as Big Guns Line UpNew!!
Bankers expect IPO activity to accelerate in the coming months.
Perpetual Rejects $1.7 Billion Takeover Bid From PE Firm EQTNew!!
Perpetual Ltd. has rejected a takeover offer from a company indirectly controlled by Swedish private equity firm EQT AB, the latest in a string of refusals to various suitors by the Australian asset manager.
Global Appetite for Korea Grows Ahead of 24-Hour Won TradingNew!!
Global investors’ interest in South Korea’s economy and capital markets has “clearly changed” for the better in recent years, the country’s top finance ministry official said, as the won prepares to shift to round-the-clock trading on July 6.
Chip Selloff Extends to South Korea, Oil Declines: Markets WrapNew!!
A selloff in semiconductor stocks spread to South Korea, reviving concerns that the blistering rally in artificial intelligence shares this year may have gone too far, too fast. Brent fell to the lowest since before the start of the Middle East war.
Data Center Firm Switch Seeks $2 Billion in Funding RoundNew!!
Switch Inc. is kicking off a private funding round led by Andreessen Horowitz that could raise about $2 billion, according to people familiar with the matter.
Traders Plot Worst-Case Scenario for Yen If Crisis HitsNew!!
The yen sliding to a once-unthinkable 200 per dollar level is now a medium-term risk — albeit an extreme one — for some investors.
Gold Extends Gain After Warsh Remarks Ease Rate-Hike ProspectsNew!!
Gold extended a rebound after a speech by US Federal Reserve Chairman Kevin Warsh dampened speculation the central bank may hike interest rates this year to tackle inflation.
Mirae Says a Lead Underwriter Confirmed Its SpaceX IPO OrdersNew!!
Mirae Asset Securities Co. said it carried out all its work related to SpaceX’s initial public offering in coordination with the lead underwriters on the deal, disputing a Bloomberg News report published June 30.
Takaichi to Boost India Ties as China Tensions RiseNew!!
Japanese Prime Minister Sanae Takaichi arrived in India for a three-day trip to deepen economic ties and strengthen security cooperation with counterpart Narendra Modi. Bloomberg's Yoshiaki Nohara breaks down the context. (Source: Bloomberg)
Korean Stocks Fall as Jitters Over Meta and Apple Hit ChipmakersNew!!
South Korean stocks slumped as Meta Platforms Inc.’s plan to sell computing power raised questions over excess in AI capacity, driving a selloff in chipmakers.