Bank Indonesia’s surprise rate hike rattled markets as the rupiah slid further, underscoring investor unease, Bloomberg's Marcus Wong reports. (Source: Bloomberg)
Bank Indonesia’s surprise rate hike rattled markets as the rupiah slid further, underscoring investor unease, Bloomberg's Marcus Wong reports. (Source: Bloomberg)
Most of the recent conversation around Apple (NASDAQ: AAPL) has centered on artificial intelligence (AI) . At its annual developers conference this week, the tech giant walked through a long-awaited overhaul of its Siri voice assistant and its broader Apple Intelligence AI features -- and investors weren't especially impressed. After touching an all-time high of about $317 earlier this month, shar...
Most of the recent conversation around Apple (NASDAQ: AAPL) has centered on artificial intelligence (AI) . At its annual developers conference this week, the tech giant walked through a long-awaited overhaul of its Siri voice assistant and its broader Apple Intelligence AI features -- and investors weren't especially impressed. After touching an all-time high of about $317 earlier this month, shares have eased back to around $291 as of this writing. But for a company worth about $4.3 trillion, where the iPhone still brings in about half of all revenue, the more important near-term question may have little to do with AI. It could come down to hardware -- and specifically, whether Apple can keep its current upgrade wave going while adding something genuinely new to the lineup. There's reason to think it can. Continue reading
The Ebola outbreak in the Democratic Republic of Congo and Uganda is raising an uncomfortable question for Asian governments: could the virus travel through the region’s airports before health systems detect it? While experts say the risk of a major outbreak in Asia remains low, the latest flare-up has renewed scrutiny of whether hospitals, contact tracers and border surveillance systems remain re...
The Ebola outbreak in the Democratic Republic of Congo and Uganda is raising an uncomfortable question for Asian governments: could the virus travel through the region’s airports before health systems detect it? While experts say the risk of a major outbreak in Asia remains low, the latest flare-up has renewed scrutiny of whether hospitals, contact tracers and border surveillance systems remain ready after years of post-Covid fatigue and strained global health funding. Khoo Yoong Khean, deputy...
Bizlink Holding Inc. is nearing a deal to buy the information and communications technology unit of Blackstone Inc. ’s Interplex, according to people familiar with the matter. The Taiwanese company and Blackstone are hammering out details of a transaction that could be announced as soon as Wednesday, the people said, asking not to be identified because the deliberations are private. Bizlink is a p...
Bizlink Holding Inc. is nearing a deal to buy the information and communications technology unit of Blackstone Inc. ’s Interplex, according to people familiar with the matter. The Taiwanese company and Blackstone are hammering out details of a transaction that could be announced as soon as Wednesday, the people said, asking not to be identified because the deliberations are private. Bizlink is a partner of Nvidia Corp. A transaction for the business known as ICT might be valued at about $850 million, with an additional $50 million earnout, the people said. Representatives for Bizlink and Blackstone declined to comment. Bizlink halted trading pending a major announcement, according to a late Tuesday stock exchange filing. Bizlink makes a wide range of products from drone interconnects to automotive power distribution, ultrasound and magnetic resonance imaging systems, according to its website . The company has grown both organically and via acquisitions. Its shares have climbed 42% this year, giving it a market value of $13.3 billion. Bizlink had been considering buying ICT and had put in an offer to buy the business, people familiar with the matter said in April. Earlier this year, Bloomberg News reported Blackstone was considering selling ICT amid interest in the unit. Blackstone acquired Singapore-based Interplex for an undisclosed sum in 2022 from Baring Private Equity Asia . Interplex makes components used in electric vehicles, autonomous driving, medical and life sciences and cloud computing, while ICT focuses on areas such as networking enclosures, servers, disk drives, wearables and mobile devices.