Key PointsElon Musk's artificial intelligence (AI) and space economy powerhouse cemented its name in Wall Street's record books on June 12 with an $85.7 billion initial public offering (IPO) capital raise.
Key PointsElon Musk's artificial intelligence (AI) and space economy powerhouse cemented its name in Wall Street's record books on June 12 with an $85.7 billion initial public offering (IPO) capital raise.
Reuters reported on Thursday that Meta plans to begin manufacturing its AI chip starting in September, lifting ancillary firms' shares, but the rally fizzled.
Reuters reported on Thursday that Meta plans to begin manufacturing its AI chip starting in September, lifting ancillary firms' shares, but the rally fizzled.
Taiwanese memory chipmaker Nanya Technology said on Friday it plans capital spending of more than T$200 billion ($6.2 billion) next year, roughly four times this year's figure, amid soaring demand for memory chips as it rides an AI boom. President Pei-Ing Lee told an online press briefing that the preliminary expenditure plan aims to help ramp up spending on a new plant, although the budget has...
Taiwanese memory chipmaker Nanya Technology said on Friday it plans capital spending of more than T$200 billion ($6.2 billion) next year, roughly four times this year's figure, amid soaring demand for memory chips as it rides an AI boom. President Pei-Ing Lee told an online press briefing that the preliminary expenditure plan aims to help ramp up spending on a new plant, although the budget has yet to receive board approval. Lee was speaking after Nanya reported unaudited second-quarter revenue of T$82.55 billion, up 684% from a year earlier.
A group including JD.com Inc. ’s asset management arm and Switzerland’s Partners Group Holding AG is preparing to file confidentially for an initial public offering of a real estate investment trust in Singapore, people with knowledge of the matter said. The REIT, which will also have Southeast Asian assets of Hillhouse -backed EZA Hill Property Management Pte , could raise about S$1 billion ($775...
A group including JD.com Inc. ’s asset management arm and Switzerland’s Partners Group Holding AG is preparing to file confidentially for an initial public offering of a real estate investment trust in Singapore, people with knowledge of the matter said. The REIT, which will also have Southeast Asian assets of Hillhouse -backed EZA Hill Property Management Pte , could raise about S$1 billion ($775 million) in an IPO, Bloomberg News reported in March. Bank of America Corp. , DBS Group Holdings Ltd. and UBS Group AG are working on the deal. A draft registration is likely to soon be submitted to the Monetary Authority of Singapore and local stock exchange, according to the people, who asked not to be identified because the information isn’t public. Considerations are ongoing and timings might change, they said. A representative for Partners Group declined to comment. EZA and the JD unit — JD Property — didn’t respond to emailed requests for comment. A listing of that size would be a boost for Singapore, where $1.1 billion has been raised in IPOs this year. Blackstone Inc.-backed AirTrunk is also aiming for a REIT IPO to fetch about $1.5 billion, Bloomberg has reported .
Updates from the historic one-off women’s Test at Lord’s Hosts have redemption in mind | The Spin | Email Tanya Good morning! It’s been a long road, with many screes, many dead ends, but we made it. A first woman’s Test at Lord’s: 50 years after the first women’s game at Lord’s, 92 years after the first women’s Test. Both teams are out on the hallowed turf, while in the watching Long Room portrait...
Updates from the historic one-off women’s Test at Lord’s Hosts have redemption in mind | The Spin | Email Tanya Good morning! It’s been a long road, with many screes, many dead ends, but we made it. A first woman’s Test at Lord’s: 50 years after the first women’s game at Lord’s, 92 years after the first women’s Test. Both teams are out on the hallowed turf, while in the watching Long Room portraits of female cricketers of the past have been unveiled: Belinda Clark, Mary Duggan, Enid Bakewell, Jan Brittin, Myrtle MacLagan, and the World Cup0winning team of 1993. Continue reading...
After years of touting ambitious climate goals, big tech companies are now facing new scrutiny over what they disclose about AI's environmental footprint.
After years of touting ambitious climate goals, big tech companies are now facing new scrutiny over what they disclose about AI's environmental footprint.
Global oil demand is on track to decline for the first time since 2020 after the Iran war disrupted production and exports across the Middle East, the International Energy Agency (IEA) said on Friday, though the agency expects consumption to recover from its May low and return to growth by the end of the year as supplies improve and pent-up demand is released. World oil demand is set to decline by...
Global oil demand is on track to decline for the first time since 2020 after the Iran war disrupted production and exports across the Middle East, the International Energy Agency (IEA) said on Friday, though the agency expects consumption to recover from its May low and return to growth by the end of the year as supplies improve and pent-up demand is released. World oil demand is set to decline by 1 million b/d year-on-year in 2026, which would mark its first annual decrease since the height of the COVID-19 pandemic in 2020, the IEA said. "While the global oil market balance looks set to swing back to surplus towards the end of the year, the forecast hinges on the assumption that tanker flows through the Strait will gradually recover, allowing producers to restart fields and refiners in the Middle East and elsewhere to resume product shipments," the IEA wrote. Renewed exchanges of fire in the Gulf this week highlight the risks of not reaching a lasting peace agreement, which is a must for the normalisation in oil markets, the agency said in its latest oil market report. A number of ships came under attack and traffic through the Strait has once again slowed to a trickle. Global oil supply rebounded by a sharp 4.1 mb/d to 98.8 mb/d in June, as a resumption of flows through the Strait of Hormuz underpinned a partial recovery in Gulf production. World output was nevertheless some 9.4 mb/d below pre-war levels, with supply on track to decline by an average of 3.7 mb/d to 102.6 mb/d in 2026, contingent on a swift de-escalation of renewed hostilities. If transit volumes improve, oil supply is seen expanding by 7.5 mb/d next year. Crude prices turned higher after the ceasefire agreement was breached on July 7–8, clouding the outlook and potentially upending forecasts that see the market flipping to a surplus next year, the IEA concluded. Oil ETFs: ( USO ), ( UCO ), ( DBO ), ( OILK ), and ( USL ). Oil futures: ( CL1:COM ), ( CO1:COM ) More on the energy market, etc. Greg Sh...
In this episode of Bloomberg Tech: Europe, Bloomberg’s Tom Mackenzie launches into Europe's efforts to develop its burgeoning space economy. SpaceX has shown the might of American space technology - and financial muscle - with its record-breaking IPO. Bloomberg Tech: Europe looks at where Europe is lacking in the space race, and how it can secure space autonomy. "Bloomberg Tech: Europe" spotlights...
In this episode of Bloomberg Tech: Europe, Bloomberg’s Tom Mackenzie launches into Europe's efforts to develop its burgeoning space economy. SpaceX has shown the might of American space technology - and financial muscle - with its record-breaking IPO. Bloomberg Tech: Europe looks at where Europe is lacking in the space race, and how it can secure space autonomy. "Bloomberg Tech: Europe" spotlights the biggest names and trends shaping the region's technology ecosystem as the global competition heats up. This monthly, 30-minute magazine-style show features in-depth interviews with top technology leaders, as well as major investors and policymakers - giving you a compelling A to Z of the most consequential innovations, opportunities and challenges. (Source: Bloomberg)