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Nvidia-backed AI startup Sakana hits US$1.5 billion value as Japanese investors pile in
NVIDIA-BACKED Sakana AI was valued at US$1.5 billion a little over a year after its launch, boosted by investments from some of Japan’s biggest banks and companies, a source...
Bad loans pile up at Nubank, Latin America’s new No 1 bank
IN JUST a little over a decade, Nu Holdings has gone from an obscure fintech startup in Sao Paulo to the most valuable bank in all of Latin America....
Shunning home markets, South Korean retailers pile up on US stocks
SOUTH Korea’s mom-and-pop investors are defying last week’s global financial markets rout by pouring even more funds into US stocks, a years-long trend that analysts and investors bet will...
US cuts borrowing estimate, sees smaller year-end cash pile
THE US Treasury reduced its estimate for federal borrowing for the current quarter and projected the government’s cash buffer to decline towards year-end, just ahead of a possible fresh...
China investors pile into Saudi ETFs as two nations grow closer
CHINESE investors are pouring money into two new exchange-traded funds (ETFs) tracking Saudi Arabian shares as the dismal performance of local equities supercharges demand for overseas assets.The Saudi-focused ETFs...
China financial firms are unusually cash-rich as savers pile in
CASH is so abundant in China’s financial markets that even traditionally liquidity-starved firms are swimming with money.Non-bank institutions like asset managers are sailing through the last few days of...
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