Raises
Wilmar raises its stake in Pakistan edible oils maker to 42.17%
The group’s subsidiary and a related company buy around US$15.4 million worth of shares in Unity FoodsWILMAR International has upped its effective stake in Unity Foods, a Pakistan-listed edible...
SoftBank raises US$1.86 billion overseas as it boosts AI bets
SOFTBANK Group raised about US$1.86 billion via US dollar and euro bond sales in its first foreign currency debt deal since 2021, as the Japanese tech firm moves to...
Australia’s faster inflation raises risk of RBA rate hike
AUSTRALIA’S inflation accelerated faster than expected in May, sending the currency higher as traders boosted bets the Reserve Bank of Australia (RBA) will resume raising interest rates at its...
Cash-strapped Stability AI raises US$80 million with new CEO and board
STABILITY AI said on Tuesday (Jun 25) it has raised funds and appointed industry veteran Prem Akkaraju as its top boss, months after the exit of founder and CEO...
Lufthansa raises ticket prices to meet environmental requirements
Lufthansa will not be able to bear additional costs resulting from regulatory requirements in the next few yearsLufthansa will increase ticket prices on all flights departing from EU countries,...
Australia regulator raises concerns over Olam’s A$145 million bid for Namoi Cotton
AUSTRALIA’S competition regulator said on Thursday (Jun 20) the proposed acquisition of Namoi Cotton by Singapore’s Olam Agri for A$145 million (S$131 million) raised competition concerns in the supply...
Taken Off Guard? US Raises Alarm Over Putin’s North Korea Visit
The U.S. government has expressed significant concern over Russian President Vladimir Putin's recent visit to North Korea. Pentagon spokesperson Pat Ryder emphasized the implications of the deepening ties between...
Goldman Sachs raises S&P 500 year-end target to 5,600
GOLDMAN Sachs has raised its 2024 year-end target for the S&P 500 Index to 5,600 from 5,200 earlier, citing strong earnings growth by five mega-cap US tech stocks and...
