Crude oil prices rose on Thursday after the United States launched a new round of military strikes against Iran, escalating concerns about the stability of the Strait of Hormuz, a critical global oil transit route.
Demand for the South Korean chipmaker SK Hynix's U.S. share sale has reportedly exceeded the number of available shares by more than seven times. The company is aiming to raise approximately $28 billion in the offering.
Australian insurance broker Steadfast has granted a four-week extension to a U.S. consortium after it reaffirmed its takeover proposal valuing the company at A$7.7 billion ($5.34 billion). The consortium includes Amwins Group and Dragoneer Investment.
Private equity firm Bain Capital has fully divested from Japanese memory chip manufacturer Kioxia, a company it helped take public after an $18 billion acquisition in 2018. The sale follows a period of significant growth for Kioxia, fueled by demand for AI technologies.
Oil prices increased by more than a dollar per barrel in post-settlement trading Wednesday after the United States military began a new round of strikes against Iran, heightening concerns over supply stability.
S&P Global Ratings has lowered its credit rating for Cosan S.A. to 'B+' from 'BB-', citing a weakened business profile following the debt restructuring of its affiliate, Raízen. The agency maintained a negative outlook, reflecting uncertainty over the company's divestment strategy.
The automation firm has increased its earnings per share forecast for the second half and full year of 2026 after completing a one-for-two reverse stock split. The adjustment follows the recent spinoff of its aerospace division.
Paramount has postponed the finalization of its $110 billion acquisition of Warner Bros. until at least July 22. The delay is connected to an ongoing investigation by the Oregon attorney general's office.
The U.S. National Highway Traffic Safety Administration has identified a "clear pattern" of autonomous vehicles interfering with first responders and has directed companies to promptly address the safety issues.
