Investor demand for SK Hynix's planned sale of American Depositary Receipts has exceeded the shares on offer by more than sevenfold, according to a Reuters report, highlighting robust appetite for the AI memory chip supplier.
A Goldman Sachs Asset Management executive said Japan is in the 'early innings' of a surge in private equity and buyout activity, citing the country's high number of listed companies as ripe for consolidation.
Shares of the Chinese copper producer initially surged over 5% after forecasting a potential doubling of first-half profit, but later reversed course to trade lower amid a drop in copper prices and broader market weakness.
The Austrian food and industrial goods producer reported a fiscal Q1 EBIT of €19.30 million, a 521% year-over-year increase driven by efficiency programs and improved margins, despite a 2.8% decline in revenue.
Paramount will not close its $110 billion acquisition of Warner Bros. before July 22, extending the timeline as the Oregon attorney general's office seeks more time and records to review the deal. The new date also aligns with a deadline set by European regulators.
Indonesian state energy firm Pertamina and U.S. planemaker Boeing have signed a memorandum of understanding to explore the development of a sustainable aviation fuel (SAF) industry in the country.
Chinese artificial intelligence company Zhipu AI has secured approximately $4 billion (HK$31.37 billion) through a discounted share sale in Hong Kong. The new capital is intended to fund further research and development in the competitive AI sector.
A group of U.S. states may file a lawsuit as soon as next week to block the proposed $110 billion merger of Paramount and Warner Bros. Discovery, according to sources familiar with the matter. The potential legal challenge is based on concerns that the deal could harm competition in the media industry.
OpenAI has published a set of principles outlining its approach to partnerships with government and military entities. The guidelines detail specific restrictions on the use of its AI technology, including prohibitions on mass surveillance and autonomous weapons systems.
