Daily Newsroom
Follow market-moving stories, policy signals, and company developments curated by the editorial desk.
Lead story
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.
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.
A recent exchange of military strikes between the United States and Iran has threatened a recent truce, with President Donald Trump declaring an interim agreement "over." The escalation casts doubt on efforts to end the conflict and has led to a spike in global oil prices.
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.
The National Coffee Association has asked the Trump administration to keep green coffee beans from Brazil exempt from tariffs and to add instant coffee to the tariff-free list. The request was made during a public consultation reviewing potential tariffs on Brazilian imports.
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.
Columbus Circle Capital Corp III, a blank check company, has priced its initial public offering of 20 million units at $10.00 each, raising $200 million. The units are set to begin trading on the Nasdaq Global Market on July 9, 2026.
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.
Russia's Foreign Ministry has criticized decisions made at a recent NATO summit, including significant military aid for Ukraine and a renewed commitment to collective defense, warning of potentially "catastrophic consequences."
