Australia's Firmus to allocate half of up to $5.5 billion IPO to existing investors, sources sayFirmus, the Australian data centre operator, is gearing up for a noteworthy initial public offering worth $5.5 billion. In a strategic move...
At 27, Howard Lutnick helped make $300 million; decades later, he reports $250 million in income as Trump’s Commerce chiefUS Commerce Secretary Howard Lutnick reported at least $250 million in income and other proceeds in 2025, his first year in government. Dec...
US Market: AI credit surge tests lenders as future revenues remain uncertainAI-related borrowing has surged substantially in low-rated U.S. firms this year, prompting investor scrutiny of financial assumptions. Lend...
AI borrowers face tough sell in risky corners of US credit marketAI-related issuance by low-rated firms has totaled $88 billion this year, according to Goldman Sachs, with most of the borrowing coming fro...
Trump-Xi dinner: Elon Musk, Jeff Bezos, Sam Altman, Huang, Nadella among star-studded guest listBillionaires and leaders from the technology sector gathered at the White House for a state dinner. This event hosted Chinese President Xi ...
Xi Jinping unlikely to bring CEOs to summit where Trump seeks dealsUS President Donald Trump is preparing to host China's President Xi Jinping for an upcoming summit in Washington. The Chinese leader is not...
US Market: Fed's Kashkari says US inflation still too high despite rate hikeMinneapolis Fed President Neel Kashkari said US inflation remains too high and is broad-based, extending beyond recent energy price increas...
Global Market: China, Hong Kong stocks rise as investors await Trump-Xi meetingChina and Hong Kong stocks rose on Monday led by technology, healthcare, and property shares. Investors parsed high-level talks between US ...
US Market: Fed rate path, oil prices and AI concerns to shape Wall Street this weekUS investors are set to focus on Federal Reserve rate signals, Middle East tensions, oil prices and Treasury yields this week. Attention wi...
US Fed, BoE step up scrutiny of bank exposure to trading firms after Jane Street loss: ReportGlobal banks face inquiries from central banks regarding trading firm exposures. The Bank of England and Federal Reserve seek details on ri...
US economy enters higher-rate era as inflation, AI boom persistThe US economy may be entering a prolonged period of higher interest rates as persistent inflation, government borrowing and massive AI inf...
Jane Street bets big on leveraged ETF swapsJane Street Group has entered the leveraged ETF swap market this year. They provided about $1.2 billion in swaps during the second quarter....
Data center firm Firmus said to seek $5 billion in Australia IPOThe data center provider is targeting a listing at the end of October, according to the people, who asked not to be identified because the ...
India beats a hasty retreat from a crucial market reformIndia’s market-closing auction reform, designed by Sebi to curb price manipulation, has faced volatility and investor backlash within weeks...
SEBI tightens scrutiny of Wall Street giants operating in IndiaIndia's securities regulator is increasing its oversight of foreign financial firms. Prominent players like JPMorgan Chase and Jane Street ...
JPMorgan, Jane Street probes show India scrutinizing Wall StreetIndia’s market regulator Sebi is intensifying scrutiny of global financial firms, targeting entities linked to JPMorgan, Jane Street, Bank ...
AI startup Crusoe valued at $30 billion after new fundingSeparately, the startup has signed a five-year cloud contract with trading firm Jane Street Group valued at around $13 billion, Bloomberg ...