News
Circle IPO Underscores Investor Appetite For Crypto
Stablecoin issuer Circle Internet Group raised nearly $1.1 billion in its IPO, above its expected range, as investors grow increasingly attracted to cryptocurrencies.
News
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Banking
Japan’s SMBC Buying Stake in Yes Bank
India’s Yes Bank expects to sell a 20% stake to Japan’s second-largest bank, Sumitomo Mitsui Banking Corporation (SMBC), a wholly owned subsidiary of Sumitomo Mitsui Financial Group, for $1.58 billion, pending regulatory approvals from the Reserve Bank of India (RBI) and the Competition Commission of India.
Capital Raising & Corporate Finance
Nippon Steel, U.S. Steel Tie-Up Could Be A ‘Game Changer’
The deal by Japan’s top steelmaker creates a formidable global competitor and helps revive U.S. Steel’s competitiveness.
Sponsored Content
Digital By Design
Digitizing more than 80% of its retail banking services proved a timely strategic move for Sberbank, Russia's largest bank. During the pandemic, customers could access most banking services while socially distancing and the bank launched new services quickly that helped customers facing financial hardship and uncertainty.
Economics, Policy & Regulation
US To Stop Producing Its Penny
After 232 years, the US is bidding farewell to the penny.
Economics, Policy & Regulation
United States: Plan For Remittance Tax Sparks Global Concerns
A proposed 3.5% remittance tax on money sent from the US to noncitizens abroad has sent shockwaves through countries that rely on international transfers.
Capital Raising & Corporate Finance
Corporate Loan Markets In US, Europe Rebound After April Plunge
Following a sharp slowdown due to Trump's tariff announcement, corporate loan activity is picking up, driven by improved pricing and investor appetite, though credit quality concerns still loom.
Economics, Policy & Regulation
Syria: If Sanctions Are Lifted, Will Syria ‘Shine?’
Last month, the US and the EU announced the relaxation of sanctions on Syria.
Capital Raising & Corporate Finance
Stellantis: New Chief Tapped To Guide Automaker
The world’s fourth-largest automaker has finally found its leader.
Technology
Open AI: Ex-Instacart Head Takes Top Spot At AI Innovator
The division’s other key players—COO, CFO, and chief product officer—will report directly to her. The move leaves Altman free to...
Capital Raising & Corporate Finance
From Riyadh To The Runway: Flynas IPO Is Taking Off
Saudi Arabian budget airline Flynas received $109 billion in orders following the institutional round of its IPO, in a consequential public offering for the low-cost airline marketplace.
Capital Raising & Corporate Finance
Canal+ Buys African TV Group, As Telecom Deals Heat Up
Canal+ is on an ambitious mission targeting 50 million to 100 million subscribers.
Capital Raising & Corporate Finance
Brazil: JBS Dual Listing Boosts Clout And Concern
The world’s largest meat-processing enterprise in sales volumes, São Paulo, Brazil-based JBS, is expected to begin trading on the New York Stock Exchange on June 12.