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.
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.