Deal Financial News

SoftBank is looking for deals in artificial intelligence, including a potential investment in OpenAI, after the blockbuster listing of its Arm unit, the Financial Times reported on Saturday. SoftBank's founder and chief executive, Masayoshi Son, is looking to invest tens of billions of dollars in AI, the newspaper said, citing two people familiar with Son's thinking.

“sacred fight" against Western imperialism. Both men are throwbacks. Mr Kim is the grandson of a tyrant imposed on North Korea by Stalin.

Italian Premier Giorgia Meloni is vowing to take “extraordinary measures” to deal with an influx of migrants

Auto union plans strikes at factories in Wentzville, Missouri; Toledo, Ohio, and Wayne, Michigan, if no deal reached

Digital asset miners Core Scientific and Celsius Mining have struck a $45 million deal over the Cedarvale mining site after months of litigation.

Renewables developer Edify Energy has been sounding investors for a 185-megawatt battery energy storage system in Victoria via ICA Partners, the same adviser that helped it sell NSW’s biggest battery last year.

(Reuters) -Abcam Plc (O:ABCM) founder Jonathan Milner on Thursday said he would vote against medical tools supplier Danaher (NYSE:DHR)'s proposed $5.7 billion acquisition of the company, as it undervalues the protein consumables manufacturer.

BRASILIA (Reuters) — Brazil's Foreign Ministry said on Thursday that Mercosur's response to the European Union's additions to their long-awaited trade accord has been delivered to Brussels and negotiators will meet by video-conference later in the day.

Laurentian Bank has completed its review of strategic options without a deal to sell the bank.

Bombay Dyeing & Manufacturing Company (BMDC) hit 20% upper circuit to scale their 52-week high of Rs 166 on the NSE on Thursday following a nod from the Wadia Group's company's Board to the proposal to sell the land parcel of about 22 acres in Worli, Mumbai to Goisu Realty, a subsidiary of Japanese realty developer Sumitomo for Rs 5,200 crore. This is Mumbai's largest land deal in terms of value. The price action was accompanied with high volumes as over 1 crore shares traded on the NSE around 9:30 am. The whole transaction with Sumitomo will be completed in two phases including the first tranche of Rs 4,675 crore. The balance Rs 525 crore will be received upon completion of certain conditions by BDMC and execution and consummation of the definitive agreements for the second phase. The group has decided to monetise the land parcel to repay the debt that currently stands at Rs 3,969 crore.

ANI. In the briefing, Miller also added that there is a "possibility" of weapons flowing two ways between Russia and North Korea, as he underlined how war unleashed by Russia President Vladimir Putin on Ukraine resulted in the loss of billions of dollars as well as thousands of Russian soldiers.

Russia and North Korea as Kim Jong Un arrived in Moscow to meet President Vladimir Putin recently, giving rise to the concerns of a possible arms deal between the two countries, which has remained the talk of the town for quite sometime now. In a press briefing on Wednesday, the official spokesperson of the US Department of State, Matthew Miller said, «And then I want to speak specifically for a second about the idea of North Korea providing weapons to Russia, which I spoke to the other day but I don't think you were here. One, just the overall context, and one thing it's important to restate again, that a year and a half ago Vladimir Putin launched this war thinking he was going to restore the glory of the Russian empire, failed in all of his maximalist, imperialist aims, and now a year and a half later, after losing tens of thousands of Russian soldiers and spending billions and billions of dollars, here he is begging Kim Jong-un for help.» «So it says something about the overall context of how this war is going for Russia.

The New Zealand Breakers – a privately owned National Basketball League team – are close to finalising their advisory bench as they prepare to test the appetite of potential buyers, with four bankers from Los Angeles to Sydney set to play key roles.

Cetera Holdings this week said it was spending $1.2 billion to acquire the nearly 3,100 tax focused financial advisors at Avantax Inc., a clear indication that the valuations for broker-dealers and registered investment advisors are still climbing and no one knows how high they will go.

(Reuters) — The U.S. Senate has issued a subpoena to the Saudi Arabian Public Investment Fund's (PIF) U.S. subsidiary over its planned partnership with the PGA Tour, it said on Wednesday.

Bharat Electronics Limited (BEL) on Wednesday joined hands to develop an indigenous communication-based train control (i-CBTC) system, officials said. The team has commenced work at the i-CBTC lab of the Delhi Metro Rail Corporation (DMRC) and will soon develop and deploy a prototype i-CBTC product on a «designated test track» within the DMRC network, they said. With this partnership, the Delhi Metro and BEL are set to «usher in a new era of rail transportation in India», driving innovation, reducing costs, and fostering self-reliance in the field of train control signalling systems, the DMRC said in a statement. A memorandum of understanding (MoU) was signed in the presence of Vikas Kumar, Managing Director of the DMRC. «This groundbreaking partnership is aligned with the 'Make in India' initiative, championed by the Government of India under the Ministry of Housing & Urban Affairs,» the statement said.

Sometimes you have to travel 3,000 miles just to see an 8mm hole. Yes, I’m talking about my trip to Cupertino to see the iPhone 15 and iPhone 15 Pro’s new USB-C port. After 11 years Apple has retired the Lightning port and swapped in the same port you can find on most Android phones, Windows laptops, even iPads and MacBooks.

Huawei Technologies inked on Wednesday a global patent cross-licensing deal with Xiaomi Inc, according to a statement from Huawei. The deal covers communication technologies including 5G, it said, and marks the resolution of a patent licensing dispute between the two firms. Local Chinese media reported in March that Huawei was suing Xiaomi for alleged infringement of four registered patents mainly related to wireless communication technology, smartphone photography and screen lock technology. Huawei also has patent license agreements with other tech players such as Oppo and South Korea's Samsung.

In a major milestone for the electronic conveyancing market, the first property transactions have been settled using both of the competing electronic lodgment network operators, Property Exchange Australia (PEXA) and Sympli.

Did banking giant UBS make "the deal of the century" when it bought one of the world's biggest banks for a pittance as it teetered on the edge of the abyss? Switzerland's largest bank was in March strong-armed by Swiss authorities into a $3.25-billion takeover of Credit Suisse, to keep its closest domestic rival from going under. At the time, investors gasped at the risks UBS was taking on with the purchase.

President Vladimir Putin, a rare encounter between isolated leaders driven together by their need for support in escalating standoffs with the West. Kim is expected to seek economic aid and military technology for his impoverished country, and, in a twist, appears to have something Putin desperately needs: munitions for Russia’s grueling war in Ukraine. It’s a chance for the North Korean leader to get around crippling U.N.