SmartNews Inc. is seeking to raise ¥11.2 billion ($70 million) in an initial public offering in Tokyo next month, at a valuation that’s 80% lower than its latest major funding round in 2021.
“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, Yvonne Man and Stephen Engle give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
An attack on a police convoy in Pakistan’s restive northwest killed 28 policemen and militants on Wednesday, underscoring worsening violence in the region bordering Afghanistan.
Prime Minister Narendra Modi’s most influential ally said India’s growth isn’t translating into visible gains for young people. Andhra Pradesh Chief Minister N. Chandrababu Naidu told Bloomberg’s Ruchi Bhatia that while economic growth is visible on the ground, it isn’t enough to meet rising expectations—adding that the government is doing its best to meet that demand. In the same interview, Naidu also discussed Google’s $15 billion investment to develop India’s first artificial intelligence hub and data center campus in the southern state. He said there is “no going back” on the project, adding that he won’t compromise the public interest or Google. (Source: Bloomberg)
Nvidia’s board is working to identify a potential replacement for its CEO, Jensen Huang, after reports of another alleged affair.
But replacing the man who’s become synonymous with Nvidia and its success won’t be easy, as Minmin Low explains. (Source: Bloomberg)
Angola’s drive to diversify its economy away from oil is picking up steam as the government uses a surge in crude revenue to finance structural reforms and investment in energy, transport and other industries, Citigroup Inc. said.
Former Malaysian Prime Minister Najib Razak is barred from any political activities, media appearances and from receiving visitors without permission under his house arrest conditions, Home Affairs Minister Saifuddin Nasution Ismail said Thursday.
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Sydney and Singapore with Haidi Stroud-Watts and Avril Hong, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
Vietnam’s plans for an international bond issuance are on hold while officials wait for more suitable conditions, as global disruptions to fuel supplies stoke inflationary pressures and borrowing costs remain elevated.
The demand for New Zealand bonds at auctions jumped to the highest in more than a decade after preliminary election results eased concern over government finances.
China’s central bank highlighted what it said were relatively low loan rates compared to the rest of the world — a sign it may remain cautious about cutting interest rates while borrowing demand remains sluggish.
Stacy Rasgon, Managing Director and Senior Analyst at Bernstein Research, was asked why his team said in a note they’ve “had enough” before he discusses the outlook for Nvidia in the wake of fresh reports of CEO Jensen Huang’s extramarital affairs. Bernstein was the latest firm to downgrade the stock, cutting its rating to market perform from outperform while lowering its price target to $200 from $400. (Source: Bloomberg)
Nvidia Corp.’s leadership turmoil is boosting potential beneficiaries, with Advanced Micro Devices Inc. and Broadcom Inc. gaining on bets they may win business from the chip giant.
Taiwan is drafting legislation to establish a new sovereign wealth fund with initial capital of about NT$30 billion ($912 million), pushing ahead with the government’s plan to make strategic investments overseas.
Chief Financial Officers now play a critical role in shaping corporate strategy and positioning organizations to meet future challenges. This episode profiles Chevron CFO Eimear Bonner, who has helped lead the US energy giant to several of the most profitable quarters in its history -- and has taken steps to help the company remain resilient even if oil prices fall. (Source: Bloomberg)
With nearly 2 million acres and an interest in one out of every five wells in the Permian Basin, Chevron has recently reached a production plateau and turned its focus to increasing reliability and efficiency in its West Texas operations. On Bloomberg Chief Future Officer, CFO Eimear Bonner shows Annmarie Hordern some of the facilities and technologies that contribute to the company's competitive advantage in the region. (Source: Bloomberg)
