Elon Musk’s artificial intelligence startup, xAI, secured $6 billion in Series B funding, valuing the company at $24 billion. https://www.cnbc.com/2024/05/28/cnbc-daily-open-musks-ai-start-up-raises-6-billion.html
Citigroup Inc. remains positive on the Indian rupee and expects it to build on its outperformance in the region this year. from Bloomberg Markets https://ift.tt/d4j6GpT
Michael Saylor, Executive Chairman of Microstrategy, stated that the approval of several spot ether ETF proposals by the U.S. SEC might be good for Bitcoin. In “What Bitcoin Did,” Peter McCormack’s podcast, Saylor stated this approval gives rise to a crypto asset class, including several use cases like tokens, NFTs, and defi, with Bitcoin at…
Kyushu Electric Power Co. raised ¥30 billion ($191 million) from Japan’s first environmental bond exclusively financing nuclear projects, finding demand from investors for a deal with a controversial use of proceeds. from Bloomberg Markets https://ift.tt/BSQbAat
Much of South and South East Asia have been sweltering under a severe heat wave, one that has caused power outages and deaths across the region. It’s a problem aggravated by a changing climate, and poor urban design. Bloomberg’s Paul Allen has more. (Source: Bloomberg) from Bloomberg Markets https://ift.tt/yVcdSDo
At least 45 people were killed in a strike on Rafah, according to the Hamas-run health ministry. https://ift.tt/XYCoUsu May 28, 2024 at 04:29AM
Investing veteran and ChinaAMC CEO Yimei Li is upbeat on China’s prospects, and that optimism frames her views on a wide range of subjects ranging from Chinese equities to whether crypto ETFs will find traction with mainland investors. Li shares those insights and more in the second installment of our Tiger Money podcast. New episode…
Protesters are gathering in Taipei as opposition lawmakers try to push through controversial legislation giving them greater investigative powers and effectively curbing the authority of President Lai Ching-te. from Bloomberg Politics https://ift.tt/foFDNvR
China’s government has set up the country’s largest-ever semiconductor investment fund to propel development of the domestic chip industry. This comes as Beijing looks to achieve technology self-sufficiency to bypass intensifying US restrictions. Peter Elstrom reports on Bloomberg Television (Source: Bloomberg) from Bloomberg Markets https://ift.tt/hqMIFQV
Gold edged higher in early Asian trade. Prices were getting a lift from a more dovish tone from central banks, ANZ Research analysts said. https://www.wsj.com/articles/gold-edges-higher-on-interest-rate-cut-optimism-b9ea682f