Newsfeed – Business News
What it actually takes for companies like OpenAI and SpaceX to go public
NEW YORK, May 17 — Hundreds of companies raised a combined US$70 billion (RM280 billion) by selling shares to the public in the United States last year. But 2026 could shatter […]
SpaceX, OpenAI and Anthropic could make 2026 the biggest IPO year yet
NEW YORK, May 17 — Wall Street is licking its chops over an unprecedented slate of massive IPOs set to arrive in the coming months, beginning with Elon Musk’s SpaceX in […]
Shipping giants turn to trucking as Hormuz blockade pushes freight charges past pandemic levels
MOSCOW, May 17 — Large shipping companies have begun using land transport to move fuel amid the partial blockage of the Strait of Hormuz caused by the West Asia crisis, […]
Samsung strike threat puts South Korea on edge with chip giant tied to quarter of exports
SEOUL, May 17 — South Korea will pursue all options, including emergency arbitration, to avoid a labour strike at the country’s biggest employer Samsung Electronics and to minimise any damage […]
India scrambles to stop rupee slide as oil shock drives currency to record low
MUMBAI, May 17 — India is scrambling to salvage a sinking rupee as surging oil prices linked to the Middle East conflict threaten to disrupt the world’s fastest-growing major economy. […]
Dutch chip giant ASML signs deal with Tata to power India semiconductor plant
THE HAGUE, May 18 — Dutch tech giant ASML signed a deal with Tata Electronics Saturday to help build and scale up a semi-conductor plant in India, overseen by Prime […]
Iraq says Strait of Hormuz disruption slashed monthly oil exports by nearly 90pc
BAGHDAD, May 16 — Iraq exported 10 million barrels of oil via the Strait of Hormuz in April, down from about 93 million barrels monthly before the Iran war, the […]
SpaceX shareholders approve 5-for-1 stock split ahead of planned IPO
CALIFORNIA, May 16 — A majority of SpaceX shareholders have approved a 5-for-1 stock split recommended by the company’s board, Bloomberg News reported yesterday, citing people familiar with the matter. […]
How Samsung’s AI chip success has led workers to threaten its biggest-ever strike
Samsung higher bonuses for memory workers vs foundry employees, transcripts show Samsung says foundry/system LSI business is making losses Samsung foundry supplies AI chips to Tesla, Nvidia Employees worry internal […]
Boeing confirms China commitment to buy 200 aircraft, Trump says deal could reach 950 planes
NEW YORK, May 16 — Aerospace giant Boeing yesterday confirmed that China had committed to purchasing 200 aircraft during a visit to Beijing by US President Donald Trump — a […]