Malaysia’s biggest wireless carrier Axiata Group Bhd. and Indonesian conglomerate PT Sinar Mas Group have revived talks that could lead to a merger of their telecommunications operations in Indonesia, according to people familiar with the matter.
Investment banks working on Arm Holdings Ltd.’s initial public offering are set to share upwards of $100 million in fees from the chip designer’s listing, according to people familiar with the matter.
The early winners in artificial intelligence have strong fundamentals and less extreme valuations compared with stocks seen in previous periods of exuberance, according to Goldman Sachs Group Inc. strategists, rebutting concern that a bubble is building in AI.
Dutch payments processing firm Adyen NV plans an investor day in November to ease concerns about its growth ambitions following a selloff in the shares.
China is seeking to raise a $40 billion fund to bankroll investments in domestic chipmaking and research, Reuters reported, citing unidentified people familiar with the matter.
A Singapore money laundering probe involving more than S$1 billion ($740 million) is shining a light on fund flows from abroad and raising questions about loopholes that enabled an alleged crime syndicate to accumulate luxury property, Bentley cars and cryptocurrency.
Market making in digital tokens used to be a font of outsized profitability. The picture today is very different as costs jump and investors avoid a crypto sector scarred by a $2 trillion rout.
Electric-vehicle giant Tesla Inc. says Australia should offer tax incentives to transform the mining nation into a hub for processing the minerals used to manufacture batteries.
Apex Capital is starting a new fund with backing from athletes including Formula 1 driver Lando Norris to invest in business areas including sports-related technology and entertainment.
ThetaRay, a startup that uses artificial intelligence to detect money laundering and other financial crimes in international transactions, raised $57 million in an investment round led by Portage Capital Solutions.
