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Anthropic files for IPO as AI boom fuels race for billions in fresh funding
SAN FRANCISO, June 2 — AI giant Anthropic, the maker of the Claude chatbot, announced yesterday that it had filed confidentially for an initial public offering (IPO), as Silicon Valley AI companies look to raise the enormous sums needed to
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Google parent Alphabet launches US$80b fundraising drive to boost AI infrastructure
SAN FRANCISCO, June 2 — Google parent Alphabet announced yesterday it plans to raise up to US$80 billion in stock to fund a major expansion of its artificial intelligence (AI) infrastructure, with Warren Buffett’s Berkshire Hathaway committing US$10 billion as
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Oil prices climb as US reportedly hardens stance in Iran peace talks
TOKYO, June 1 — Oil prices rose as markets reopened today following weekend reports that the United States had hardened its negotiating terms with Iran to end the Middle East war. US benchmark West Texas Intermediate gained 2.5 per cent to
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Pharmacy chain Big Caring’s RM3b IPO looms as Malaysia’s next healthcare bellwether
KUALA LUMPUR, May 29 — Malaysia’s largest pharmacy chain is preparing to test investor appetite with what could become one of the country’s biggest initial public offerings in a decade. According to Bloomberg, Big Caring Group Bhd, the operator behind
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US growth revised down, inflation hits highest level since 2023
WASHINGTON, May 29 — The US economy expanded less than initially estimated in the first quarter, government data showed yesterday, while a key inflation gauge separately hit a three-year high on fallout from the Middle East war. The figures sound
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Trump could become first living US president on banknote under proposed US$250 bill
WASHINGTON, May 29 — President Donald Trump could soon appear on a new US$250 bill, in the Republican’s latest move to shatter US traditions by putting his personal stamp on national institutions. A proposal for the new bill, featuring a
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S&P 500, Nasdaq hit record highs on US-Iran ceasefire hopes and AI rally
NEW YORK, May 29 — The S&P 500 and the Nasdaq posted record closing highs yesterday after news reports said the US and Iran had reached a draft agreement to extend their ceasefire for 60 days, while investors also digested
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Temu hit with €200m EU fine for failing to tackle illegal and unsafe products
BRUSSELS, May 28 — The European Union (EU) has imposed a fine of €200 million (US$232 million) on the Chinese e-commerce giant Temu for offering illegal products on its platform, reported German Press Agency (dpa). Temu “failed to diligently identify,
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Yoga pants giant Lululemon’s new CEO inherits US$1.8b war chest to revive brand after bitter feud
NEW YORK, May 28 — Hard-hit Lululemon Athletica has ended a months-long proxy fight with founder Chip Wilson that weighed on its shares amid weakening brand appeal. Shares in the sports apparel brand tumbled nearly 60 per cent in the
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Oil jumps, Asian stocks slide after fresh US strikes on Iran test fragile ceasefire
HONG KONG, May 28 — Oil prices bounced higher on today while Asian stocks fell, as new US strikes on Iran marked the latest test of a shaky ceasefire in the Middle East war. The price jumps erased much of Wednesday’s
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