Bain Capital Ventures raises $1.6b for AI fund
Bain Capital Ventures plans to invest it over two to three years across 30 to 40 companies.
We haven't written up this one. Tech in Asia has the full story — the link below goes straight to it.
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Japanese Yen edges higher vs bullish USD amid expectations of a more hawkish BoJ
The USD/JPY pair edges lower during the Asian session on Thursday, snapping a three-day winning streak and eroding a part of the previous day's gains to a nearly two-week high.
Berkshire may boost Japan trading house holdings, Itochu says
The U.S. investment firm owns stakes of more than 10% in Mitsubishi, Sumitomo, Mitsui, Marubeni and Itochu.
FOMC Turns Hawkish to Tackle Inflation
In a laconic 132-word statement, the Federal Open Market Committee (FOMC) announced a hike of the Federal Funds rate by 0.25%, to between 3.75% and 4%.
- FOMC raises Federal Funds rate by 0.25% to 3.75%-4.0%
- Chairman Kevin Warsh leads first increase since July 2023
- Inflation target of 2% not met since February 2021
How 12 people you probably don’t know knocked down Donald Trump
The US president complained loudly about the Federal Reserve’s decision to lift interest rates. But in the end, he couldn’t stop it.
How 12 people you probably don’t know knocked down Donald Trump
The US president complained loudly about the Federal Reserve’s decision to lift interest rates. But in the end, he couldn’t stop it.
Silver Price Forecast: XAG/USD rises to near $64.00 as oil prices decline
Silver price (XAG/USD) gains ground after posting losses the previous day, trading around $63.80 per troy ounce during the Asian hours on Thursday.