Apollo, SoftBank discuss raising Vision Fund 2 loan
SoftBank has committed US$64.6 billion to OpenAI.
We haven't written up this one. Tech in Asia has the full story — the link below goes straight to it.
More in Finance & Markets
UOBKH downgrades SIA to ‘sell’ as jet fuel price nears all-time high
Brokerage is ‘largely neutral’ on Air India’s US$1.5 billion top-up request
UOBKH downgrades Singapore Airlines to ‘sell’ on jet fuel price surge
The brokerage is also ‘largely neutral’ on Air India’s top-up request
- UOB Kay Hian downgrades Singapore Airlines to 'sell' due to jet fuel price surge.
- Middle East tensions and Houthi drone attacks increase jet fuel prices to US$190 per barrel.
- UOBKH cuts SIA's 2027 and 2028 earnings forecasts by 21% and 5% respectively.
El Niño Puts India on Track for Its Driest Monsoon Since 2009
India is on course for its driest monsoon in 17 years as a strengthening El Niño curbs rainfall, threatening crop yields and raising food-price risks.
Iron ore roaches seethe
Iron ore is staging a little recovery, just for fun. The normalised price, accounting for elevated freight costs, is roughly $10 lower. Chinese demand remains poor.
