Sources: Klarna is nearing a deal to raise about $650M mostly from existing investors led by Sequoia Capital at a...

Klarna to Raise Fresh Cash at Slashed $6.5 Billion Valuation The deal would be a huge comedown for the company, which investors valued at $45.6 billion in 2021 Klarna Bank AB is nearing a...

Sanofi says COVID-19 vaccine candidate yields positive trial data

PARIS - Sanofi (NASDAQ:SNY)'s COVID-19 vaccine candidate, which is modelled on the virus's Beta antigen, delivered 72% efficacy in adults against the Omicron strain, the French drugmaker said on...

KKR Greater China head steps down to take adviser role

HONG KONG - Paul Yang, partner and head of Greater China at KKR & Co (NYSE:KKR), has recently stepped down to take an adviser role with the private equity firm, two people familiar with the...

Exclusive: Phillips 66 made renewable fuels without proper permits

By Laura Sanicola - California regulators allege that U.S. refiner Phillips 66 (NYSE:PSX) improperly began processing renewable diesel in a unit at its Rodeo, California refinery, the company...

E.ON's CEO says Germany should boost domestic gas production

BERLIN - Germany should explore all options to increase domestic natural gas output including fracking, the chief executive of German energy provider E.ON's said, as Berlin triggered the "alarm...

Asian Stocks Up as Investors Evaluate Economic Outlook

By Zhang Mengying Investing.com – Asia Pacific stocks were up on Friday morning as investors evaluated the economic outlook and interest rates hike expectations. The policy-sensitive US two-year...

Nasdaq listing most likely for Arm

TOKYO - SoftBank Group Corp's founder and Chief Executive Masayoshi Son on Friday reiterated that the Japanese conglomerate was most likely to list chip designer Arm on Nasdaq while stressing no...

U.S. business group calls for 'urgent' Taiwan free trade talks

TAIPEI - The United States should "urgently" start talks with Taiwan on a free trade agreement with the aim to present a completed text for passage next year, the American Chamber of Commerce in...

S&P Global downgrades developer Greenland to 'selective default'

HONG KONG -Ratings agency S&P Global (NYSE:SPGI) on Wednesday downgraded Greenland Holdings to "selective default", after the Chinese state-backed property developer extended the maturity of its...

Ex-CBA unit fined $1.2 million for charging fees from dead pensioners

- Australia's corporate regulator on Wednesday fined a former unit of top lender Commonwealth Bank A$1.7 million ($1.2 million) for charging fees from deceased superannuation members. The unit,...

Better.com Misled Investors Ahead of Stalled SPAC Deal, Former Executive Alleges

CNN.com will feature iReporter photos in a weekly Travel Snapshots gallery. Please submit your best shots of the U.S. for next week. Visit CNN.com/Travel next Friday for a new gallery of snapshots...

Silicon Valley Investors Give Startups Survival Advice for Downturn

Venture-capital firms tell portfolio companies to buckle down for the long haul. ‘before you thrive, you have to survive’ they say. Silicon Valley’s investors are engaging in the grim ritual of...

Nvidia preparing to walk away from Arm acquisition - Bloomberg News

N Nvidia preparing to abandon its purchase of Arm Ltd from SoftBank Group Corp (9984.T), Bloomberg News reports. The U.S. chipmaker has told partners that it does not expect the deal to close....

Nvidia stock flirts with correction territory after FTC sues to halt Arm deal

N Nvidia Corp. shares flirted with a correction Friday. The chip maker’s chances for closing its acquisition of chip designer Arm Ltd. dwindled even further. The Federal Trade Commission sued to...

Metaverse Emerges as Promising Yet Uncertain New World for Investors

Virtual realms known as the metaverse are winning a new fan base among investors. SoftBank Group Corp. on Tuesday said it was investing $150 million in a South Korean metaverse platform. A cadre...

Grab Shares Tumble in Trading Debut After Blockbuster SPAC Deal

Grab Holdings Ltd.’s shares lost more than one-fifth of their value on their first day of trading in New York. Shares fell 21% to $8.75, giving Grab a market capitalization of roughly $34.6...

Buffett-Backed Indian Fintech Giant Paytm Stumbles in Market Debut

One97 Communications Ltd. dropped 27% from its IPO price of 2,150 rupees, the equivalent of $28.95. The shares were prevented from falling further by a halt in trading before the end of the...

SoftBank Plans $9 Billion Buyback After Portfolio Losses

Masayoshi Son says his SoftBank Group Corp. will buy back as much as 1 trillion yen ($8.8 billion) of its stock. A decline in the value of its portfolio companies led to a record loss in its...

SoftBank Plans $9 Billion Buyback After Portfolio Losses

Masayoshi Son says his SoftBank Group Corp. will buy back as much as 1 trillion yen ($8.8 billion) A decline in the value of its portfolio companies led to a record loss in its Vision Fund...

One-Stop Business News, backed by Mark Cuban. Free to Use →