Cambridge Aerospace in Talks to Raise at $3.5 Billion Valuation

Bank of Japan set to hike rates to 31-year high, drop hawkish signals

Bank of Japan set to hike rates to 31-year high, drop hawkish signals TOKYO, June 12 : The Bank of Japan is set to raise interest rates to a 31-year high next week and signal its readiness to keep pushing up borrowing costs, undeterred by the absence of its governor as it focuses on countering inflation risks from the Middle East war. The decision would align the BOJ with other central banks shifting towards tighter policy including the European Central Bank, which delivered a much...

Korea’s Kospi Surges 8% as Iran Deal Hopes Lift Chip Stocks

Woodside exercises pre-emptive right to buy 10.67% stake in Browse JV from PetroChina

Woodside exercises pre-emptive right to buy 10.67% stake in Browse JV from PetroChina June 12 : Woodside Energy said on Friday it had exercised its pre-emptive right to acquire PetroChina's 10.67 per cent stake in the Browse gas fields off the coast of Western Australia, blocking a deal agreed with Japan's INPEX. Under the terms of the transaction, Woodside will pay $225 million to PetroChina, along with reimbursement of cash call contributions made since June 30, 2025. The agreement also...

Biggest-ever IPO: Retail investors line up, bid over $70 billion for SpaceX

SpaceX’s initial public offering has attracted more than $70 billion in orders from retail investors, according to people familiar with the matter, as the potentially record-breaking debut enters the home stretch. Retail investors are expected to be allocated at least 20% of the available shares, the people said. At a $75 billion IPO size, which would be the largest on record, that allocation would leave the bulk of demand from individual investors unfulfilled.