Samuel Nwite
AUTHOR: Samuel Nwite
China’s CXMT Shares Fall 7.8% Despite Forecast $19.6bn Profit as AI Chip Boom Faces...
Shares of Chinese memory chipmaker ChangXin Memory Technologies (CXMT) fell 7.8% on Monday, despite the company forecasting a dramatic return to profitability for the...
Barclays Says CoreWeave’s Debt Troubles Do Not Signal a Wider AI Spending Crisis
Barclays has warned investors against interpreting CoreWeave’s mounting debt pressures as evidence that the broader artificial intelligence investment boom is approaching a breaking point,...
Reliance Worldwide Reaffirms Brookfield’s $2.53bn Takeover Support After No Rival Bid Emerges
Reliance Worldwide has reaffirmed its unanimous recommendation for shareholders to approve Brookfield’s proposed $2.53 billion acquisition of the Australian plumbing supplies manufacturer after no...
China’s Economic Growth Expected to Edge Up to 4.4% as Export Boom Masks Weak...
China’s economic growth is expected to have accelerated slightly in the third quarter, supported by resilient exports, demand for high-tech products and fresh government...
Sweden’s EQT Agrees to Acquire Australia’s Cleanaway Waste Management in A$9.3bn Deal, Shares Surge...
Swedish private equity group EQT has agreed to acquire Australian waste management company Cleanaway Waste Management in a transaction valuing the business at approximately...