To help secure billions of dollars for his insurance firms, billionaire Mark Walter proposed using his equity holdings in Guggenheim Partners as collateral, a Bloomberg News story published on Thursday revealed. The capital-raising push involves offering double-digit yields to lenders for Walter’s TWG holding company, as reported by Bloomberg News. Debt Restructuring at Delaware Life … Read more
Wall Street closed lower as climbing crude oil prices driven by Middle East tensions and a massive share sale by Intel weighed on investor sentiment, according to Reuters. The S&P 500 declined 0.06% to finish at 7,753.12 points, while the tech-heavy Nasdaq Composite dropped 0.32% to 26,605.36 points, and the Dow Jones Industrial Average slipped … Read more
Chinese mainland tax authorities have started levying a 20% personal income tax on returns from offshore insurance policies, according to a report by Caixin citing tax lawyers and insurance insiders. The enforcement action triggered a steep sell-off in major insurers, with Prudential shares falling as much as 13% on Wednesday. Tax Crackdown Targets Offshore Insurance … Read more
U.S. Treasury Secretary Scott Bessent met with Pakistan Finance Minister Muhammad Aurangzeb in Washington, D.C., on Tuesday, July 21, 2026, to discuss ongoing economic reforms and market access. According to a U.S. Treasury statement issued Wednesday, Bessent welcomed Islamabad’s push to implement fiscal consolidation and prepare for a return to international capital markets, though the … Read more
Cathedral, a startup founded by former Department of Government Efficiency (DOGE) staffers, has closed a $160 million funding round at a $1.4 billion valuation. The company intends to leverage artificial intelligence to bolster U.S. military cyber operations, including both offensive and defensive capabilities. Investors Andreessen Horowitz and Sequoia Capital led the round and have secured … Read more
Indian equity markets are poised for a cautious start as a surge in global oil prices threatens to dampen the momentum from strong quarterly earnings. GIFT Nifty futures indicate the Nifty 50 will likely open lower than its previous close of 24,334.3 points. While domestic banking and industrial heavyweights have exceeded profit expectations, rising geopolitical … Read more
Skyroot Aerospace successfully launched its Vikram-1 rocket from the Satish Dhawan Space Centre in Sriharikota, marking India’s first orbital mission conducted by a private company. The rocket reached a 450 km orbit, carrying customer payloads and experimental technology. This milestone positions India as the third nation to achieve private orbital launch capability, supporting national goals … Read more
SK Hynix shares jumped 14% during their Nasdaq debut on July 10, following a $26.5 billion share sale. The South Korean chipmaker opened at $170 per American Depositary Receipt (ADR), significantly above the $149 offering price. This move provides the company with direct access to U.S. capital markets and funds for future factory construction, signaling … Read more
SK Hynix completed a U.S. trading debut on Friday, pricing its American Depositary Receipts (ADRs) at $149 each following a $26.5 billion share sale. This listing, which was oversubscribed more than seven times, provides the South Korean memory chipmaker direct access to U.S. investors and capital to fund new factory construction, according to reports confirmed … Read more
SoftBank Corp and mobile payments operator PayPay are in preliminary talks to invest several hundred billion yen into retail giant Seven & i Holdings, according to a report by Bloomberg News. The potential deal may also include a stake from Sumitomo Mitsui Card, a subsidiary of Sumitomo Mitsui Financial Group, though none of the involved … Read more