Toshiba Says Its Takeover Offer to Start in August
Toshiba has announced that it expects a $15 billion buyout offer by a group led by private equity firm Japan Industrial Partners to begin in August.
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Applied Materials Expands in India
The American company Applied Materials, a manufacturer of equipment used in the production of microchips, announced its intention to expand the scale of its activities in India.
Sequoia Capital Reportedly Downsizes Its Funds
The media reports that the Silicon Valley venture capital company Sequoia Capital has decided to downsize two of its large funds.
Bank of America CEO Says New Capital Requirements Must Ensure Level Playing Field
Brian Moynihan, CEO of Bank of America, expressed the opinion that the new capital requirements should form a space of equal conditions for all representatives of the US banking sector.
TIFIN Launches Platform for Creating AI FinTechs
The wealth platform with integrated artificial intelligence TIFIN presented a new project, which is a kind of space for creating AI fintech firms.
Fed Raises Interest Rates
The US central bank has decided to raise interest rates to the highest level in the last 22 years.
China’s Central Bank Calls On Financial Sector to Help Fund Technology Research
The Central Bank of China has appealed to the local financial sector to provide material support, in this case, it means providing money, in conducting research in the area of technology and implementing mergers and acquisitions.
Samsung Cuts in Memory Chip Production
Samsung Electronics continues to implement a strategy to reduce the production of memory chips, including NAND flash memory, which is used in smartphones and computers.
Bloom Money Raises Funds to Digitize Microcredit Finance
The British fintech company Bloom Money has announced that it has managed to raise investment funds for 1 million pounds to digitize the informal financial management system used by ethnic communities around the world.
PacWest to Merge With Banc of California
PacWest Bancorp plans to implement a merger deal with Banc of California.
Banco Santander Earnings Beat Estimates
The revenues of Banco Santander SA in the second quarter of this year exceeded the initial forecasts regarding this result of the bank’s activities.
Deutsche Bank AG Survives Slowdown in Trading Well
Deutsche Bank AG was able to survive a period of slowing trading, demonstrating a result that largely exceeded analysts’ expectations about the lender’s ability to cope with these adverse circumstances.
Apple Opens Applications for Vision Pro Developer Kit
Apple has decided to open applications for the Vision Pro developer kit.
Netflix Launches New Tool
A new tool has appeared on the online platform of the streaming service Netflix, which is designed to search for content.
SoftBank and Symbiotic Collaborate to Offer Automated Warehouses
SoftBank Group last Monday, July 24, announced the creation of a joint venture with Symbotic, which was named GreenBox Systems LLC.
Germany Reportedly Plans to Dole Out €20 Billion to Bolster Semiconductor Manufacturing
The government of German Chancellor Olaf Scholz, according to media reports, intends to provide financing for 20 billion euros for the development of semiconductor production in this country.
