After avoiding default at the last minute twice this month to provide some relief to the crisis-hit Chinese real estate market, embattled developer Country Garden will face a new round of voting by creditors on Monday to extend multiple loan deadlines.   Onshore creditors will vote on...

A firm that specialises in crypto infrastructure, Fortress Trust, will be acquired by cryptocurrency corporation Ripple on Friday. This will grant it a Nevada licence and help it to grow outside its primary business of blockchain-enabled payments.   The conditions of the arrangement were...

According to people familiar with the situation, investor demand for Arm Holdings Plc, a chip designer owned by SoftBank Group Corp. that is seeking approximately $5 billion in its initial public offering, is six times what it is asking for.   The oversubscription increases the likelihood...

Nvidia, a U.S. semiconductor company, and Reliance, a global leader in telecommunications and retail, announced on Friday their collaboration in artificial intelligence (AI) to build language models, generative apps, and a cloud infrastructure platform for AI development in South Asia.  ...

Following the discovery of new chips in Huawei phones that may violate trade rules, the U.S. Commerce Department should stop all technology exports to Huawei and China's largest semiconductor company, the chair of the House of Representatives' committee on China said on Wednesday.  ...

On Tuesday, Arm Holdings Ltd. of SoftBank Group began the roadshow for its massive initial public offering (IPO), in an effort to persuade investors that it is worth up to $52 billion in the largest share offering of the year.   Arm began its roadshow in Baltimore, the home of significant...

The new Digital Markets Act, a stringent set of regulations that might disrupt the business models of significant digital platforms, was unveiled by the European Commission on Wednesday, designating six IT titans as "gatekeepers" under its provisions.   According to the Commission, Amazon,...

On August 31, UBS will release its first earnings report following a hastily planned acquisition of its Swiss rival Credit Suisse, providing fresh insight into the deal's effects and the operations of the new banking behemoth.   Investors will be closely examining any further information for...

On Tuesday, Google introduced a wide range of new artificial intelligence products and collaborations that are intended to increase the use of the developing technology by big organisations.   New clients for its cloud software, such General Motors and Estee Lauder Companies, were among the...

Responding to reports of delayed payments to the unit from developers, including the troubled Evergrande, Centaline Property said that its mainland China unit is due a sizable sum of unpaid commissions and that as a result, it is unable to pay staff their commissions.   The announcement by...

An offer to purchase BlackBerry Ltd. has been made by the private equity firm Veritas Capital, according to reports quoting information from sources with knowledge of the situation, months after the Canadian technology company started a strategic review.   BlackBerry's publicly traded shares...