Japanese technology conglomerate SoftBank Group is seeking a loan of up to 40 billion USD to finance its growing investment in artificial intelligence developer OpenAI, according to reports citing people familiar with the negotiations. The planned borrowing would represent the company’s largest dollar-denominated loan to date and reflects a broader strategy by founder and chief executive Masayoshi Son to deepen…
Revolut, the London-based financial technology company, said it has applied for a full banking license in Peru, positioning the Andean nation as the firm’s latest entry point in a broader regional expansion. The move represents Revolut’s fifth planned market expansion in Latin America, following previously announced intentions to build a presence in Brazil, Mexico, Colombia, and Argentina. The company, valued…
The United Arab Emirates’ climate investment platform ALTERRA and Spanish lender BBVA said they plan to establish a $1.2 billion co-investment vehicle to finance climate-aligned projects and companies worldwide. The proposed fund, named the ALTERRA Opportunity Fund, is designed to deploy capital across infrastructure, private equity, and private credit, according to a joint statement from the two organisations. As part…
JPMorgan Chase & Co. reported fourth-quarter results that exceeded analysts’ expectations, driven by a strong performance from its markets business as volatility increased client activity. The bank said markets revenue rose 17% in the final three months of 2025, with equities trading particularly strongly. Equities revenue rose 40%, driven by higher activity in areas such as prime brokerage, while fixed…
The Swiss National Bank (SNB) reported a profit of approximately 26 billion Swiss francs (approximately $33 billion USD) for the 2025 financial year, marking one of the most profitable years since the institution’s founding in 1907. The central bank attributed the robust result largely to a dramatic surge in gold prices, which significantly boosted the value of its precious metal…
China’s leading artificial intelligence server supplier xFusion has taken an early procedural step toward a potential stock-market debut, hiring Citic Securities to run a pre-IPO “tutoring” program for its executives, according to a regulatory disclosure. The Henan-based company signed the agreement on Dec. 31, 2025, and the tutoring period is scheduled to run from January to April or May, a…
The Swiss Federal Council on January 5, 2026 ordered an immediate freeze of any assets held in Switzerland by Nicolás Maduro and other people associated with him. Swiss authorities said the move is intended to prevent an outflow of assets at a time when events in Venezuela are evolving rapidly. According to the government, the freeze is a precautionary step…
