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Saudi Arabia’s Mada Cards Cause 72% Surge In E-Shopping In June 

World’s Most Powerful Turbine From China Will Help Cut Electricity Price by 90%

Lego Reports Record-Breaking Sales of £4 Billion, With Still Room for Growth

Brazil Sells $2 Billion Bond As CDS Declines 

The Business PinnacleJune 5, 20250193 views

This deal was announced around the same time as Brazil’s five-year credit default swap (CDS) declined, which is an important determinant of sovereign risk used by investors to hedge against…

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Virgin Australia Staged to Raise $442.8 Million in IPO, Report Says

The Business PinnacleJune 4, 20250169 views

Virgin Australia will have an enterprise value of A$3.6 billion with a net value of A$3.6 billion. Virgin Australia has staged a zero-to-hero moment, giving a financial comeback in recent…

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Shein and Temu Explores European Markets After Tariffs But Fear Losing American Consumers

The Business PinnacleJune 3, 20250182 views

Shein’s representative stated that to ensure safety and quality standards, the company spent $15 million on product and safety checks and conducted 2.5 million product tests. Consumers often buy products…

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South Korea Tries to Offset 50% US Steel Tariffs to Protect Exporters

The Business PinnacleJune 2, 20250239 views

Shares of South Korean steel companies fell, with SeAH Steel Corp. down 6.3% in morning trading and POSCO and Hyundai Steel down 3%. South Korea’s Industry Ministry announced that it…

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Hong Kong- Saudi Arabia Launch Asia’s First Sharia-Complaint ETF 

The Business PinnacleMay 30, 20250208 views

The Premia BOCHK Saudi Arabia Government Sukuk ETF began trading on the Hong Kong Stock Exchange on Thursday.  Hong Kong has yet again proved its prowess in the financial world…

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Netskope Approaches Morgan Stanley To Secure US IPO

The Business PinnacleMay 29, 20250221 views

Netskope had been waiting for the markets to stabilise but given the escalating geopolitical tensions, the expectations that the US IPO would receive strong activity have dropped. In a bid…

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Salesforce To Acquire Informatica For $8 Billion To Boost Its AI-Products

The Business PinnacleMay 28, 20250208 views

Similarly, this new deal with Informatica also highlights Salesforce’s foresight in understanding the potential in the AI market and its eagerness to cash in on this bandwagon. Cloud software company…

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Japan Offers to Help Revive US Shipbuilding, Hoping to Ease Tariff Pain

The Business PinnacleMay 27, 20250218 views

Japan hopes the United States will adopt the technology it created for its advanced icebreaker Shirase and use it for its military ships. Japan has promised to help the United…

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Renault Taps on Shanghai Centre to Produce EVs to Match Up with Chinese Brands

The Business PinnacleMay 26, 20250220 views

Competition from China entering Europe was a wake-up call for Renault. It forced the company to realise that its automotive development approaches can no longer compete on speed or cost.  …

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Top Chinese Drugmaker Makes Successful Debut, raises $6.5 Billion in the Hong Kong IPO

The Business PinnacleMay 23, 20250191 views

Listing in the Hong Kong market was a crucial step for Hengrui, which could now enter the global capital market and fasten its globalisation process. Jiangsu Hengrui Pharmaceuticals, one of…

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