Deals & Capital Markets 10 hours ago
People familiar with the matter said executives running Oatly Group AB’s China operations are considering buying the company’s Greater China business, with discussions aimed at completing a deal as soon as this year, though no agreement is assured. Oatly has said it is evaluating options for the China business, including a potential separation. Greater China revenue fell 2.1% year over year to $29.3 million last quarter, driven by weaker foodservice sales.
Markets 10 hours ago
South Korea’s Kospi rose 8.2% to 8,096.93, reversing most of the prior session’s losses. The benchmark had fallen 8.3% to 7,484.41 in its largest one-day drop since March 4. The rebound was led by memory-chip shares, including major domestic semiconductor companies, after a tech selloff tied to AI-related trading.
Finance & Banking 10 hours ago
UBS Group AG has reduced its Asia sustainability office from seven employees to three in recent months as part of a broader restructuring. The bank has cut its global sustainability workforce by nearly 65% and has almost fully removed its dedicated ESG data team, while shifting sustainability responsibilities into business divisions.
Central Banks & Policy 10 hours ago
The Reserve Bank of India introduced a US dollar-rupee forex swap facility on June 8, letting eligible banks swap dollars at the FBIL reference rate and reverse at 1.5% per year, up to five years. It applies to PSU external commercial borrowings, banks’ overseas foreign currency borrowings, and certain FCNR-B deposits raised within specified windows.
Markets 11 hours ago
South Korean authorities said they are preparing inspections targeting foreign-exchange transactions they view as disruptive, including activity in non-deliverable forwards that officials say has recently added to won volatility. The government plans to start with document-based checks and escalate to on-site inspections if irregularities are identified, with enforcement actions to follow.
Deals & Capital Markets 11 hours ago
Anthropic said it has completed a $35 billion private credit financing led by Apollo Global Management and Blackstone. The company described the transaction as among the largest private credit deals. The debt package is structured in three tranches, including a $6 billion Senior A1 tranche and a $24 billion A2 tranche.
Central Banks & Policy 11 hours ago
Bank Indonesia raised its benchmark BI Rate by 25 basis points to 5.50% at an off-cycle meeting, citing a larger-than-expected rupiah decline since the last policy decision. The central bank said the move aimed to stabilize the exchange rate amid global volatility, attract foreign capital inflows, and help keep inflation within its target range.
Deals & Capital Markets 11 hours ago
OpenAI said it has confidentially filed a draft S-1 registration statement with the U.S. SEC for a potential initial public offering. The company did not disclose deal size or terms and said it has not set a timetable. It said the filing preserves flexibility while it remains focused on building AI products.
Geopolitics & Trade 11 hours ago
Chinese President Xi Jinping arrived in North Korea for a rare visit to Pyongyang and met leader Kim Jong Un. Official readouts said both leaders reaffirmed plans to deepen cooperation and strengthen strategic ties, including safeguarding shared interests and sovereignty and security. The statements did not reference North Korea’s nuclear program.
Central Banks & Policy 11 hours ago
A U.S. District Court judge in Massachusetts vacated a $100,000 fee for new H-1B visa petitions set by a September 2025 proclamation. The ruling said the payment functioned as a tax without congressional authorization and cannot be enforced. The court granted summary judgment in a lawsuit brought by New York’s attorney general and other states.
Geopolitics & Trade 11 hours ago
The U.S. Defense Department on Monday published an updated list of companies it identifies as Chinese military companies, including Alibaba, Baidu and BYD. The update replaces an earlier list from early 2025. Placement on the list can restrict access to U.S. defense contracts and related procurement activities.
Central Banks & Policy 11 hours ago
Bank Indonesia raised its benchmark rate by 25 basis points to 5.50% in an unexpected off-cycle move after the rupiah weakened more than anticipated and hit 18,190 per U.S. dollar. The central bank set the deposit facility at 4.50% and the lending facility at 6.25%, and announced measures aimed at supporting the currency and foreign inflows.
Deals & Capital Markets 11 hours ago
GSK said it has agreed to buy Nuvalent for $10.6 billion, launching a tender offer at $124 per share in cash. Net of cash acquired, GSK estimates the aggregate investment at about $9.4 billion. The transaction includes three lung cancer programs, including zidesamtinib and neladalkib under regulatory review.
Geopolitics & Trade a day ago
India’s Ministry of External Affairs said renewed hostilities in West Asia, including between Iran and Israel, have raised international concern. India called on all parties to de-escalate immediately, protect civilians, and return to diplomatic engagement. The statement cited continuing humanitarian and economic costs linked to the conflict.
