Chip design firm Arm seeks up to $52 billion valuation in blockbuster U.S. IPO
Arm was previously dually listed in London and New York, before SoftBank acquired it for $32 billion in 2016.
Bank of Israel says currency intervention will only be necessary ‘if we see market failures’
Bank of Israel Governor Amir Yaron said Tuesday that currency intervention to support the weaker shekel will only be necessary in the event of market failures.
Baidu launches a slew of AI applications after its Ernie chatbot gets public approval
China’s Baidu announced more than 10 new AI-based applications on Tuesday, just days after its ChatGPT-like Ernie bot was released for public use.
OpenAI chief Sam Altman becomes the first to get Indonesia’s ‘Golden Visa’
Indonesia just launched the scheme to attract foreign investment last week.
ASEAN is ‘at a loss for ideas’ on how to address Myanmar crisis, says Indonesia’s ex-foreign minister
ASEAN must adopt a cohesive position on Myanmar’s civil strive and the bloc’s summit is a chance for leaders to “recalibrate,” said Marty Natalegawa.
CNBC Daily Open: Bitcoin’s still struggling to gain acceptance
Bitcoin is up around 55% this year, but is still roughly 62% down from its all-time high.
What is the Black Sea grain deal and why does it matter?
Russian President Vladimir Putin and his Turkish counterpart Recep Tayyip Erdogan meet in Sochi to discuss the next steps for the Black Sea grain deal. CNBC’s Dan Murphy explains why that matters.
India’s G20 presidency risks ringing hollow as Ukraine war dashes hopes of consensus
Prime Minister Narendra Modi has turned the normally sedate rotating presidency of the G20 nations into a branding vehicle to burnish India’s geopolitical importance.
Morgan Stanley says China is ‘overinvested,’ but India’s the opposite
Morgan Stanley’s Jitania Kandhari explained that the “China-plus-one” strategy is benefitting India, which is also seeing a new cycle in real estate.
China’s August services activity slows amid sluggish demand, private survey shows
The Caixin/S&P Global services PMI, dropped to 51.8 in August, the lowest reading since December when Covid-19 confined many consumers to their homes.
