Lenovo and Ericsson Resolve Longstanding Patent Dispute

Asian equity markets tumbled in early trading on Friday, led by a sharp selloff in U.S. futures, following reports that Israel carried out a military strike on Iran. The sudden escalation sent oil prices surging and triggered a wave of risk aversion among investors, pushing capital into traditional safe havens like gold and the Swiss...

Zhejiang Sanhua Intelligent Controls Co., Ltd. (SZSE: 002050), a major Chinese supplier of advanced thermal management systems, has announced plans to raise up to HK$8.12 billion (approximately $1.03 billion) through an initial public offering in Hong Kong. The company intends to offer 360.3 million H-shares at a maximum price of HK$22.53 per share, according to...

Malaysian home appliance manufacturer Cuckoo International has revised the pricing of its initial public offering (IPO), lowering it by 16.3% from MYR 1.29 to MYR 1.08 per share. The decision comes amid persistent global market volatility and cautious investor sentiment toward new listings in emerging markets. This adjustment reduces the total amount expected to be...

The World Bank has lowered its global GDP growth forecast for 2025 to 2.3%, a 0.4 percentage point downgrade from its previous estimate. The revision was released Tuesday in the Bank’s Global Economic Prospects report and reflects mounting concerns over protectionist trade policies, rising tariffs, and increased geopolitical volatility. The downgrade affects nearly 70% of...

Raymond Realty, the recently demerged real estate unit of India’s well-known conglomerate Raymond Ltd. (NSE: RYMD.NS), is preparing for its initial public offering (IPO) in early July 2025. The listing marks a significant step in the group’s ongoing corporate restructuring, aimed at streamlining operations and unlocking shareholder value. Once public, Raymond Realty will become the...

India’s securities regulator, the Securities and Exchange Board of India (SEBI), has launched a sweeping investigation into global quantitative trading powerhouse Jane Street Group over concerns that the firm may have attempted to manipulate benchmark equity indices through derivatives trading. The probe, which spans a three-year period, is the most significant regulatory inquiry involving a...

Social platform X (formerly Twitter), owned by Elon Musk, has announced a strategic partnership with Polymarket, the world’s leading decentralized prediction market. This marks a groundbreaking collaboration between a mainstream social network and a blockchain-based platform, signaling a shift in how real-time sentiment and crowd-based probabilities could influence the global information ecosystem. Polymarket, built on...

Oversea-Chinese Banking Corporation (OCBC.SI), Singapore’s second-largest bank by assets, has initiated a full buyout of Great Eastern Holdings (GELA.SI), a leading regional insurer. The move includes plans to delist Great Eastern from the Singapore Exchange (SGX), signaling a significant restructuring of financial operations within the OCBC Group and a broader shift in the Southeast Asian...

On June 5, 2025, the Czech Republic took a major step toward long-term energy security by finalizing a landmark $18 billion contract with South Korea’s Korea Hydro & Nuclear Power (KHNP). The deal, now cleared by the country’s Supreme Court after previously facing legal obstacles, involves building two new nuclear reactors at the Dukovany Nuclear...