French pharmaceutical company Sanofi has initiated discussions with investment firm Clayton Dubilier & Rice (CD&R) regarding the potential sale of a 50% ownership stake in its Opella division, which specializes in manufacturing over-the-counter medications and nutritional supplements. As per a...

According to data from research firm CINNO, Huawei smartphones outsold iPhones in mainland China in August for the first time in 46 months, as reported by the South China Morning Post. Analysts observe that Huawei's sales are being boosted by strong demand for their flagship Mate and Pura series,...

The UK government's ownership in NatWest (formerly known as Royal Bank of Scotland) has been decreased from 16.92% to 15.99% through the sale of shares. The press service of the Ministry of Finance reported that 76.5 million shares of the bank were sold on October 7. Currently, the government...

South Korean company Hyundai plans to raise as much as $3.3 billion through the initial public offering of its Indian unit, according to sources cited by Bloomberg. According to the agency, this listing has the potential to be the biggest ever in India's history. According to sources from the...

The U.S. exchange-traded funds (ETFs) that focus on dividend-paying stocks have experienced a wave of investor interest following the Federal Reserve's recent interest rate cuts. With the Fed's monetary policy shift, many investors are seeking income-generating investments, leading to a surge in...

OpenAI, a company in the United States that created ChatGPT, announced that it has obtained a $4 billion revolving credit facility. U.S. JPMorgan Chase & Co., Citigroup Inc., Goldman Sachs Group, Morgan Stanley, Wells Fargo, Spain's Santander, Japan's Sumitomo Mitsui Banking Corporation (SMBC),...

TotalEnergies and Apache Corp from the US are set to jointly invest $10 billion in oil production off the coast of Suriname, as announced by Total. The GranMorgu project is expected to begin production around mid-2028, with an output of approximately 220 thousand barrels per day, according to...

In its fiscal first quarter, the US sports equipment manufacturer Nike Inc. decreased its net income by 28% and lowered revenue by 10%, surpassing market predictions for net income while falling short of analysts' expectations for revenue. According to the company’s press release, the net income...

OpenAI, the company behind the widely popular ChatGPT, expects to incur approximately $5 billion in losses this year on $3.7 billion in revenue, according to recent reports. While the company has experienced explosive growth in revenue, with an increase of 1,700% since the beginning of 2023, the...