Chinese AI server leader xFusion hires investment bank in first step towards listing

Chinese AI server leader xFusion hires investment bank in first step towards listing

The Chinese authorities have fast-tracked IPOs in the AI and chipmaking sectors due to US’ curbs on high-tech exports [SHANGHAI] China’s leading artificial intelligence (AI) server provider xFusion has hired a Chinese full-service investment bank, to prepare for an initial public offering (IPO), regulatory disclosure showed. The Henan province-based company signed an agreement with Citic Securities…

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Marlon Humphrey’s three-word response to John Harbaugh firing

Marlon Humphrey’s three-word response to John Harbaugh firing

John Harbaugh clearly left his mark on the Ravens. Star cornerback Marlon Humphrey had a short and sweet statement for his now-former coach as Harbaugh and the Ravens announced they were parting ways Tuesday. “John Harbaugh. A good man,” Humphrey said in a post on social media. Marlon Humphrey became a star under John Harbaugh’s…

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Chinese refiners expected to replace Venezuelan oil with Iranian crude

Chinese refiners expected to replace Venezuelan oil with Iranian crude

Analysts say the Venezuela drama hits ‘teapots’ the hardest, and do not foresee them bidding up for unsanctioned barrels [SINGAPORE] Chinese independent refiners are expected to switch to heavy crude from sources including Iran in coming months, to replace Venezuelan shipments halted since the US removed the country’s president, traders and analysts said. Caracas and…

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Browns request interview for John Harbaugh assistant after Ravens coach’s shock firing

Browns request interview for John Harbaugh assistant after Ravens coach’s shock firing

Cleveland is once again interested in an offensive-minded running the show. Just one day after the Browns fired their offensive guru head coach Kevin Stefanski, the team requested to interview Ravens offensive coordinator Todd Monken, according to NFL Network. Monken, who joined the just-fired John Harbaugh’s staff for the 2023 season, was previously the Browns’…

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iFast’s proposed acquisition of Financial Alliance stake could be more exciting than it looks

iFast’s proposed acquisition of Financial Alliance stake could be more exciting than it looks

The relatively modest investment could burnish the growth strategy of iFast, which is on track for a multi-year growth trajectory [SINGAPORE] When digital banking and wealth-management platform iFast Corporation announced after market close on Monday (Jan 5) its plan to acquire a 30 per cent stake in Financial Alliance Corporation (FA Corp), it barely registered…

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Frasers Centrepoint Trust secures S$400 million green loan facility

Frasers Centrepoint Trust secures S0 million green loan facility

This involves term loan and revolving credit facilities from DBS, OCBC and Maybank [SINGAPORE] Frasers Centrepoint Trust (FCT) has entered into a S$400 million green loan facility, the trust’s manager announced in a bourse filing on Wednesday (Jan 7). The facility involves a green term loan and revolving credit facilities, in an agreement between the…

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Oil falls after Trump says Venezuela will supply to US

Oil falls after Trump says Venezuela will supply to US

[LONDON] Oil prices fell on Wednesday (Jan 7) after President Donald Trump said the United States had reached a deal to import up to US$2 billion worth of Venezuelan crude, a move that is expected to increase supplies to the world’s largest oil consumer. Brent crude futures fell US$0.11 to US$60.59 a barrel by 11.04…

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