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Bloomberg
Financial

Shein Set to Raise $1.7 Billion in Hong Kong IPO

Shein is on track to raise about HK$13.6 billion ($1.7 billion) in its Hong Kong initial public offering. The company is telling prospective investors it is likely to price the IPO at just above the midpoint of the marketed range, valuing the fast-fashion retailer at just above $26 billion, compared with a roughly $100 billion price tag it commanded four years ago. Anthony Stephens reports on Bloomberg Television.

Leia mais: Shein Set to Raise $1.7 Billion in Hong Kong IPO
Bloomberg
Financial

How Much Hyperscaler Debt Can the Markets Absorb? Top JPMorgan Bond Banker Responds.

Following NVIDIA's earnings, JPMorgan's European Investment Grade Finance Head Matthias Reschke joins Bloomberg's Tom Mackenzie and Anna Edwards on The Opening Trade to discuss the major hyperscalers growing issuance volumes as the AI infrastructure giants race for funding.

Leia mais: How Much Hyperscaler Debt Can the Markets Absorb? Top JPMorgan Bond Banker Responds.
Bloomberg
Financial

Deutsche Bank Says Stakes Are High Amid Risk of US 'Truss Moment'

Ozan Tarman, vice chair of global macro at Deutsche Bank, discusses the outlook for bonds and equities amid concern over US Treasury Secretary Scott Bessent's recent debt-management tactics and ahead of Federal Reserve Chairman Kevin Warsh's speech at the Jackson Hole Economic Symposium. Concern over rising US borrowing costs has led to comparisons with the collapse of former UK Prime Minister Liz Truss' government in 2022, following a disorderly bond-market selloff. Tarman speaks on Bloomberg Television.

Leia mais: Deutsche Bank Says Stakes Are High Amid Risk of US 'Truss Moment'
Bloomberg
Financial

AI Demand Is Squeezing Germany's Data Centers, Minister Says

"The reality is we are running short of compute capacity, that means demand will rise," German Digital Minister Karsten Wildberger tells Bloomberg Television. "Europe needs to wake up and use the talents we have," Wildberger says, adding that German authorities will seek to expedite approval processes for data centers.

Leia mais: AI Demand Is Squeezing Germany's Data Centers, Minister Says
Bloomberg
Financial

China's Spirit AI bets on smarter robot brains

Spirit AI CEO Han Fengtao says robots can already handle office tasks "unimaginable half a year ago," from delivering paper to shredding documents. He told Bloomberg's Minmin Low that "the evolution of the robot brain will get faster and faster," predicting a "ChatGPT moment" within three years. With several hundred units deployed in China, Spirit AI is betting on smarter robot brains to drive large scale adoption across industries and eventual global expansion.

Leia mais: China's Spirit AI bets on smarter robot brains
Bloomberg
Financial

Nvidia's Upbeat Sales Outlook Eases Concerns About AI Economy

Nvidia, the chipmaker at the heart of the artificial intelligence boom, said it forecasts revenue growth of about 70% in fiscal 2028. Analysts had predicted 45%. The upbeat outlook offered relief to investors concerned about a bubble in the AI economy. Bloomberg's Tom Mackenzie has more.

Leia mais: Nvidia's Upbeat Sales Outlook Eases Concerns About AI Economy