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SoftBank Doubles Down on OpenAI; Reportedly Plans to Issue Over $11 Billion in Bonds

Citing people familiar with the matter, Bloomberg reported that SoftBank Group plans to issue over $11 billion in non-investment-grade bonds to raise funds for increasing its investment in OpenAI; if fully executed, the deal could set a record for this type of bond issuance by a single company. Sources revealed that SoftBank plans to issue […]

Japan begins a three-day holiday on the 21st, with stock markets closed; the yen exchange rate faces potential sharp volatility

The Japanese yen faces the risk of significant volatility and further depreciation this week. Japan is observing a three-day holiday period from Monday (the 21st) through Wednesday, resulting in the closure of the Japanese stock market and expectedly lower liquidity in the foreign exchange market. Additionally, investor disappointment over the Bank of Japan’s (BOJ) failure […]

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