(Reuters) -AI heavyweight OpenAI is discussing raising $6.5 billion at a valuation of $150 billion, Bloomberg News reported on Wednesday.
The company is also in talks to raise $5 billion in debt from banks in the form of a revolving credit facility, the report said.
OpenAI did not immediately respond to a Reuters request for comment.
Euroclear and Clearstream announced that they are set to modernise the Eurobond market by enabling dematerialised issuance from early 2026, eliminating the need for paper certificates in the world’s third-largest debt market. Eurobonds, valued at more than €14 trillion, support a diverse range of issuers and investors across 130 countries. The two International Central Securities…
The Swiss franc is higher for a third straight trading day. In the European session, USD/CHF is currently trading at 0.9038, down 0.09% on the day. Soft CPI cements SNB rate cut Switzerland’s inflation rate continues to fall and that is raising concerns at the Swiss National Bank. Other central banks are worried about the…
An event to look out for today: 15:30 GMT+3. USD – Change in personal income/expenditures GBPUSD: The GBP/USD pair is rising near 1.2720 in the early Asian session on Friday. The US Dollar Index (DXY) is under selling pressure, which provides some support to the major pair. Investors will be keeping a close eye on…
The foreign exchange market, also known as forex, is a dynamic and ever-evolving landscape. Success in this arena hinges on making informed decisions based on a confluence of factors. While technical analysis plays a crucial role, having the right tools to effectively dissect market data is equally important. This is where…
USD/CHF stayed in range below 0.8333 last week and outlook is unchanged. Initial bias remains neutral this week first. On the upside, above 0.8333 will resume the rebound from 0.8038. However, upside should be limited by 38.2% retracement of 0.9200 to 0.8038 at 0.8482. On the downside, below 0.8196 minor support will bring retest of…
End-of-month flows and a lack of fresh catalysts helped push AUD/USD back up from its November lows. We’ve spotted a potential resistance zone that might kickstart another downswing for the comdoll pair! Here’s what we’re looking at in the 4-hour time frame: AUD/USD 4-hour Forex Chart by TradingView Major U.S. dollar counterparts like the Aussie…