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17/09/2026
Market news: Apollo considers raising a $9 billion loan to SoftBank for investment in OpenAI.
Latest
7 m ago
Hong Kong Stock Movement | Eastroc Beverage (09980.HK) fell nearly 4% to a new low, Q2 performance growth slowed, market concerns about the impact of subsequent PET packaging material costs
7 m ago
HK Stock Movement | CiDi (03881.HK) Surges Over 5% in Afternoon Session; CiDi's Electric Autonomous Mining Trucks Delivered in Batch to Chuanshan Mining
8 m ago
Rate hike finally lands! Fed tightening cycle may restart, global markets may face chain shocks.
13 m ago
Russia launched overnight air strikes on Ukraine, while Ukrainian drones attacked one of Russia's largest oil refineries, the latest sign that the two sides have not agreed to an energy ceasefire as claimed by Trump. Ukraine's air force said Russia fired missiles and 157 drones, mainly targeting the Kyiv, Zaporizhzhia and Odesa regions. Ukraine said air defences downed 131 targets but did not say whether any missiles were intercepted. Kyiv mayor Vitali Klitschko said at least 16 people were injured in Kyiv, with water supplies cut off in the eastern part of the capital. Local authorities said six people were injured in the Black Sea city of Odesa, with buildings and infrastructure damaged. Although both Moscow and Kyiv said they welcomed a potential energy ceasefire, both made clear that no agreement had been reached to stop the attacks. The Yaroslavl refinery is the second Russian refinery to be hit since then. The plant is intended to supply fuel to Moscow and the surrounding region, and has previously been the target of Ukrainian drone attacks multiple times, most recently at the end of August.
23 m ago
Apollo Global Management is in talks with SoftBank Group to increase a loan from $5.4 billion to $9 billion to help the Japanese company ramp up its bet on AI giant OpenAI. The financing, backed by the assets of SoftBank's Vision Fund II, has not been finalized, people familiar with the matter said. Apollo issued a so-called net asset value loan to the SoftBank venture fund in 2021 and increased it by $900 million last year to $5.4 billion. NAV loans are backed by the assets of a fund and offer private capital firms a way to raise cash. SoftBank has become one of the world's biggest AI investors, drawing scrutiny over the various borrowings that fund that push. Credit default swaps on its debt rose to a three-year high this week as concerns grow over AI safety.
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