exceed .4 billion, Norinchukin invest

exceed $2.4 billion, Norinchukin invest

The Otemachi One Tower building in Tokyo, Japan. Bloomberg | Bloomberg | Getty Images The offering size in the initial public offering of SBI Shinsei Bank could exceed 360 billion yen ($2.39 billion), including overallotment, with Norinchukin planning to buy shares, according to two sources familiar with the matter. The IPO of SBI Shinsei Bank, a unit of SBI Holdings, will include the sale of new and existing shares and is due to launch as soon as today, the sources said. Reuters…

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Soaring electricity prices fuel backlash against AI data centers

Soaring electricity prices fuel backlash against AI data centers

A power substation near the LC1 CloudHQ data center in Ashburn, Virginia, on March 27, 2024. Nathan Howard | Bloomberg | Getty Images Voter anger at surging electricity prices is fueling political backlash against the artificial intelligence industry’s data centers, with Democrats accusing the Trump administration of failing to address the issue as they zero…

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Howard Marks highlights credit ‘carelessness’ but says issues are not systemic

Howard Marks highlights credit ‘carelessness’ but says issues are not systemic

Howard Marks, co-founder of Oaktree Capital Group, at the Qatar Economic Forum (QEF) in Doha, Qatar, on Wednesday, May 21, 2025. Bloomberg | Bloomberg | Getty Images Veteran investor Howard Marks has warned that cracks unearthed in the credit market demonstrate investor “complacency” and “carelessness” — but stopped short of calling the turmoil a broader…

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