The Washington-Hanoi trade deal and rising confidence in US jobs data lifted global markets to record highs, while calm returned to UK bond markets. Meanwhile, Japan’s steel giant is set to raise loans from top domestic banks to support its $14.9B U.S. Steel acquisition.
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THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
    Wall_Street_Sign_(1-9)_Vlad Lazarenko

    PHOTO: VLAD LAZARENKO

     Stocks hit record highs as US trade deal and jobs data lift markets

    Global equities climbed to new peaks, supported by optimism over upcoming employment figures and easing concerns in British debt markets, as an agreement between the US and Vietnam added to the momentum. Read the full story

      Nippon Steel to raise $5.6B to fund USS deal

      Japan’s biggest steelmaker is aiming to secure two subordinated loans from three major Japanese banks to partially fund its recent $14.9 billion acquisition of U.S. Steel, as well as refinance existing debt. Read here

      PHOTO:USS

      US Steel USS 300

      Gold Reserve’s $7.4B bid for Citgo parent wins nod

      The Washington-headquartered arbitral claims manager said that the Delaware court officer overseeing the auction for PDV Holdings, the parent of the Venezuela-owned US refiner, recommended its bid. Read here

      PHOTO: CITGO

      CITGO 300

      NEWS WORTH NOTING

      Chip design firms climb as US lifts China export curbs

      Shares of Synopsys and Cadence Design Systems jumped in premarket trading after the United States lifted export restrictions on chip design software to China, signaling a thaw in trade tensions between the two economies. Read here

      PHOTO: XB 100

      Microchip chip semiconductor 300 XB100

      NEWS WORTH NOTING

      NEWS WORTH NOTING

      DEALS ROUNDUP

      • Starboard Value buys stake in online travel firm Tripadvisor
      • AI startup Lovable on track to raise $150M at $2B valuation
      • Terra CO2 raises additional $124.5M in Series B funding
      • Genesis AI secures $105M in funding led by Eclipse, Khosla
      • Savvy Wealth lands $72 in Series B round to expand reach
      • Syntis Bio completes $38M Series A financing round
      • Field Medical closes $35M Series B fund for clinical trials

        INTERNATIONAL MARKETS

        Viterra-Bunge $8.2B merger to form agribusiness giant

        The Swiss food-processing company announces its successful combination with its Dutch peer, forming what they anticipate will be a global food, feed, and fuel leader. Read here

        BlackRock mulls selling stake in Saudi Aramco gas

        The global asset manager is in talks with the Arabian energy company to divest its share in the leasing rights of a natural gas pipeline network back to the state oil major. Read here

        Santander bets on scaling in Britain with $3.6B TSB deal

        The Spanish bank's bid marks a swift strategic shift. Read here 

          Airbus to sell more A330neo jets to Malaysia Airlines

          The European company is finalizing the order for long-haul planes. Read here 

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