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Real-time News
Germanys seasonally adjusted unemployment figures and unemployment rate for August will be released in ten minutes.On August 28, Foreign Ministry Spokesperson Lin Jian held a regular press conference. It was reported that US President Trump hinted yesterday that the US government might sanction Chinese banks that still maintain business ties with Iran in order to further isolate Iran. How does China respond? Lin Jian stated that regarding the situation in Iran, we have always believed that dialogue and negotiation are the only way to resolve the issue. Chinas position against illegal unilateral sanctions is consistent and clear.The local governor said that industrial facilities in Russias Yaroslavl region were attacked by drones.On August 28th, according to foreign media reports, sources familiar with the matter revealed that SoftBank Group is seeking a $10 billion loan to obtain more funds to refinance the debt it incurred for its investment in US tech giant OpenAI. The two-year loan will have an interest rate spread approximately 275 basis points higher than the benchmark Secured Overnight Financing Rate (SOFR), with Mizuho Bank acting as the designated lead arranger and bookrunner. This loan will be one of a series of recent debt financing activities related to SoftBanks bet on OpenAI. Sources indicated that part of the loan funds may be used to repay a $40 billion bridge loan SoftBank obtained earlier this year for its OpenAI investment. The deadline for loan commitments is August 31st, and several banks have already begun discussions to participate in the loan. SoftBank is also considering raising more funds through the bond market, considering issuing $10 billion to $20 billion in bonds to help refinance the bridge loan, while also planning a record 1 trillion yen retail bond issuance in the Japanese domestic market.French Finance Minister: The hot summer will also have a specific impact on third-quarter GDP.
