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SoftBank Rallies 21 New Lenders for $40 Billion OpenAI Bridge Loan

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🚨 🇯🇵 SoftBank Group Corp.’s $40 billion bridge loan for its investment in US tech giant OpenAI has attracted a new group of 21 lenders in a broader syndication phase. The group, which adds to the number of financial institutions already on the deal, has been allocated around $7 billion of the facility in total. The 12-month loan, signed in March, is one of the largest-ever bridge financings in the Asia-Pacific

MAS Tightens Again as Middle East Tensions Fuel Inflation Fears

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🚨 🇸🇬 Singapore’s central bank tightened policy further on Monday, bracing for expected inflationary pressures as renewed tensions in the Middle East threaten to keep energy prices elevated. The Monetary Authority of Singapore, raised the rate of appreciation of its policy band “very slightly,” it said. It left the width and center unchanged. The Singapore dollar was up 0.15% to 1.2886 versus the greenback following the announcement