European stock markets started Wednesday’s session with modest gains, as investors carefully navigated a complex and often contradictory global trade landscape. While fresh tariff threats from US President Donald Trump have kept markets on edge, the absence of new duties on the European Union is fueling hopes that a transatlantic…
Starbucks is exploring a potential partial sale of its China operations, with offers from global and Asia-based private equity firms valuing the business at up to $10 billion, CNBC reported Wednesday, citing people familiar with the matter. The move comes as the US coffee giant struggles to retain its footing…
Shares of Vedanta Ltd plunged as much as 8% intraday on July 9, before paring some losses, after US-based short seller Viceroy Research issued a scathing report on its parent Vedanta Resources. The note called the group “financially unsustainable, operationally compromised, and resembling a Ponzi scheme.”At the time of writing,…
Shares in French-Italian eyewear giant EssilorLuxottica jumped more than 5% to €251.70 on Tuesday after reports emerged that Meta Platforms had acquired a nearly 3% stake in the company, worth approximately €3 billion ($3.5 billion). If gains hold, it would mark EssilorLuxottica’s best trading day since mid-February.According to sources cited…
Cryptocurrencies performed well on Wednesday, with Bitcoin steady despite the new tariff wave. Eigen Labs’ native token has turned bullish amidst the optimism, possibly driven by the latest ecosystem announcement.According to Blockworks, EigenLayer’s team has reduced its workforce by laying off roughly 25% of the staff, 29 employees. The move…
Billionaire Mukesh Ambani-led Reliance Jio Platforms has opted to postpone its highly anticipated initial public offering (IPO), shelving plans for a 2025 listing.According to people close to the matter, the company has hit pause on what many had anticipated would be India’s biggest-ever stock market debut, a surprising turn in…
Asian markets ended mixed on Wednesday after US President Donald Trump escalated trade tensions with steep new tariffs targeting copper, semiconductors, and pharmaceutical products. Meanwhile, deflationary pressures in China’s industrial sector raised fresh concerns about the country’s economic outlook.Hong Kong and China stocks under pressureChinese markets slipped after the release…
The race to attract and keep young talent in the financial world is getting more intense than ever. In response, major investment banks like Goldman Sachs are rolling out bold new strategies to hold onto their junior staff. With private equity firms and buyout groups actively poaching fresh analysts, banks…
Earlier this year, Japanese Prime Minister Shigeru Ishiba traveled to Washington with a bold offer. He was aware about President Donald Trump’s frustration over the imbalance in US-Japan trade relations and offered to boost Japan’s cumulative investment in the United States to $1 trillion. It was more than a symbolic…
Goldman Sachs shares fell nearly 0.5% in pre-market trading on Tuesday after HSBC downgraded the investment bank’s stock from “Hold” to “Reduce,” citing concerns that its strong performance has already been fully priced in.The move came even as HSBC raised its price target for the stock from $558 to $627.Goldman’s…