Former US President Donald Trump has stated that American cattle ranchers are benefiting from tariffs imposed on imported cattle but need to reduce prices to encourage domestic beef consumption. Trump’s remarks follow earlier suggestions that his administration was considering importing Argentine beef to alleviate record-high consumer beef prices, a proposal that drew criticism from US […]
Trump Urges Cattle Ranchers to Lower Prices Read More »
Prediction market Kalshi is reportedly attracting funding offers from venture capital investors that could value the startup at over $US10 billion ($15 billion). This heightened interest comes just weeks after Kalshi announced a $US300 million funding round, which had already set the company’s valuation at $US5 billion. Sources familiar with the matter, who requested anonymity,
Kalshi Attracts Funding at $15 Billion Valuation Read More »
South32 has announced a planned leadership transition, with current chair Karen Wood set to retire from the board in February 2026. Director Stephen Pearce will succeed her, assuming the role as part of the company’s long-term strategy. South32 is a diversified mining and metals company producing bauxite, alumina, aluminium, energy and metallurgical coal, manganese, nickel,
South32 Announces Chair Transition for 2026 Read More »
Private equity firm Advent International has appointed Maxine Brenner as an operating partner, significantly expanding its senior leadership presence in the Australia and New Zealand region. Brenner will collaborate closely with Advent’s investment teams and executives at portfolio companies to enhance operational performance and drive the creation of long-term value. Private equity firms like Advent
Advent Appoints Maxine Brenner as Operating Partner Read More »
Rio Tinto is reportedly exploring an asset-for-equity swap with Aluminium Corporation of China Limited (Chinalco) that could reduce the Chinese investor’s 11% stake in the company. The proposed deal could free up Rio to resume share buybacks and pursue strategic mergers and acquisitions. Sources familiar with the matter told Reuters that Chinalco would exchange part
Rio Tinto Explores Asset-for-Equity Swap Read More »
European Central Bank (ECB) President Christine Lagarde has voiced her support for German Chancellor Friederich Merz’s proposal to establish a single European stock exchange. Lagarde believes this unified exchange would bolster European listings and stimulate economic growth across the Eurozone. Her endorsement came during a conference where she emphasised the need for decisive action to
Lagarde Supports Unified European Stock Exchange Read More »
U.S. loan funds are experiencing substantial outflows this month amid concerns regarding the bankruptcy of First Brands Group. The situation has triggered worries about opaque financing practices and the strength of underwriting standards within the private credit market. Loan exchange-traded funds (ETFs), which invest in syndicated loans frequently packaged into collateralized loan obligations (CLOs), recorded
US Loan Funds Experience Significant Outflows Read More »
Bank of England Deputy Governor Sam Woods has rejected calls from the banking industry to further relax rules on bank leverage, despite pressure to reduce regulatory burdens. The British government is seeking to soften finance industry regulations to boost economic growth and better compete with the U.S. Woods, who also heads the UK’s Prudential Regulation
Bank of England Holds Firm on Bank Leverage Read More »
Spending on new data centres in the UK is projected to reach £10 billion annually by 2029, according to analysis by Barbour ABI, a construction data firm. This represents a significant increase from the £1.75 billion spent in the previous year and the £2.38 billion forecast for 2025. The growth is primarily driven by the
UK Data Centre Spending to Surge Read More »
