U.S. Treasury Secretary Scott Bessent addressed concerns over President Donald Trump’s recent comments about suing his Federal Reserve nominee, Kevin Warsh, if interest rates were not lowered. Bessent clarified that Trump’s statement, made at a Washington dinner, was intended as a joke. The remarks had sparked debate over the president’s respect for the Fed’s independence. […]
Trump’s Fed Rate Jibe: Just a Joke? Read More »
Family-owned Spanish conglomerate Agrolimen has acquired Ollie, a fresh dog food company, according to a statement from Ollie reported by Reuters. Sources familiar with the deal suggest it values the brand at over $600 million. The acquisition is set to bolster Agrolimen’s foothold in the competitive United States pet food market. Ollie, based in New
Agrolimen Acquires Fresh Dog Food Maker Ollie Read More »
Toyota Motor Corporation (7203.T) has announced a surprising change in leadership, replacing CEO Koji Sato with Kenta Kon, the current finance chief. This shift comes at a time when global automakers are navigating a complex and evolving industry landscape. Toyota, the world’s leading car manufacturer by sales, is making this move after Sato’s relatively short
Toyota Announces Surprise CEO Switch Read More »
The global artificial intelligence trade is showing signs of fracturing as investors grow wary of soaring capital expenditure, rising debt levels, and uncertainty about who will ultimately profit from the technology. Markets are now diverging across stocks, sectors, and even regions. The initial surge in anything AI-related following the launch of ChatGPT in November 2022
AI Trade Fractures as Costs Mount Read More »
France has indicated that Lebanon’s recovery remains uncertain despite recent positive developments, including a ceasefire and government transition. French Minister for Europe and Foreign Affairs Jean-Noel Barrot emphasised the need for ongoing reforms during meetings with Lebanese President Joseph Aoun and other officials in Beirut. France is prepared to host a conference in Paris dedicated
France Urges Continued Reforms in Lebanon Read More »
London’s FTSE 100 finished higher on Friday, offsetting losses in the technology sector to close out the week with gains. The blue-chip index ended up 0.6%, marking its second consecutive week of positive performance. Support came as the Bank of England indicated that interest rate cuts could be on the horizon if inflation continues to
FTSE 100 Climbs Amid Tech Sector Wobbles Read More »
Euro zone finance ministers are set to discuss strategies to elevate the euro’s global standing and bolster Europe’s economic security at a meeting on February 16. The discussion will include exploring the issuance of euro-denominated stablecoins and increasing joint EU debt, according to a European Commission paper prepared for the ministers. This initiative arrives amid
Euro Zone Eyes a Stronger Global Role Read More »
Spain’s Santander (SAN.MC) is set to acquire US regional lender Webster Financial (WBS.N) for $12.2 billion, a move that will establish it as one of the top ten retail and commercial banks in the United States. This acquisition marks a significant strategic investment in the US market for Santander, contrasting with the scaling back of
Santander Expands US Presence with Webster Acquisition Read More »
Vontobel (VONN.S) has reported a net profit of 280 million Swiss francs ($361 million) for 2025, marking a 5% increase year-on-year. This figure surpasses the company-provided consensus forecast of 242 million francs. Vontobel is a Swiss bank that offers wealth management, asset management, and investment banking services. The firm focuses on delivering tailored investment solutions
Vontobel’s Profit Surges Past Expectations Read More »
Bitcoin rebounded from a 16-month low on Friday, testing the $60,000 level after a global sell-off in technology stocks triggered a washout of risky bets across various asset classes. The world’s largest cryptocurrency rose 3.3% to $65,198.20, recovering from an earlier 5% drop to $60,008.52. Despite the recovery, Bitcoin remains near its weakest level since
Bitcoin Bounces After Touching 16-Month Low Read More »
