European Central Bank officials have urged policymakers to remain cautious when adjusting interest rates, as geopolitical tensions linked to the war in Iran continue to shape the economic outlook across the euro area. The warning reflects mounting uncertainty about how rising energy costs could influence inflation and growth in the coming months. ECB Vice-President Luis de Guindos emphasized the importance…
Fast-fashion powerhouse Shein has pivoted its stock-market debut to Hong Kong after regulators in Beijing withheld approval for a planned London listing. The Singapore-headquartered retailer, valued privately at about US-$60 billion, hopes the move will unlock a broader pool of Asian capital while sidestepping the turbulence it encountered in Western venues. Before looking to London, Shein had flirted with Wall…
Morgan Stanley has begun sounding out investors on a US $5 billion financing package for Elon Musk’s artificial-intelligence start-up xAI. Two structures are on offer: a floating-rate term loan B sold at 97 cents on the dollar and priced at SOFR + 700 basis points, and an alternative mix of a smaller term loan plus senior secured notes paying a…
Texas and 12 other Republican-led states accuse BlackRock, Vanguard and State Street of using their collective market power, and their public commitment to curb climate risks, to pressure coal producers into shrinking output, allegedly driving up electricity bills and violating U.S. antitrust law. The suit, filed in a federal court in Texas, contends that the three asset-management giants coordinated through…
Goldman Sachs, one of the world’s largest investment banks, has moved quickly to reduce its risk exposure following the latest round of U.S. tariff increases. The decision, announced shortly after President Donald Trump unveiled a series of new tariffs against major U.S. trading partners, reflects the bank’s cautious approach in the face of rising economic uncertainty. President John Waldron, who…
Klarna, the Swedish fintech giant best known for its “buy now, pay later” (BNPL) services, has launched a new debit card in the United States as part of a strategy to broaden its product portfolio and appeal to a wider consumer base. This major move marks Klarna’s ambition to evolve from a pure BNPL provider into a more comprehensive financial…
Japan’s Dai-ichi Life Holdings has taken a significant step in expanding its global reach by purchasing a 15% stake in M&G plc, a leading British financial services firm. The acquisition, valued at just under $1 billion, is one of the largest investments by a Japanese insurer in a UK asset manager and signals growing cross-border cooperation in the sector. Dai-ichi…
