The International Monetary Fund (IMF) is urging China to tackle what it calls deepening economic “imbalances,” warning that a country of 1.4 billion people is now too large to lean on exports as its main engine of growth. After the Fund’s annual review of the Chinese economy, IMF Managing Director Kristalina Georgieva said Beijing’s record trade surplus and subdued domestic…

Global private equity firm Advent International has ended advanced talks to buy a major stake in Whirlpool of India, after negotiations with Whirlpool Corp broke down over price, according to people familiar with the matter. The deal under discussion was valued at about $1 billion and would have given Advent control of the Indian home-appliance maker. Sources said Advent pushed…

Visa has announced plans to begin operations in Syria after reaching an agreement with the country’s central bank on a roadmap to build a nationwide digital payments infrastructure. In a statement released on Thursday, the global card network said the accord sets out steps to introduce electronic payments in a market that has been largely cut off from international finance…

Starbucks has agreed to pay about $35 million to more than 15,000 current and former workers in New York City, resolving a multi-year investigation into claims that the company violated the city’s Fair Workweek scheduling rules. City officials said the deal is one of the largest worker-protection settlements in the city’s history and follows allegations that baristas were routinely denied…

Thanks to the AI Boom, early investors in Big Tech stocks like Nvidia (NVDA) became millionaires overnight. While growth will still occur, the likelihood for a similarly massive short term upside in those stocks has passed. As keen investors look for the next big win, a new investment opportunity has emerged in AI’s biggest challenge: Power. To satisfy the skyrocketing…

E-commerce groups Amazon and Flipkart are stepping up their move into Indian financial services with new lending plans aimed at consumers and small businesses, sharpening competition with the country’s traditional banks. Their push comes as India’s consumer loan market has almost tripled in five years to around $212 billion, underscoring the rapid growth of digital credit in one of the…