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…
China’s leading artificial intelligence server supplier xFusion has taken an early procedural step toward a potential stock-market debut, hiring Citic Securities to run a pre-IPO “tutoring” program for its executives, according to a regulatory disclosure. The Henan-based company signed the agreement on Dec. 31, 2025, and the tutoring period is scheduled to run from January to April or May, a…
The Swiss Federal Council on January 5, 2026 ordered an immediate freeze of any assets held in Switzerland by Nicolás Maduro and other people associated with him. Swiss authorities said the move is intended to prevent an outflow of assets at a time when events in Venezuela are evolving rapidly. According to the government, the freeze is a precautionary step…
Citigroup said its board has approved the sale of its Russian subsidiary, AO Citibank, to Renaissance Capital, a Moscow-based investment bank, as the U.S. lender continues to unwind its remaining exposure in the country. The plan was disclosed in an SEC filing and a separate company statement dated December 29, 2025, with Citi indicating the transaction is expected to close…
Federal Reserve Governor Stephen Miran said he expects to remain on the U.S. central bank’s Board of Governors after his term expires if the U.S. Senate has not confirmed a replacement. In an interview on Bloomberg Television, Miran said that if no one is confirmed to take his seat by January 31, 2026, he assumes he will stay. The stance…
Morgan Stanley is increasingly viewed as the leading candidate to win the coveted “lead-left” role on a potential SpaceX initial public offering, according to people familiar with the discussions. A formal selection process is still in progress, and no final decision has been made, the sources said. A small group of major banks is taking part in the so-called “bake-off,”…
The Bank of England lowered its benchmark Bank Rate by 0.25 percentage point on Thursday, Dec. 18, 2025, taking it from 4% to 3.75%. The decision was the first reduction in roughly four months, following a period in which policymakers had kept borrowing costs unchanged after a cut in August 2025. The rate is now at its lowest level since…
