Lazard Q2 Profit Plunges 91% as Advisory Revenue Weakens
Investment bank Lazard reported a sharp 91% decline in second-quarter profit, as a significantly higher tax rate and weaker performance in its financial advisory business weighed on earnings. Net income dropped to $5 million,...
EU Challenges JD.com’s Ceconomy Takeover Over Foreign Subsidy Concerns
The European Commission on Wednesday issued a formal statement of objections to Chinese e-commerce giant JD.com regarding its proposed acquisition of German electronics retailer Ceconomy, intensifying its investigation into the deal under the EU’s...
Canadian Stock Futures Rise as Falling Oil Prices Boost Market Sentiment
Canadian stock index futures moved higher on Monday, tracking gains across global equity markets as declining oil prices eased inflation concerns and improved investor confidence. Futures linked to the S&P/TSX Composite Index rose 0.2%...
$300 Billion Private Fund Proposed to Drive Iran Reconstruction and Investment
A proposed $300 billion private-sector investment fund aimed at accelerating reconstruction and economic development in Iran has emerged as a key component of the recently agreed U.S.-Iran framework deal. According to sources familiar with...
U.S., Mexico Resume USMCA Talks as Trump Questions Trade Pact’s Future
U.S. and Mexican negotiators began a second round of talks in Washington on Tuesday aimed at revising the United States-Mexico-Canada Agreement (USMCA), with discussions focusing on agriculture and energy. The negotiations come amid uncertainty...