Bain Capital, GIC Explore $3.2 Billion Sale or IPO of Japan’s WHI
Bain Capital and Singapore’s sovereign wealth fund GIC are exploring an initial public offering or sale of Japanese human resources software company WHI Holdings at a valuation of at least 500 billion yen ($3.2...
American Express Expands Global Card Acceptance to Over 190 Million Merchant Locations
American Express said on Monday that its cards can now be used at more than 190 million merchant locations worldwide, with acceptance outside the United States more than doubling over the past four years....
Asian Stocks Slide as Yen Surges and Iran Tensions Lift Oil Prices
Asian stocks fell on Tuesday as a sharp surge in the yen, mixed economic data and rising geopolitical tensions weighed on investor sentiment. The yen climbed as much as 1% to 152.89 per dollar,...
Yen Extends Gains as Traders Price In Faster BOJ Rate Hikes
The yen extended its gains on Thursday after a sharp rally in the previous session, reaching 157.545 per dollar in Asian trading, its strongest level in nearly a month. The currency rose 0.9% overnight,...
U.S. Stock Futures Steady as Investors Weigh Inflation and Middle East Tensions
U.S. stock index futures were largely steady on Wednesday after a technology-led selloff rattled Wall Street in the previous session, as investors assessed the inflation outlook and rising geopolitical tensions in the Middle East....
BP Plans Major Workforce Reduction Amid Restructuring Drive
BP is planning to cut around 700 positions from its non-frontline global workforce as part of a broader effort to streamline operations and improve profitability, according to an internal email reviewed by Reuters. The...
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...