The chairman of a US congressional committee on China is calling on Bank of America (BOA) and JPMorgan Chase to withdraw from working on the Hong Kong first-time share sale of battery maker Contemporary Amperex Technology Co Limited (CATL), which could be the year’s biggest listing. The two banks are exposing themselves and their American […]
International Relations Minister Ronald Lamola is in Russia to preside over the 18th Inter-Governmental Committee on Trade and Economic Cooperation. The platform will be used as a structure to coordinate economic and trade relations between South Africa and Russia. Russia remains one of South Africa’s key allies, especially in the ever-shifting geopolitical environment. The two countries […]
Italy is likely to ask UniCredit (UCG.MI) to leave Russia as soon as possible among conditions the government can set to clear the proposed takeover of smaller rival Banco BPM (BAMI.MI), a source familiar with the matter said on Wednesday. UniCredit is among the few international banks that have failed to exit Russia after the […]
Greece has submitted plans to the EU setting out how it will organise maritime activities such as fishing, tourism and offshore energy after years of delays that drew rebuke from the European Commission. In February the EU Court of Justice ruled that Greece had violated EU regulations by failing to draft a maritime spatial plan […]
US President Donald Trump’s introduction of a 24% reciprocal tariff on imports from Malaysia has thrown a spanner in the works for tech companies. However, industry players remain confident that local small and medium enterprises (SMEs) and start-ups will weather the storm — though not without experiencing funding and supply chain disruptions. Malaysia’s strong ties […]
Britain’s biggest companies adopted their most defensive stance since early 2020 in the run-up U.S. President Donald Trump’s April 2 tariff announcements and focused on boosting cashflow, cutting costs and reducing borrowing, a survey showed on Monday. Deloitte’s quarterly survey of chief financial officers at major British firms, conducted March 18-31, found their optimism about […]
On Wednesday, President Donald Trump announced a 90-day pause on most tariffs, with the exception of China, which is now facing tariffs of up to 125%. While the reversal lifted stocks, resulting in the biggest single-day gain for the S&P 500 since 2008, it isn’t expected to do much for M&A, which was already on the fritz […]
Though President Donald Trump has said his aggressive tariff strategy, unveiled this week, will make the markets “boom,” it has so far resulted in a rout, with U.S. equity markets suffering their worst week since March 2020 and more pain likely on the way. And that’s sending ultra-wealthy investors to seek refuge from the financial storm abroad. The […]
US envoy Steve Witkoff wrapped up his latest talks with Russia’s Vladimir Putin on Friday, after President Donald Trump urged his Russian counterpart to move quicker to end what he said was the country’s “senseless war” with Ukraine. Trump has been pressing Moscow and Kyiv to agree on a ceasefire deal but has failed to […]
Euro zone financial markets are functioning well despite global turbulence and the European Central Bank is ready to deploy its financial instruments to maintain financial stability if necessary, ECB President Christine Lagarde said on Friday. Markets have endured a brutal week, marked by the eruption of an all-out trade war and a bond market selloff […]