JX Advanced Metals Corp. cut Japan’s biggest initial public offering since Softbank Group Corp.’s to ¥439 billion yen ($2.9 billion), fueling concerns that demand for IPOs is waning after a banner year. The shares will be offered at ¥810 to […]
A fire at the Ufa refinery in the Republic of Bashkiria has been extinguished, local authorities reported, with early reports suggesting the facility may have become the latest target of Ukrainian drone attacks. A later update, however, had authorities report […]
More than 44,000 new jobs are expected in Saudi Arabia after the Kingdom issued 1,346 industry licenses in 2024, an official report has revealed. The Ministry of Industry and Mineral Resources announced that the permits have also helped attract investments […]
Commerce Secretary Howard Lutnick said Sunday that government spending could be separated from gross domestic product reports in response to questions about whether the spending cuts pushed by Elon Musk’s Department of Government Efficiency could possibly cause an economic downturn. Doing so could […]
Bullish strategists often cite a record $6.9 trillion in money market funds as potential fuel for stocks. But the surge in money market cash might not be because investors are waiting to pile into stock. Potential dip buyers don’t see […]
Italian luxury group Prada is moving closer to a deal to buy Versace from upmarket fashion group Capri Holdings after agreeing to a price of nearly 1.5 billion euros ($1.6 billion), Bloomberg News reported on Sunday. Prada and Capri – […]
The Open Market Operations (OMO) sales surged 18 times in one year as the Central Bank of Nigeria (CBN) intensified its fight against inflation and naira volatility, sending a signal to investors of a shift to orthodox monetary policy. Data […]
The projected cost to rebuild Ukraine’s economy after Russia’s invasion has surged to $524 billion, almost three times the nation’s anticipated 2024 economic output, according to findings by the World Bank, United Nations, European Commission and the Ukrainian government. A […]
Britain’s Rolls-Royce (RYCEY, RR.L) has lifted its mid-term targets to reflect confidence in future profit growth as its plan to improve engine performance and lower costs gains traction, helping it beat expectations last year. The upgrade on Thursday showed the […]
The Agnelli family sold a stake worth around €3 billion ($3.14 billion) in Ferrari NV, after the supercar maker’s value has risen more than 10 times since its initial public offering in the US. Exor NV, the investment vehicle of […]
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