Seven & i Holdings has called off its $5.8 billion management buyout plan following the withdrawal of Itochu Corporation, a key partner in the deal. The move, reported by Yomiuri, highlights the challenges faced by the Japanese retail giant as it seeks to restructure its operations and boost profitability. The buyout was aimed at streamlining […]
Oil prices bounced back from recent lows on Tuesday after U.S. President Donald Trump revoked Chevron’s license to operate in Venezuela, reigniting fears of a global oil supply shortage. The decision, which targets Venezuela’s oil sector, has added another layer of uncertainty to an already volatile energy market. Brent crude futures rose by 1.4% to 78.40 […]
Copper prices experienced a significant rise on Wednesday, driven by concerns over potential supply disruptions following a massive power outage in Chile, the world’s top copper producer. The blackout affected over 90% of the population and halted operations at major mines, including Codelco’s El Teniente and Chuquicamata. Benchmark copper futures on the London Metal Exchange […]
Tesla’s stock has experienced a significant decline, dropping more than 8% and pushing the company’s market capitalization below $1 trillion for the first time since November. This downturn marks a substantial reversal of the post-election surge that had lifted Tesla’s shares following President Donald Trump’s victory. The decline reflects a combination of factors, including disappointing […]
Germany’s federal election has resulted in a victory for the CDU/CSU alliance, led by Friedrich Merz, securing 28.5% of the vote. This outcome has reassured investors, with Germany’s stock market responding positively. However, the country still faces significant economic challenges, including high energy prices, weak demand, and fiscal constraints. Despite market optimism, business leaders urge […]
Bitcoin’s price fell below $92,000 on February 25, 2025, reaching a six-week low as fears of escalating global tariffs spooked investors. The cryptocurrency dropped 5% in 24 hours, reflecting broader market uncertainty. The decline comes amid renewed trade tensions between the U.S. and China, with both nations considering new tariffs on key imports. Analysts suggest […]
Asian markets experienced mixed trading on February 25, 2025, as the Bank of Korea (BOK) cut interest rates to 1.25% and Hong Kong announced new trade agreements with Southeast Asia. The BOK’s decision aims to stimulate economic growth, while Hong Kong’s trade deals are expected to boost regional commerce. Japan’s Nikkei 225 rose 0.5%, South […]
The Bank of Korea (BOK) has slashed its benchmark interest rate to 1.25%, the lowest level since August 2022, in a bid to boost economic growth. The decision, announced on February 25, 2025, comes amid slowing domestic demand and global economic uncertainty. BOK Governor Lee Ju-yeol emphasized the need for proactive measures to support the […]
India’s financial markets are facing challenges as investors increasingly turn their attention to China, where DeepSeek’s rise is fueling a market rally. DeepSeek, a leading AI and technology firm, has seen its stock surge by over 25% in the past month, boosting confidence in China’s tech sector and drawing foreign investment away from India. India’s […]
Asian markets delivered mixed results as weak global sentiment and concerns over U.S. tariffs weighed on investor confidence. Australia’s S&P/ASX 200 opened 0.81% lower, while Hong Kong’s Hang Seng index fell by 0.7%. Japan’s markets were closed for a public holiday, adding to the region’s uneven performance. The cautious mood in Asia mirrored broader global […]