Global Finance

The announcement from President-elect Donald Trump regarding the imposition of new tariffs marks a significant hinge in U.S. trade policy, particularly concerning relationships with major economic players like China, Mexico, and Canada. Trump’s intention to raise tariffs by an additional 10% on all imported Chinese goods, alongside a proposed 25% tariff on products from neighboring
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In a significant move poised to reshape the Italian banking sector, UniCredit has proposed an acquisition of Banco BPM, valuing the latter at approximately 10 billion euros ($10.5 billion). This strategic decision, articulated on a recent Monday, signifies UniCredit’s clear intentions to expand its footprint, claiming that this initiative stands apart from its ongoing interest
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The recent surge in Bitcoin’s value has created a perplexing narrative in the financial landscape. Enthusiasts and investors alike are experiencing a sense of euphoria reminiscent of past market booms. However, George Milling-Stanley, a strategist known for his association with gold exchange-traded funds (ETFs), warns against this mindset. His observations spotlight a critical distinction: while
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In an intriguing financial report, Baidu, a Chinese technology titan, revealed a 3% decline in revenue for the third quarter, amounting to $4.78 billion. Despite this decrease, the figure exceeded market predictions, illustrating a surprising resilience in the face of challenging conditions. Analysts had anticipated a comparatively lower revenue of approximately $4.63 billion, which accentuates
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The United States is experiencing a noteworthy shift in its industrial landscape, often referred to as an “industrial renaissance.” This transformation has led to an uptick in capital demand, as underscored by insights from prominent figures in the finance sector, including Marc Rowan, CEO of Apollo Global Management. Speaking at the Global Financial Leaders’ Investment
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Financial technology companies, once buzzing with IPO excitement, are now adopting a more measured approach following Klarna’s recent confidential filing for a U.S. public offering. The initial frenzy surrounding fintech IPOs has given way to a careful evaluation of market conditions, with industry leaders reluctant to jump into the public sphere. Klarna, a prominent player
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As the economic environment evolves with the incoming administration of President-elect Donald Trump, investors are preparing for a wave of changes influenced by proposed tariffs. John Davi, CEO and Chief Investment Officer of Astoria Portfolio Advisors, has voiced concerns about the potential for these tariffs to induce inflation in the economy. His insights highlight the
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On his social media platform X, Elon Musk recently made headlines by endorsing Howard Lutnick as a candidate for the position of Treasury Secretary in President-elect Donald Trump’s upcoming administration. This endorsement comes at a pivotal moment, as the President-elect has yet to announce his choice for the role, an integral part of his cabinet.
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In the latest economic report, China has showcased signs of growth in some sectors, particularly retail sales, while grappling with continued challenges in real estate investment. The National Bureau of Statistics has revealed that retail sales for October surged by 4.8% year-on-year, outperforming the 3.8% expected by market analysts. This increase marks a notable recovery
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