Categoria: News Finance
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How much is social media platform TikTok worth and who could buy it?
The popular app TikTok could be banned on 19 January under a US federal law that would force the video sharing platform to divest itself from its China-based parent company, ByteDance, or shut down its US operations. Several parties have expressed interest in buying the platform but ByteDance has repeatedly said it does not plan…
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Goldman Sachs creates new team to boost focus on financing
Goldman Sachs (GS.N), opens new tab is creating a new team that will enhance its focus on financing mega deals and providing loans to corporate clients, as the Wall Street giant looks to grab a bigger slice of the lucrative private credit market. The new division, called Capital Solutions Group, will be a part of the investment…
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Bankers hope for IPO revival in 2025 as high-profile listings stack up
Investment bankers are gearing up for a pickup in dealmaking activity in global equity capital markets this year, buoyed by a promising pipeline of anticipated initial public offerings of several high-profile companies. Liquefied natural gas producer Venture Global, privately held medical supply giant Medline, and cybersecurity company Sailpoint, backed by private equity firm Thoma Bravo, are expected…
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US Steel, Nippon Steel sue Biden admin over blocked acquisition
Biden blocked the proposed sale on national security concerns Nippon Steel and U.S. Steel have filed a lawsuit challenging the Biden administration’s order to block the nearly $15 billion deal for the Japanese company to buy the American steelmaker. The lawsuit, filed in the U.S. Court of Appeals for the District of Columbia Circuit, asks the court…
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Milei Ends Argentina’s Deficit After 123 Years
When Javier Milei was elected president of Argentina in 2023, many believed the nation was headed toward disaster. A libertarian economist and TV personality who claimed to take telepathic advice from his five cloned English mastiffs, Milei also described himself as an “anarchocapitalist” and “tantric sex guru.” He also advocated for the legalization of organ…
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Euro falls to its lowest level in two years against the dollar
The euro declined further against the US dollar to a fresh low in over two years amid concerns about the Eurozone’s economy, Trump’s tariffs, and monetary policy discrepancy between the ECB and the Fed. The euro declined 0.9% against the US dollar, reaching mid-1.02, its lowest level since 21 November 2022 on Thursday. The common…
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Spain’s inflation surpasses forecasts in December as fuel costs surge
Spain’s inflation climbed to 2.8% in December, surpassing the 2.6% forecast, propelled by rising fuel prices and increased leisure costs. Core inflation reached 2.6%, signalling persistent pressures, particularly in services. Spain closed 2024 with an inflation surprise: consumer prices rose at a higher-than-expected annual rate of 2.8% in December, according to flash estimates from Spain’s…
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Dollar set for big annual gain as traders brace for high US rates
The U.S. dollar was headed for an almost 7% annual gain while Japan’s yen was set for a fourth consecutive year of losses on Friday, as traders anticipated robust U.S. growth would make the Federal Reserve cautious on rate-cutting well into 2025. The dollar index , which measures the currency against major rivals, rose 0.08%…
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Honda and Nissan officially begin merger talks to create world’s third-largest automaker
Both companies are grappling with intense global competition in the electric vehicle market from the likes of Tesla and China’s BYD. Japanese automakers Nissan and Honda on Monday announced they had entered into official talks to merge and create the world’s third-largest automaker by sales. In a press conference on Monday, Honda CEO Toshihiro Mibe said the companies needed…
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Fed cuts by a quarter point, indicates fewer reductions ahead
WASHINGTON – The Federal Reserve on Wednesday lowered its key interest rate by a quarter percentage point, the third consecutive reduction and one that came with a cautionary tone about additional cuts in coming years. In a move widely anticipated by markets, the Federal Open Market Committee cut its overnight borrowing rate to a target…