Mediobanca Makes $7B Bid to Acquire Banca Generali
Two prominent financial institutions in Italy – Mediobanca and Banca Generali – may merge as a result of a $7 billion deal, significantly expanding the buyer’s wealth management capabilities.
Finance & Economics - page 2
Beijing Reportedly Exempts Some Goods From US Tariffs
China has exempted some goods imported from the United States from its 125% tariffs.
FBI Says Cybercrime Costs Increase
Last year, cybercrime of all kinds caused more than $16 billion in total damage to victims around the world, according to data published on Wednesday, April 23, in a report from the United States Federal Bureau of Investigation (FBI).
Donald Trump Floats Substantial China Tariffs Cuts
President of the United States Donald Trump said that he plans to be very nice to China in any trade negotiations and noted that the US tariffs on the Asian country will be reduced if Beijing and Washington can reach an agreement.
Gold Surges to New Record High
The price of gold on Tuesday, April 22, reached a new record high amid scaling and increasing concerns related to the intention of the President of the United States Donald Trump to oust Federal Reserve Chairman Jerome Powell.
IMF Cuts Economic Growth Forecasts for Most Countries
The International Monetary Fund (IMF) on Tuesday, April 22, published updated forecasts for economic growth in the United States, China, and many other countries, demonstrating in this case a more pessimistic outlook compared to previous expectations.
China Warns Other Countries Against Striking Trade Deals With US at Its Expense
China has warned other countries of the consequences if they strike deals with the United States that could harm Beijing’s interests.
China Keeps Lending Rates Steady
The central bank of China on Monday, April 21, left loan prime rates unchanged, which is generally the expected decision of this financial regulator, since strong macro data is currently being observed in the Asian country, allowing Beijing to focus on stabilizing the yuan amid trade tensions with the United States, which has become an […]
KeyCorp’s Commercial Payments Business Demonstrates Growth
KeyCorp released data on its earnings, which showed growth in deposits, while the bank’s management pointed to the momentum in payments, including commercial transactions of the relevant category, which should prove resilient even amid macroeconomic difficulties related to the tariff-driven trade war.
ECB Cuts Interest Rates Again
The European Central Bank has decided to cut interest rates for the seventh time since June last year, as currently growing global trade tensions and significant uncertainty in this area threaten the prospects for the economic recovery of the region.
WTO Slashes Global Trade Outlook
The World Trade Organization (WTO) has slashed its forecast for merchandise trade this year, as rising United States tariffs and increasing uncertainty are factors negatively impacting international commerce.
Global Tech Stocks Decrease
On Wednesday, April 16, technology stocks are on a downward trajectory as new restrictions from the United States government on the export of Nvidia Corp. chips to China and the disappointing report from ASML Holding NV have significantly worsened the prospects for the semiconductor sector, which has already caused the market value of the two […]
China’s GDP Growth Tops Expectations
China’s gross domestic product (GDP) in the first quarter of the current year showed an increase of 5.4% compared to the figure recorded for the same period in 2024, according to data published on Wednesday, April 16, by the National Bureau of Statistics of the Asian country.
US Announces Probe Into Electronics Imports
The US Commerce Department is conducting a national security investigation into the import of semiconductor technology and related downstream products.
Rare Earths Become China’s Weapon in Trade War
China may start using rare earths as a weapon in a new trade war with the United States.
Goldman Sachs Performance Beats Estimates Driven by Economic Uncertainty
Goldman Sachs reported a 15% profit growth in the first quarter of 2025, bringing its investors $14.12 per share.
Finance & Economics
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