Can Trump Fulfill Promise On Bank Deregulation?
Trump’s day-one deregulation vow thrills bankers, but legal constraints and crypto shifts loom large. Donald Trump hates government regulation of private business. In his successful campaign for re-election, he promised to repeal 10 US federal regulations for every new one imposed, adding, “We’ll be able to do that quite easily.” He has recruited More...
China Leans On Banks To Revive Property Market
China’s banks are pumping fresh funds into stalled housing projects and cutting rates on existing mortgages. The goal is to spark a financial turnaround for the nation’s beleaguered real estate sector. Banks More...
Egypt Ends Bank IPO Dearth
Egypt has achieved a historic milestone with the initial public offering (IPO) of United Bank on the Egyptian Exchange (EGX). This would be the first bank listing in over 25 years and the country’s first IPO More...
Reliance, Rosneft Forge $13b Energy Alliance
Russia’s largest and most valuable state oil company, Rosneft, has agreed to supply nearly 500,000 barrels of crude oil daily to India’s Reliance Industries, which operates the world’s largest refinery, marking More...
Japan: Nippon Makes Record Overseas Insurance Purchase
Nippon Life Insurance, Japan’s largest private insurer, is spending $8.2 billion on global life insurance firm Resolution Life Group Holdings—marking the largest overseas acquisition in Japan’s insurance More...
Talabat Stumbles Despite UAE’s Top 2024 Listing
The Middle East subsidiary of Delivery Hero, Talabat, raised $2 billion from an initial public offering on Dec. 10. Talabat sold more than 4.65 billion shares at AED1.60 ($0.44) per share. The sale of a 20% stake More...
Omnicom, Interpublic Aim To Create Global Ad Giant
Omnicom’s proposed deal to take over rival Interpublic is set to form the world’s largest advertising agency should it win regulatory approval. The agreement, announced Dec. 9, would see Interpublic shareholders More...
Keeping The C-Suite Safe
The murder of UnitedHealth CEO Brian Thompson on December 4 and the later lionization of suspect Luigi Mangione have led to corporations to reassess security and how they can protect their executives. Despite More...
Google Breaks Quantum Benchmark
It was the year-end story that captivated many but eluded most: “Willow [a quantum processor] performed a standard benchmark computation in under five minutes that would take one of today’s fastest supercomputers More...
Nvidia In Trade Tug-Of-War
Nvidia, the company that makes most processors used in artificial intelligence (AI), is under renewed scrutiny from the US and China. The Information reported that the US Department of Commerce asked the chipmaker More...
