Mexican tequila makers worry a 25% U.S. tariff could hurt their businesses. Melly Barajas says her supply chain is frozen, awaiting a decision after a 30-day pause.
Blackstone plans to take an $800M loan to buy a stake in a 50-story office building in New York City, sources say.
UK's Assura rejects a £1.56B from KKR and Universities Superannuation Scheme, the U.S. private equity group said on Monday.
Hawkish comments from the Bank of Japan and sticky inflation are pushing bond yields to multi-year highs. Mitsubishi UFJ expects a rate hike to 0.75% in July, not October.
Euro-zone forecasters expect the ECB to cut rates below 2% by 2026, starting with 25 basis points cuts at the next three meetings, per Bloomberg survey.
Argentine President Javier Milei may face impeachment after promoting the $LIBRA crypto, which crashed shortly after his endorsement, opposition lawmakers say.
Japan's economy grew 2.8% annualized in Q4, beating expectations of 1.0%, driven by stronger business spending and higher consumption, supporting rate hike prospects.
China invited top entrepreneurs, including Jack Ma, for a meeting with President Xi Jinping, signaling support for the private sector. Alibaba shares rose 5.7%.
Ukraine has handed a draft minerals agreement to the U.S. for review, seeking U.S. investment in its resources in exchange for security guarantees in a peace deal.
Singapore's GDP grew 1.8% in 2023. Q4 saw a 5% growth, beating forecasts. Retail and F&B sectors contracted, while the 2025 GDP growth forecast is 1-3%.
Telefonica hires JPMorgan to sell its Mexican unit, aiming for a deal before its shareholder meeting. The company also seeks to sell its Argentine and Colombian assets.
Elon Musk's $97.4B bid for OpenAI sparks a legal battle with CEO Sam Altman, with Musk threatening to drop the offer if OpenAI remains a nonprofit.
Japan's wealth gap widens as assets of the wealthy hit a record ¥469 trillion, while the majority's wealth grew only 42% from 2011-2023, driven by stocks.
JPMorgan CEO Jamie Dimon calls for restructuring financial regulators, urging a review of rules and regulations after meeting with lawmakers on bank oversight.
Texas lawmakers refiled a strategic Bitcoin reserve bill (SB 21), now allowing investment in other cryptocurrencies. It's a top priority for Lt. Governor Dan Patrick.
Nestlé reported better-than-expected sales growth, driven by price hikes but warned of a narrower profit margin in 2025 as it focuses on innovation and sales volume.
Honda's Q3 operating profit rose 5%, driven by strong motorcycle sales and a weak yen, but missed estimates. Honda and Nissan ended merger talks but will cooperate on EVs.
Oil prices fell after Trump and Putin agreed to talks on ending the Ukraine war, easing concerns over Russian supply. Brent dropped below $75, WTI near $71.
Commerzbank will cut 3,900 jobs and set new financial targets as part of a strategy revamp to counter UniCredit's push for a merger with the German lender.
UK economy grew 0.1% in Q4 2024, boosted by a 0.4% rise in December, with pubs thriving pre-Christmas. Overall growth for 2024 was 0.9%.
A central bank survey shows 75% still plan to issue a CBDC, but nearly a third have delayed their timeline, following Trump's ban on digital dollar work.
Canada Pension Plan invested $5B in private equity in Q4 2024, making 26 transactions. Net assets hit C$700B, surpassing projections by 5 years.
Egg prices soared 53% in January, driven by bird flu. Orange juice rose 7.7%, and coffee went up 3.1%, adding to overall grocery inflation of 1.9%.
U.S. consumer prices rose sharply in January, driven by higher housing and food costs, reinforcing the Fed's cautious stance on rate cuts amid economic uncertainty.