Crunchmarkets’s info on the world of finance
Italian bank Banco BPM has rejected a takeover bid from domestic competitor UniCredit, stating that the offer does not adequately reflect the bank’s profitability. UniCredit’s €10 billion ($10.52 billion) bid was criticized by Banco BPM’s board of directors for being delivered on “unusual” terms and without prior agreement. The board […]
The Brazilian competition authority, Cade, has recently mandated that Apple must loosen its restrictions on payment methods used for in-app purchases among other directives. This decision was born out of an ongoing examination of a grievance lodged by the e-commerce titan of Latin America, MercadoLibre. While Apple’s Brazilian entity chose […]
On Monday, UniCredit, an Italian banking institution, proposed a takeover bid for its domestic competitor Banco BPM. The offer is said to be independent of its ongoing chase for the German bank, Commerzbank. The acquisition, valued at approximately €10 billion ($10.5 billion), could potentially fuse two of Italy’s biggest lenders. […]
BMO Capital Markets has reported a positive reaction from the BioPharma sector following President-elect Donald Trump’s appointment of Martin Makary as FDA commissioner. Investors are hopeful that Makary’s appointment will help reduce industry uncertainty. On the other hand, Trump’s nomination of Dave Weldon as the director of the Centers for […]
The recent surge in Bitcoin value has led to a misguided sense of security among investors, warns George Milling-Stanley, a strategist at State Street Global Advisors, often referred to as the architect of the first gold exchange-traded fund (ETF). Milling-Stanley argues that cryptocurrency investments lack the stability provided by gold. […]
Authors: Virginia Furness, Kate Abnett, and Simon Jessop BAKU (Reuters) – The COP29 climate conference, held on Saturday, witnessed the arrival of a new global marketplace for the buying and selling of carbon credits. Supporters believe that this system will generate billions of dollars for projects aimed to counteract global […]
The Senate Judiciary Committee held a session on Tuesday, focusing on the supposed duopoly of Visa and Mastercard. Members from both major parties claim that this control leaves small businesses and retailers with no room to negotiate transaction fees on credit card payments. Democratic Senator Dick Durbin, the committee chair, […]
The US government has claimed that employees at a French-owned auto parts factory in Mexico, operated by Akwel, were deprived of their right to collective bargaining, in contravention of a North American trade deal. The US has urged Mexico to initiate an investigation into the matter. In a move aimed […]
The creator of the pioneer gold-tracking Exchange-Traded Fund (ETF), GLD, remains optimistic about the commodity even twenty years later. In an interview with CNBC’s "ETF Edge", George Milling-Stanley, the chief gold strategist at State Street, shared his positive outlook for gold for the remainder of the year and into the […]
Canadian company Alimentation Couche-Tard has dismissed rumors of a hostile takeover of Japanese firm Seven & i. This news was confirmed by Alain Bouchard, the chairman and co-founder of the Canadian firm, in an interview with the Japanese press. Bouchard clarified that a hostile acquisition was not on their agenda, […]
