Nuveen to buy Schroders in £9.9B deal, forming $2.5T asset manager
U.S. asset manager Nuveen has agreed to acquire British investment firm Schroders in a £9.9 billion takeover that will combine two long-standing financial institutions and create one of the world’s…
Here’s why the Rolls-Royce share price may pop to 1,500p soon
Rolls-Royce share price popped by over 1% on Thursday as investors bought the recent dip after it launched its new modular gas engine power plants. RR jumped to a high…
Coinbase launches AI agent wallets for autonomous blockchain transactions
Coinbase has introduced Agentic Wallets, a new type of crypto wallet built specifically for artificial intelligence agents. The announcement was published on the company’s Developer Platform blog this week and…
SoftBank Vision Fund boosted by OpenAI surge as ByteDance and Didi drag
SoftBank Group returned to profit in the December quarter as gains tied to OpenAI lifted its Vision Fund, helping counter losses across other technology bets. The Japanese investment firm reported…
Morning brief: Asia stocks rise, xAI cofounders exit, House tariffs vote looms
Global markets and corporate developments offered a mixed picture on Wednesday as investors balanced resilient Asian equities against political tensions in Washington and mounting corporate upheaval across technology and media…
Experts see more upside for gold, silver due to weak data and falling yields
Gold and silver prices increased on Wednesday as US Treasury bond yields dropped after the release of data showing that retail sales growth had stalled in December. The stalled growth suggested…
US credit card debt hits record high as household borrowing climbs
American consumers ended the year with a new record in credit card borrowing, as balances rose sharply in the final quarter. Data from the Federal Reserve Bank of New York…
Heineken to cut thousands of jobs as beer demand slows and growth cools
Heineken has announced plans to cut up to 6,000 jobs globally as part of a new cost and productivity drive, after reporting solid but moderating profit growth in its 2025…
Is the yen rally signaling a shift in global markets and dollar confidence?
There is one currency making the most headlines and moving markets since the beginning of the year, and it’s not the US dollar. It is the Japanese Yen, which has…
Gold lowers on easing tensions, but rate cut bets, China demand provide floor
Gold prices drifted lower in Asian trade on Tuesday, snapping a two-day positive streak for the precious metal. Experts believe that the market lacked strong follow-through selling, and demand from central…