Amidst a period of robust corporate profitability and a flourishing deal-making environment, London’s top bankers are urging the government for greater clarity and stability in its economic policies, voicing concerns that impending tax increases in the upcoming UK budget could dampen the financial services sector’s current momentum.The UK had successfully…

Australia has unveiled draft legislation that could reshape how digital asset platforms operate in the country. The proposal, released on Thursday by the Treasury, outlines strict rules for licensing, compliance, and penalties. The most striking feature is the potential punishment of up to 10% of annual turnover for breaches of…

Europe markets opened lower on Thursday, blending a sense of guarded hope with the usual dose of vigilance.Investors seemed to be settling into a watchful stance, mindful of ongoing geopolitical uncertainties and central bank signals, but buoyed by pockets of encouraging corporate earnings and sector-specific rallies.The market mood reflects a…

Petershill Partners, the Goldman Sachs-owned investment group, said on Thursday it plans to delist from the London Stock Exchange and return $921 million to shareholders.The news sent the company’s shares up by 33%, hitting a four-year high, and the stock was the top gainer on the FTSE mid-cap index.The decision…

Shares of SSP Group rose sharply on Thursday after a Financial Times report that activist hedge fund Irenic Capital Management is exploring a potential take-private deal for the UK-listed food and beverage operator.The Upper Crust owner’s stock jumped as much as 9.9% in early London trading, making it the second-highest…

Hennes & Mauritz posted stronger-than-expected third-quarter earnings on Thursday, sending its shares sharply higher as investors welcomed signs of progress in the Swedish retailer’s turnaround plan.Shares rose as much as 11% in early European trading, buoyed by evidence that management’s efforts to reshape the business through new collections, tighter cost…

Asian equities finished Thursday’s session largely flat as enthusiasm from recent AI-driven gains cooled and expectations for aggressive US interest rate cuts diminished. Investors weighed concerns over a slowing US labour market and persistent inflation while awaiting fresh data, including jobless claims and the Federal Reserve’s preferred inflation measure, the…

The clock is ticking toward a crisis. As a bitter political impasse between congressional Democrats and Republicans deepens, the risk of a partial US government shutdown beginning next week is rising, casting a long and anxious shadow over the nation’s financial markets. While Wall Street has historically shrugged off these…

China has urged the United States to eliminate what it calls “unreasonable tariffs” and foster conditions conducive to expanding bilateral trade, a commerce ministry spokesperson stated on Thursday, addressing questions about China’s potential purchase of US soybeans.China, the world’s largest importer of soybeans, has reportedly abstained from purchasing any US…