French Prime Minister Sebastien Lecornu resigned on Monday, less than 24 hours after unveiling a new cabinet that was immediately met with criticism from both opposition and coalition members. The move plunges President Emmanuel Macron’s government into fresh political turmoil and adds to growing investor unease over France’s fiscal outlook.Lecornu,…
The relentless, record-setting rally that has defined the European markets has finally paused for breath. Stocks opened to a slightly negative and cautious picture on Monday, as investors step back to digest a week of powerful gains and assess a complex and conflicting global landscape, from a political earthquake in…
For a while, it looked as if Russia’s economy had beaten the odds.After Western sanctions, oil embargoes and the cost of war weighing heavily, its economy bounced back faster than expected. Factories worked around the clock, wages rose, and GDP figures impressed even the most pessimistic analysts. But two years…
British digital lender Shawbrook announced on Monday that it plans to list on the main market of the London Stock Exchange in a flotation expected to value the bank at close to £2 billion. The move comes amid a renewed spark of IPO activity in the city following a prolonged…
Fifth Third Bank announced on Monday that it will acquire Dallas-based financial services company Comerica in an all-stock transaction valued at approximately $10.9 billion, creating the ninth-largest US bank with about $288 billion in assets. The move follows intense scrutiny over Comerica from activist investor HoldCo Asset Management, which urged…
Shares of Critical Metals (CRML) surged more than 75% in premarket trading on Monday after reports surfaced that the US government is in discussions to take an equity stake in the New York-based mining company.The potential stake would give Washington a direct interest in Greenland’s Tanbreez project — one of…
Even though oil prices have climbed more than 1% on Monday after OPEC+ agreed to only a modest increase in production for November, the underlying market surplus is likely to subdue any upside momentum in crude. On Sunday, the Organization of the Petroleum Exporting Countries plus Russia and some smaller producers…
Bloomberg reports, Tata Capital Ltd. has opened subscriptions for India’s biggest public issue of the year, potentially raising up to 155 billion rupees ($1.7 billion). The listing, which comes amid a surge in investor appetite and steady capital inflows into mutual funds, is expected to push India’s initial public offering…
India is weighing a one-time settlement to end its long-running dispute with Vodafone Group Plc’s local venture, as the government looks to improve relations with the UK ahead of British Prime Minister Keir Starmer’s visit this week. The move could reshape India’s telecom landscape while signalling a broader shift in…
The Rolls-Royce share price continued its strong rally this year and is now hovering at its all-time high. This surge has made it one of the best-performing companies in the FTSE 100 Index this year. Here are the top reasons why the stock is soaring. Rolls-Royce share price is soaring as…