Iran’s banking network issued 63.74 quadrillion rials ($127.5 billion) in loans over the first 11 months of the current Iranian year (March 2024- February 2025), marking a 29.8 percent increase compared to the same period last year. According to data from the Central Bank of Iran (CBI), total loans disbursed from March 2024 to February […]
Walgreens Boots Alliance (WBA) finalized a $10 billion deal, worth as much as $23.7 billion, with Sycamore Partners to go private after four months of negotiations, the companies announced Thursday. Sycamore is a New York-based private equity firm that specializes in retail business investments. It has invested in brands like Staples, Ann Taylor Loft, Aéropostale, […]
The $60 billion company formed by the merger of Adnoc and OMV AG’s chemical units is targeting a more than 50% boost in profits, and remains open for further deals or building new plants. The transaction is Abu Dhabi National Oil Co.’s latest big bet on chemicals. The company sees demand rising for products like […]
The peso fell as much as 1% against the dollar, extending its decline to a fourth day and hitting the weakest level in a month after the 25% duties came into effect, together with levies on Canada and China. Investors are awaiting Mexico’s response, with President Claudia Sheinbaum expected to address reporters on Tuesday morning […]
Bitcoin (BTC) and the broader crypto market have seen a notable bullish turnaround in the past 24 hours, fueled by President Donald Trump’s announcement of the five tokens he expects to include in the long-promised strategic crypto reserve. That has revived investor interest in the Deribit-listed call options or bullish bets at the $100,000 level, […]
Gold rose after last week’s sharp correction, with investors weighing the economic outlook as US President Donald Trump prepares to implement import levies against key trade partners. Bullion traded above $2,890 an ounce on Monday, while a gauge of the dollar’s strength against a basket of currencies fell. Trump is on the verge of slapping […]
More than 44,000 new jobs are expected in Saudi Arabia after the Kingdom issued 1,346 industry licenses in 2024, an official report has revealed. The Ministry of Industry and Mineral Resources announced that the permits have also helped attract investments worth over SR50 billion ($13.3 billion), driving economic growth and diversification. The ministry added that […]
The Centre has approved nearly 97 percent of the funds allocated to states under the Special Assistance to States for Capital Investment scheme during the first 10 months of the ongoing fiscal year, Mint reported, citing sources. The scheme, which provides interest-free loans for 50 years, saw approvals totaling Rs 1.22 trillion out of the […]
Petrobras is beefing up its offshore game, throwing four more support vessels into the mix by 2026—bringing the grand total to 48. Brazil’s state-run oil company is gearing up to boost production to 2 million barrels per day (bpd) at the Buzios field by 2030, cementing Brazil’s status as an offshore oil heavyweight. Petrobras has […]
The Atlanta Fed’s GDP tracker now indicates that the economy is headed for a 1.5% contraction in the first quarter, after showing 2.3% growth just days earlier. That also marks a sharp reversal from the fourth quarter, when GDP expanded by 2.3%. Several economic indicators have been raising alarms as consumers and businesses brace for Trump […]
