Business News
U.S. president-elect Donald Trump made his first pledges on trade policy since winning the presidential election, taking to Truth Social to pledge new duties on imports on China, Mexico and Canada soon after taking office in January. Throughout his campaign, Trump promised steep tariffs on China and other major trading partners as a way to … Read more
Amidst concerns over a slowdown in the economy and moderation in urban consumption, the Centre is likely to continue indirect policy support measures to boost demand rather than any direct sops. Senior policymakers who are preparing the Union Budget 2025-26 have ruled out the need for direct sops or cash subsidy schemes to boost demand … Read more
ZURICH (Reuters) -Switzerland’s Roche will acquire U.S. biopharma firm Poseida Therapeutics in a cash deal worth up to $1.5 billion, the companies said on Tuesday. Poseida is to be bought at $9 per share in cash, and stockholders will also receive a non-tradeable contingent value right for up to $4 per share if specific milestones … Read more
Spencer Platt/Getty Images News Car manufacturer Rivian (NASDAQ:RIVN) received conditional approval for loan up to $6.6 billion from the U.S. Department of Energy’s to support the construction of its EV manufacturing plant in Georgia. However, the carmaker must satisfy certain technical, legal, environmental, and financial conditions before
Scott Bessent, founder and CEO of the global macro investment firm Key Square Group, was a key economic policy adviser and fundraiser for the Trump campaign. President-elect Trump’s nominee to serve as Treasury secretary, Scott Bessent, has touted a “3-3-3” economic plan that would seek to reduce budget deficits while boosting growth and energy production. … Read more
BUCHAREST – Romanian state-controlled producer S.N.G.N. Romgaz S.A. has disclosed a new term deposit transaction with Exim Banca Romaneasca S.A., in line with the transparency requirements set forth by local financial regulations. The company, which is listed on both the Bucharest Stock Exchange (BVB) and the London Stock Exchange (LON:) (LSE), announced the opening of … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Governments are like plays: if the third act is unsatisfactory, the problem can usually be traced back to the first. Britain’s new(ish) Labour government is a case in point. Labour’s first act problem lies in … Read more
Take the i3, audacious in design and popular over the 11 years of its manufacture, selling a quarter of a million units. Now, BMW is hoping to become a leader in electrification again with its Neue Klasse generation. However, it won’t be making these new EVs in the U.S. They will be manufactured in Mexico. … Read more
The average investor can find compelling investment ideas by looking at what the big boys are doing. Regulations require larger asset managers to disclose their holdings every quarter, which can provide valuable insights into potential stocks to buy. One closely watched hedge fund manager is Bill Ackman, who has made a name for himself by … Read more
Discover Financial Services receives NYSE notice for non-compliance