The acquisition expands Kesko’s B2B technical trade footprint across Sweden, Norway, and Denmark with €2.06bn in combined net sales. Finnish retailer Kesko will buy Dahl’s Swedish, Norwegian, and Danish businesses from Saint-Gobain for €1.20bn, its largest acquisition to d
The Bank of Japan hiked rates as expected, but the yen remains under pressure amid broader dollar strength and Middle East tensions. The yen hovered near the 160 level against the dollar after the Bank of Japan raised interest rates to a 31-year high, a move widely anticip
France-listed firm plans a digital credit tool targeting double-digit yields with single-digit volatility, backed by Bitcoin holdings. Capital B, Europe’s largest Bitcoin treasury firm, is developing a Bitcoin-backed digital credit product for the European market. The tool
A 25% reduction in Social Security benefits would slash $2 in annual spending power for 63 million recipients, disrupting local tax revenue and jobs. A potential 25% cut to Social Security benefits could remove $2 in annual spending from local economies, affecting 63 milli
Borrowers in the discontinued SAVE plan must select a new repayment option within 90 days or risk higher payments under default terms. Over 300,000 federal student loan borrowers have exited the Biden-era SAVE plan ahead of its July 1 discontinuation, but millions remain e
Investors should expect a leaner, quieterFederal Reserve coming up very soon. That's Morgan Stanley's forecast for Kevin Warsh's debut as Chair of the Federal Reserve which includes a warning to Wall Street about the central bank's near-term rate path and long-term communi
ZEW economic sentiment index rebounds to 10.5, beating expectations, as geopolitical risks in the Strait of Hormuz ease. German investor sentiment improved in June, with the ZEW economic sentiment index climbing to 10.5 from -10.2 in May, surpassing forecasts of -6.0. The
EU approves $2.2bn joint venture between TotalEnergies and Masdar The European Commission has granted approval for a $2.2bn (€1.89bn) joint venture between TotalEnergies and Masdar. The new entity, referred to as JV HoldCo, will focus on developing large-scale solar a
FUNDAMENTAL OVERVIEW The surprising US-Iran breakthrough last Thursday triggered a selloff in crude oil as traders started to unwind the hedges and positioned for lower prices on expectations of resumption of normal traffic in the Strait of Hormuz in the coming months. As
SpaceX shares surged over 20% on debut, pushing its market cap above $2 trillion, the largest IPO in history. SpaceX (NASDAQ: SPCX) began trading at $135 per share on June 12, achieving an initial market valuation of $1.8 trillion. The stock climbed more than 20% on its fi
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