Canadian retailer Alimentation Couche-Tard has expressed its willingness to engage in confidential discussions with Japanese retail giant Seven & i Holdings regarding its $38.5 billion takeover offer. Despite Seven & i’s reservations about the $14.86 per share all-cash proposal, Couche-Tard remains keen on pursuing a buyout. The 7-Eleven operator has raised concerns about the offer
Wall Street
The U.S. presidential election holds significant importance not only for the United States but also for global financial markets, especially emerging markets. The outcome of the election can influence various aspects of the economy, trade policies, and geopolitical relationships, creating both opportunities and risks for investors around the world. The U.S. economy plays a crucial
The use of helium in spacecraft and rockets has been a topic of discussion lately due to the ongoing issues with propulsion systems and leaks in various missions. From NASA’s Starliner to SpaceX’s Polaris Dawn mission, the importance of helium in pressurizing fuel tanks and cooling systems cannot be denied. Helium is chosen for its
In recent days, Asian shares have been experiencing tight ranges and the dollar is facing losses. Investors are anxiously awaiting the release of U.S. jobs data, as it will have a significant impact on the decision-making process related to potential rate cuts in the world’s largest economy. This uncertainty in the market has caused oil
The proposed $14.9 billion takeover of U.S. Steel by Nippon Steel has raised concerns about potential national security risks due to the impact it could have on the supply of steel for critical sectors such as transportation, infrastructure, construction, and agriculture. The Committee on Foreign Investment in the U.S. (CFIUS) highlighted in a letter sent
The global stock markets experienced a steep decline on Wednesday, with Asian shares and global stock futures tumbling. Technology stocks took a heavy hit, leading to concerns about the global growth outlook. The stock benchmarks in Tokyo, Taipei, and other Asian markets fell significantly, with MSCI’s broadest index of Asia-Pacific shares outside Japan dropping by
The trade relationship between Russia and India is flourishing, with bilateral trade reaching $65 billion in 2023. This surge in trade can be attributed to India emerging as a significant importer of Russian oil, especially after Western sanctions were imposed on Russia in 2022 due to the conflict in Ukraine. Anatoly Popov, the deputy CEO
In a surprising turn of events, REA Group, a property listings company majority-owned by News Corp, has expressed interest in acquiring Rightmove to potentially create a global real estate powerhouse. This announcement has caused quite a stir in the market, with shares of Rightmove skyrocketing by 24% to 6.89 pounds, reaching their highest level in
A recent strike of 10,000 U.S. hotel workers has commenced in various cities across the country after contract negotiations with major hotel operators Marriott International, Hilton Worldwide, and Hyatt Hotels stalled. The strike, led by the Unite Here union, has impacted workers at 24 hotels in popular destinations like San Francisco, San Diego, Honolulu, Boston,
Brazil’s telecommunications regulator recently announced the suspension of Elon Musk’s X social network in the country. This decision was made to comply with an order from a judge who has been caught in a long-standing feud with the billionaire investor. The judge insisted on the need for hate speech regulations on social media platforms, while