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The European Union’s antitrust regulator on Monday unconditionally approved Omnicom Group’s $13.25 billion all stock acquisition of rival Interpublic Group, clearing the way for the merger of two of the world’s largest advertising agencies. The deal, first announced in December, combines the third largest ad buyer, Omnicom, with the fourth largest, Interpublic, creating a global … Read more
Oil prices continued their decline on Monday as investors balanced the possibility of a US interest rate cut against emerging hopes for a Ukraine peace agreement that could ease sanctions on major Russian oil producers. Brent crude fell 58 cents, or 0.9 percent, to $61.98 per barrel, while West Texas Intermediate (WTI) slid 60 cents, … Read more
BEIJING — Bitcoin mining in China is quietly resurging four years after Beijing imposed a sweeping ban on cryptocurrency activity, as miners in energy rich western provinces exploit low cost electricity and a boom in private data centers. The rebound, supported by industry trackers and equipment makers, has pushed China back into the top ranks … Read more
LONDON — Global stocks climbed Monday while the dollar slipped as investors grew more confident that the Federal Reserve could move toward a December Fed cut, even as policymakers remain split on the timing of further easing. The cautious optimism set the tone for an event heavy week that includes US retail sales data, producer … Read more
NEW YORK — A turbulent week on Wall Street ended with a glimmer of optimism after a sharp US market rout driven by hotter than expected economic readings and renewed anxiety over high flying technology valuations. Despite losses across major indexes, comments from a top Federal Reserve official and selective strength in the artificial intelligence … Read more
DUSHANBE, Tajikistan — China plans to expand trade and investment with Tajikistan, Chinese Foreign Minister Wang Yi said during a visit to the Tajik capital on Saturday. Wang pledged to increase imports of high quality agricultural products from Tajikistan and encourage Chinese companies to invest in the landlocked Central Asian nation. “China will remain a … Read more
WASHINGTON — The United States economy is exhibiting an unusual trend that is raising concerns among Federal Reserve officials. Despite robust economic growth and high productivity, job creation has slowed significantly this year, leaving policymakers grappling with how to steer the economy. US companies have sharply reduced hiring, uncertain about the impact of sweeping economic … Read more
Former President Donald Trump’s net worth fell by $1.1 billion in recent months, according to financial analysts tracking his wealth. The decline follows losses in his technology company TMTG and the Trump family’s cryptocurrency investments, highlighting volatility in both traditional and digital assets. As of Friday, Trump’s net worth was estimated at $6.2 billion, down … Read more
Asian chip shares tumbled Friday in a broad market pullback triggered by Nvidia’s overnight slump, shaking investor confidence despite the US chipmaker’s stronger than expected earnings and optimistic guidance. SoftBank, a key player in global semiconductor and AI investments, led the downturn with a double digit fall that rattled Tokyo markets. The selloff unfolded hours … Read more
US prosecutors have launched an investigation into a group of telecom companies after BlackRock’s private credit arm reported it lent more than $400 million backed by what appear to be fabricated receivables, according to people familiar with the matter. The $400 million fraud probe centers on entities connected to Bankim Brahmbhatt, a little known executive … Read more
