Seven & i Holdings recently made a bold move by rejecting the takeover offer from Alimentation Couche-Tard, a Canadian convenience store operator. The company firmly stated that the proposed acquisition was not in the best interest of its shareholders and stakeholders. This decision comes after Couche-Tard offered to acquire all outstanding shares of Seven &
Finance
In 2024, exchange-traded fund inflows have exceeded monthly records, signaling a potential shift in investor behavior. With over $6 trillion parked in money market funds, industry experts believe that this trend could significantly impact ETF inflows before the year ends. Nate Geraci, the president of The ETF Store, raised concerns about the unpredictability of this
China’s policymakers face a critical challenge in boosting domestic demand, according to Yi Gang, former head of the People’s Bank of China. Yi emphasized the importance of fighting deflationary pressure and improving domestic demand to stimulate economic growth. He highlighted the need to address issues in the real estate market and local government debt to
The current system of setting up direct debits for payments like utility bills or childcare is fraught with issues. Consumers are required to fill out direct debit forms, sharing personal information and bank details that may not be secure. Additionally, static direct debits offer limited control over the payment amount, requiring advance notice for any
Zilch, a British financial technology firm, recently announced a significant achievement – its first-ever month of profit. This milestone is a crucial step for the company as it sets its sights on an eventual initial public offering. In July 2024, just four years after its founding, Zilch reported an operating profit, surpassing the expectations of
China’s property struggles and U.S. sanctions have had a significant impact on some of its cities, while others have benefited from Beijing’s tech push, according to the Milken Institute’s best performing cities China index. The index, which has been studying China’s large- and mid-sized cities since 2015, assesses their economic vibrancy and growth prospects. Hangzhou,
Recently, Warren Buffett’s Berkshire Hathaway reached a remarkable milestone by becoming the first non-technology company in the U.S. to achieve a $1 trillion market capitalization. This achievement marked a significant moment in the company’s history and underscored its resilience and strategic vision. Berkshire Hathaway’s success can be attributed to its diverse portfolio of businesses, ranging
As per the insights provided by British fund manager abdrn, there are concerns regarding the trajectory of the U.S. economy in 2025. Kenneth Akintewe, the head of Asian sovereign debt at abdrn, has raised doubts about the approach of the Federal Reserve. He has pointed out that there could be a risk of a prolonged
China’s foray into the world of top-tier video games has made a monumental impact on the industry, with the release of Black Myth: Wukong shattering world records and signaling the country’s growing global ambitions. In just three days after its launch on August 20th, this action-packed game set in mythological China sold over 10 million
Dollar General, a discount retail giant catering to lower-income customers, faced a significant setback as its shares plummeted by 25% following a gloomy sales and profit forecast for the full year. The company, which predominantly serves rural areas, acknowledged that its core customer base is feeling financially constrained in the current economic climate. This highlights