Japan’s Mitsubishi UFJ Financial Group (MUFG) will acquire a 20% stake in Shriram Finance Ltd for $4.4 billion, marking the largest cross-border investment ever in India’s financial sector, the Indian non-bank lender said on Friday. The transaction comes amid a sharp acceleration in foreign investment into India’s banking and financial services industry. Deal values in
Italy’s competition authority has formally closed investigations into four major electric vehicle makers after securing commitments to improve how consumer information is presented. The probes targeted BYD, Tesla, Stellantis, and Volkswagen over concerns that buyers may not have been given sufficiently clear details about electric vehicle performance and battery-related conditions. Rather than imposing penalties, the
Canary Capital has filed a revised S-1 registration statement with the US Securities and Exchange Commission (SEC) for its proposed staked INJ exchange-traded fund (ETF). The proposed ETF aims to combine the potential price appreciation of Injective (INJ) with the yield generated from staking the token, providing a unique avenue for investors seeking a more
Broadcom stock (NASDAQ: AVGO) has emerged as a rare consensus pick among major Wall Street houses for 2026. Bank of America, JPMorgan, and Jefferies all point to custom AI chips and high-speed networking as the company’s growth runway. The semiconductor giant sits at an inflection point as hyperscalers shift away from pure GPU dependence toward
Japan’s central bank on Thursday began its final policy meeting of the year, with investors widely expecting a landmark interest rate increase that would take borrowing costs to their highest level in three decades. The Bank of Japan’s decision, due on Friday, is seen as another step in its long-awaited shift away from ultra-loose monetary
Consumer prices in the United States rose less than expected in November, adding to investor optimism that with inflationary pressures easing, the Federal Reserve might cut interest rates more aggressively than Wall Street has pencilled in. The consumer price index increased at a 2.7% annual rate, according to a delayed report from the Bureau of
In 2025, WhiteBIT expanded its international presence, entered new markets, and developed its product and institutional offering. The year focused on geographic expansion, partnerships, and operational development across retail and institutional segments, alongside ongoing compliance and security efforts. Building a global crypto platform In 2025, WhiteBIT announced the launch of W Group, a fintech global
US initial jobless claims fell by 13,000 to a seasonally adjusted 224,000 for the week ending December 13. The development comes as a reversal to the previous week’s sharp spike and points to continued restraint in corporate layoffs. The reading is slightly better than consensus expectations of 225,000 and provided reassurance that labor market conditions
Russia’s Foreign Ministry said on Thursday that it hoped the administration of US President Donald Trump would not make a grave error in Venezuela, as tensions between Washington and Caracas continue to rise. Moscow expressed alarm about US policies that could jeopardise international shipping and further destabilise the region. The remarks come after Trump on
US stocks rose sharply on Thursday as investors digested a lighter-than-expected inflation report, easing concerns about persistent price pressures and helping spark a rebound in technology shares after a bruising run. The Dow Jones Industrial Average traded 339 points higher, or 0.8%, while the S&P 500 advanced 1.1%. The Nasdaq Composite outperformed, gaining 1.5%, as