Seven & i Holdings, the owner of 7-Eleven, has decided to reject a takeover offer from Canadian convenience store operator Alimentation Couche-Tard. The company stated that the offer was not in the best interest of its shareholders and stakeholders. The special committee formed by Seven & i to evaluate the proposal found it to be
Finance
The year 2024 has seen an unprecedented increase in exchange-traded fund (ETF) inflows, surpassing monthly records. The rise in assets parked in money market funds, amounting to over $6 trillion, is viewed as a major variable that could impact ETF inflows in the remaining months of the year. Nate Geraci, the president of The ETF
China, like many other countries, has been facing deflationary pressure in recent years. Former head of the People’s Bank of China, Yi Gang, highlighted the importance of focusing on boosting domestic demand to combat this issue. He emphasized the need to address the real estate market situation, local government debt problem, and overall confidence in
Visa has recently announced its plan to revolutionize the payment industry by launching a dedicated service for bank transfers. This service will allow users to set up direct debits on merchants’ e-commerce stores with just a few clicks, providing them with a higher level of control and security. Traditionally, when setting up direct debits for
China’s cities have experienced significant impacts on their economic rankings due to a combination of property struggles and U.S. sanctions. The Milken Institute’s best performing cities China index provides insights into the growth prospects of various cities in the country. Hangzhou, the capital of the eastern Zhejiang province, has emerged as a top-ranking city, thanks
Zilch, a British financial technology firm, recently celebrated a major achievement by reporting its first-ever month of profit. This significant milestone comes as the company sets its sights on an eventual initial public offering. In a trading update, Zilch revealed that it achieved operating profit in July 2024, just four years after its founding date.
Warren Buffett’s Berkshire Hathaway recently achieved a remarkable feat, reaching a $1 trillion market capitalization. This makes it the first non-technology company in the U.S. to hit this significant milestone. The company’s shares have surged over 28% in 2024, outpacing the S&P 500’s 18% gain. Just two days before his 94th birthday, the ‘Oracle of
British fund manager abrdn has predicted that the U.S. economy will experience a soft landing in the near future. However, there is still a significant risk of a prolonged slowdown in 2025, according to Kenneth Akintewe, the company’s head of Asian sovereign debt. Akintewe raised concerns about the Federal Reserve’s current policies, asking whether they
China’s monumental achievement in developing its first top-tier video game, Black Myth: Wukong, has not only shattered world records but has also indicated a significant shift in the country’s gaming landscape. The action-packed game, rooted in mythological China, garnered an outstanding 10 million units in sales within just three days of its launch on August
Chinese President Xi Jinping recently emphasized the crucial need for a stable and healthy relationship between China and the United States during a meeting with U.S. national security advisor Jake Sullivan. Xi conveyed China’s unwavering commitment to maintaining a positive and sustainable relationship with the U.S., despite escalating tensions in recent years. President Xi expressed