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Transaction Banking

Tariffs Backfire? Trade Truce Extended As China Surges, US Still Imports

Fears about US tariffs hurting China’s economy were overblown. New customs data show that China posted a record $683.5 billion trade surplus this year, with July exports up 7.2% on a year-over-year basis, ahead of economists’ expectations.

Technology

How Scale AI Founder Wang Won Meta’s AI Crown

Before Meta inked its $14.3 billion investment in Scale AI, its founder, Alexandr Wang, had already formed a close relationship with Meta CEO Mark Zuckerberg.

Technology

US Sets For Stablecoin Explosion

The Act permits insured depository institutions and other regulated entities to issue stablecoin in the US. Corporate treasurers will soon...

Capital Raising & Corporate Finance

Seven & i Acquisition Falls Through

The proposed $47 billion acquisition of Japan’s Seven & i Holdings by Canada’s Alimentation Couche-Tard (ACT) would have been the largest foreign takeover in Japanese history.

Economics, Policy & Regulation

Japan: Prime Minister’s Waning Power Jolts Stability

Prime Minister Shigeru Ishiba’s grip on power weakened further after his Liberal Democratic Party (LDP) and coalition partner Komeito lost their majority in Japan’s upper house elections on July 20.

Capital Raising & Corporate Finance

Giovanni Ferrero Scoops Up WK Kellogg

Breakfast is the most important meal of the day, and Giovanni Ferrero knows it.

Banking

As Dominican Republic’s Fintech Sector Booms, Financial Inclusion Is Big Goal

Fintechs are a rapidly growing presence in the Dominican Republic, where they promise to improve inclusiveness in a still-underbanked nation.

Banking

Big Banks Mull Joint Stablecoin

As legislation to create a regulatory framework for stablecoins progresses in the US Congress, major banks are reportedly discussing issuing a joint stablecoin that could potentially provide commercial clients with various benefits.

News

Circle IPO Underscores Investor Appetite For Crypto

Stablecoin issuer Circle Internet Group raised nearly $1.1 billion in its IPO, above its expected range, as investors grow increasingly attracted to cryptocurrencies.

Banking

Japan’s SMBC Buying Stake In Yes Bank

India’s Yes Bank expects to sell a 20% stake to Japan’s second-largest bank, Sumitomo Mitsui Banking Corporation (SMBC), a wholly owned subsidiary of Sumitomo Mitsui Financial Group, for $1.58 billion, pending regulatory approvals from the Reserve Bank of India (RBI) and the Competition Commission of India.

Capital Raising & Corporate Finance

Nippon Steel, U.S. Steel Tie-Up Could Be A ‘Game Changer’

The deal by Japan’s top steelmaker creates a formidable global competitor and helps revive U.S. Steel’s competitiveness.

News