Category: finance
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Rio Tinto Plans Up to $10 Billion in Divestments as CEO Outlines Strategy for Growth and Productivity
Rio Tinto Eyes $10 Billion in Asset Sales Amid Strategic Overhaul Melbourne/London, December 4, 2025 – Rio Tinto (ASX: RIO, LSE: RIO), the world’s largest iron ore miner, announced plans to streamline its operations and focus on productivity improvements during its first strategy day under CEO Simon Trott. The mining giant revealed that it could
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Global Stocks Edge Higher as Dollar Faces 10-Day Slide Amid Fed Rate Cut Expectations
SINGAPORE/LONDON – Global equities inched up on Thursday, bolstered by expectations that the U.S. Federal Reserve will cut interest rates next week following data showing a slowdown in employment. Meanwhile, the U.S. dollar fell for a tenth consecutive day, heading for its longest losing streak in more than 50 years. Key Market Moves Currency and
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EU Launches Antitrust Investigation into Meta Over AI Features in WhatsApp
Brussels, Belgium – The European Commission has opened a formal antitrust investigation into Meta Platforms over the deployment of artificial intelligence features within its messaging app WhatsApp, highlighting growing regulatory scrutiny of Big Tech and generative AI in Europe. The probe focuses on Meta’s new policy regarding AI providers’ access to WhatsApp, following the integration
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US Private Equity Exit Deals Set for Second Consecutive Year of Recovery, PitchBook Reports
New York, US – Private equity firms in the United States are set for a second consecutive year of recovery in exit activity, as buyout firms increasingly cash out their investments, according to a new report by PitchBook. While the sector shows signs of a rebound, analysts warn that additional transaction activity is needed to
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UK Investors Sell Nearly $14 Billion in Stocks Amid Budget Uncertainty
London, UK – British investors continued a record-extending streak of stock selling in November, with net withdrawals from equity funds totaling £3 billion ($4 billion), according to data from funds network Calastone. This marked the sixth consecutive month of net selling, bringing the total outflows over the period to £10.4 billion ($13.87 billion). November’s outflow
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European Shares Edge Higher as Industrials and Automakers Lead Gains
Frankfurt, Germany – European stock markets rose modestly on Thursday, driven by strong performance in industrial and automotive sectors, as investor risk appetite improved following two sessions of muted trading. The STOXX Europe 600 index advanced 0.1% to 576.94 points, marking its third consecutive session of gains. Industrials Boost European Indexes Industrial stocks saw the
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ProShares Withdraws Some Highly Leveraged ETF Plans Following SEC Review
New York, USA – ProShares, a leading provider of exchange-traded funds (ETFs), has withdrawn registration requests for certain highly leveraged ETFs after receiving a warning from the U.S. Securities and Exchange Commission (SEC). The regulator flagged potential risk exposures and temporarily paused the review of these innovative products. The SEC’s letters, sent on Tuesday to
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Meta Platforms Faces EU Antitrust Investigation Over AI in WhatsApp
Brussels, Belgium – Meta Platforms Inc., the U.S. tech giant behind WhatsApp, is set to face an antitrust investigation by the European Union regarding its use of artificial intelligence (AI) services on the popular messaging platform, according to sources familiar with the matter. The probe is expected to be formally announced on Thursday. The investigation
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EU Antitrust Regulators Investigate Meta’s WhatsApp AI Policy
Brussels, Belgium – The European Commission has launched an antitrust investigation into Meta Platforms’ new policy on AI providers’ access to its messaging service WhatsApp, raising concerns that it could limit competition in Europe’s growing AI market. Under the policy, set to take effect in January 2026, competing AI providers may face restrictions on offering
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Bank of England Launches Stress Test of Private Equity and Private Credit Markets
London, UK – The Bank of England (BoE) announced on Thursday that it is launching a comprehensive stress test of the private equity and private credit industries to evaluate their resilience to potential financial shocks. The central bank emphasized that the exercise will focus on system-wide impacts for the British economy, rather than disclosing vulnerabilities
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