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Nigeria’s Dangote Refinery raises $2.5 billion in a private placement ahead of a planned IPO.
Meta to diversify beyond advertising with a $10 billion Anthropic compute lease deal.
Apple overtakes Nvidia to become the world’s most valuable company as investors reassess AI’s impact.
JPMorgan, led by Dimon, is poised to become the first bank globally to surpass $1 trillion in assets.
BlackRock’s assets reached a record $15 trillion thanks to ETF inflows and strong markets.
Stripe, Advent bid to acquire PayPal for over $53 billion.
Hungary’s Magyar Fejlesztési Bank gets a €2 billion capital injection with the EU’s approval.
SoftBank, PayPay to rescue Seven & I with $2 billion investment.
UK to regulate BigTech firms to safeguard financial stability.
Swift launches a blockchain ledger with an initial 16 banks to move “tokenized” funds 24 hours a day.
To fortify its financial structure, Nigeria’s Dangote Petroleum Refinery has raised $2.5 billion through a private placement, according to Devakumar Edwin, the company’s CEO, on
Meta Platforms is in negotiations to lease processing power to Anthropic in a possible transaction worth up to $10 billion over two years. In the
As investors reevaluate the prospects for artificial intelligence, Apple overtook Nvidia on Friday to become the most valuable business in the world, shifting the top
Jamie Dimon’s two decades at JPMorgan Chase have changed industry records, and the Wall Street giant is now on the verge of reaching yet another
As investors poured money into its exchange-traded funds and a stock market boom increased the value of client assets, BlackRock topped Wall Street projections for
Stripe, a payments company, and Advent International, a private equity firm, have jointly offered to buy PayPal Holdings Inc. for $60.50 per share. This purchase
A €2 billion ($2.3 billion) capital infusion into Hungary’s Magyar Fejlesztesi Bank was approved by the European Commission on Monday. This comes as Hungary pledges
SoftBank Corp. and mobile payments operator PayPay are in talks to invest in retail giant Seven & i Holdings. The investment is expected to reach
Cloud service providers Microsoft, Google, Amazon, and Oracle have been classified by Britain as critical third-party suppliers to the financial sector, subject to direct regulatory
Global financial messaging network SWIFT, in an effort to enable 24-hour payments and compete with the developing stablecoin market, unveiled a blockchain-based shared ledger on
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