World food prices hit 10-year high in 2021
World food prices jumped 28% in 2021 to their highest level in a decade and hopes for a return to more stable market conditions this year are slim, the U.N.’s food agency said on Thursday.
Credit Agricole offers to buy Italy’s bank Carige -newspaper
France’s Credit Agricole (CAGR.PA) has offered to buy troubled lender Banca Carige (CRGI.MI) for a euro, Italian daily Il Messaggero said on Thursday, sending shares in the Italian lender up more than 3%.
When the hawks sing
All it took was the minutes of a three-week old U.S. Federal Reserve policy meeting to change the mood music in global markets. The Fed’s December meeting minutes showed officials had discussed shrinking the U.S. central bank’s overall asset holdings as well as raising interest rates sooner than expected to fight inflation. read more That sent global markets in a tailspin with investors heading for the exits.
Oil slips from one-month high after U.S. fuel inventory surge
Oil prices lost ground on Thursday, falling from their highest levels in more than a month after U.S. fuel stockpiles surged amid declining demand.
Vietnam car maker VinFast to build U.S. battery factory as it goes all-electric
Vietnam’s VinFast plans to build electric vehicle battery cells and packs in a new U.S. manufacturing complex, its global chief executive told Reuters, as the company pledged to transform itself into an all-electric automaker by the end of this year.
Futures subdued as tech stocks extend fall; Fed minutes awaited
U.S. stock index futures were subdued on Wednesday ahead of minutes from the Federal Reserve’s December meeting, even as big technology stocks continued to fall, with Salesforce.com declining after a brokerage downgrade.
WonderFi to buy parent company of Canadian crypto platform Bitbuy for about $162 mln
WonderFi Technologies Inc (WNDR.NLB), backed by investor Kevin O’Leary, agreed to buy Bitbuy’s parent company First Ledger Corp for about C$206 million ($162.13 million), giving it full ownership of the Canadian crypto marketplace.
EXCLUSIVE Walmart arm did not deliberately remove Xinjiang goods, China exec tells analysts
Walmart Inc (WMT.N) arm Sam’s Club, responding to the furore in China over what local media said was its deliberate removal of Xinjiang-sourced products from its app, denied the move in a call with analysts and termed it “a misunderstanding”.
World Economic Magazine’s Thought Leadership Interview Series with Almonty Industries Inc.’s Mr. Lewis Black
Impact of Omicron on Manufacturers and Suppliers.
Private equity behemoth TPG aims for over $9 bln valuation in U.S. IPO
TPG is aiming for a valuation of as much as $9.3 billion in its U.S. initial public offering, as the private equity powerhouse finally moves closer to a stock market flotation after toying with the idea of going public for several years.
