Business

Citi signs deal to sell 24% equity stake in Banamex

Tuesday, February 24 by SRN News

By Tatiana Bautzer Feb 23 (Reuters) - Citigroup said on Monday it had entered into agreements to sell a 24% stake in Banamex to a group of institutional investors and family offices for around $2.5 billion. Some of the investors are private equity firm General Atlantic,... Read More.

JPMorgan sees strong first-quarter growth in dealmaking, trading

Tuesday, February 24 by SRN News

By Lananh Nguyen and Manya Saini NEW YORK, Feb 23 (Reuters) - JPMorgan Chase expects investment banking fees and markets revenue to log strong growth in the first quarter, easing concerns that a recent equity market sell-off has hit deal pipelines. Investor concerns grew in recent... Read More.

Trading Day: Trump tariff chaos hits US stocks hardest

Tuesday, February 24 by SRN News

ORLANDO, Florida, Feb 23 (Reuters) - Wall Street fell sharply on Monday as renewed global tariff uncertainty and rumbling software-fueled AI fears slammed shares and steered investors to the traditional safe-haven harbors of gold, Treasuries and the Swiss franc. In my column today,... Read More.

FedEx sues US for refund on Trump’s emergency tariffs

Tuesday, February 24 by SRN News

By Lisa Baertlein and Mike Scarcella LOS ANGELES, Feb 23 (Reuters) - Global transportation company FedEx on Monday filed a lawsuit in the U.S. Court of International Trade seeking a refund for President Donald Trump's emergency tariffs, which the U.S. Supreme Court deemed illegal last... Read More.

Brazil’s Gerdau posts flat Q4 net profit increase as key markets diverge

Tuesday, February 24 by SRN News

SAO PAULO, Feb 23 (Reuters) - Brazilian steelmaker Gerdau on Monday reported a 0.5% increase in its fourth-quarter adjusted net profit when compared to a year earlier, as its booming North American operations were offset by challenges in the Brazilian market. BY THE NUMBERS ... Read More.

JPMorgan’s Dimon says he will remain CEO for a few years

Tuesday, February 24 by SRN News

Feb 23 (Reuters) - JPMorgan CEO Jamie Dimon said on Monday he will remain at the helm of the largest U.S. bank for a "few years." "I'm here for a few years as CEO, and maybe a few after that, as executive chairman," Dimon... Read More.

FDA proposes new system for approving customized drugs and therapies for rare diseases

Monday, February 23 by SRN News

WASHINGTON (AP) - Federal health officials on Monday laid out a proposal to spur development of customized treatments for patients with hard-to-treat diseases, including for rare genetic conditions that the pharmaceutical industry has long considered unprofitable. The preliminary Food and Drug Administration guidelines, if implemented,... Read More.

Factbox-Stocks to watch as Trump’s new tariffs spell more uncertainty

Monday, February 23 by SRN News

Feb 23 (Reuters) - Tariff uncertainty is back after U.S. President Donald Trump announced a new 15% duty following a Supreme Court ruling that struck down his broader levies last week. Domestic lumber product makers fell on Monday on fears of pricing pressure from cheaper... Read More.

New York Fed inflation measure heats up in December

Monday, February 23 by SRN News

By Michael S. Derby Feb 23 (Reuters) - The underlying level of inflation heated up in December as measured by a New York Federal Reserve gauge, suggesting further challenges in getting overall price pressures back to the U.S. central bank's 2% target. The regional Fed bank... Read More.

Citi nears Banamex stake sale to investor group including Blackstone, Bloomberg News reports

Monday, February 23 by SRN News

Feb 23 (Reuters) - Citigroup is nearing a deal to sell a 24% stake in its Mexican retail bank Grupo Financiero Banamex to a group of investors that includes Blackstone, Bloomberg News reported on Monday, citing people familiar with the matter. The move would follow... Read More.

Current Weather

Citi signs deal to sell 24% equity stake in Banamex

JPMorgan sees strong first-quarter growth in dealmaking, trading

Trading Day: Trump tariff chaos hits US stocks hardest

FedEx sues US for refund on Trump’s emergency tariffs

Brazil’s Gerdau posts flat Q4 net profit increase as key markets diverge

JPMorgan’s Dimon says he will remain CEO for a few years

FDA proposes new system for approving customized drugs and therapies for rare diseases

Factbox-Stocks to watch as Trump’s new tariffs spell more uncertainty

New York Fed inflation measure heats up in December

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