Germany intends to begin decreasing its ownership in Commerzbank AG, which was obtained during the financial crisis of 2008-2009, reports The German Financial Agency (Deutsche Finanzagentur). The government has a 16.49% stake in Commerzbank. According to estimates by FactSet, this stake is valued...

Ukrainian authorities anticipate the IMF will ask Kiev to accelerate the devaluation of the hryvnia, decrease interest rates, improve tax collection, and increase taxes this week, according to sources cited by Bloomberg. According to the IMF, these measures will assist Ukraine in addressing its...

Chinese company ByteDance, the company behind TikTok, is currently working on securing a $9.5 billion three-year bank loan, as reported by Bloomberg based on sources familiar with the matter. If given the green light, it will be the biggest non-Japanese corporate dollar loan in Asia. The loan...

As China prepares to host a summit with 50 African nations in Beijing this week, the focus will be on the evolving economic relationship between the two regions. While China is keen to promote its goods, particularly electric vehicles (EVs) and solar panels, before Western export curbs take effect,...

This fall marks a pivotal moment for the global economy as central banks worldwide, including the U.S. Federal Reserve, the European Central Bank, and the Bank of England, are poised to initiate or continue interest rate cuts. These anticipated rate reductions signal a shift away from the...

In a strategic move that may influence broader trade negotiations, Beijing announced on Thursday that it would not impose provisional tariffs on European Union (EU) brandy imports, despite findings that the product had been sold in China below market prices. This decision offers a temporary...

Amid the mounting uncertainty over the future of U.S. government support for the critical minerals sector, mining and battery recycling companies are racing against time to secure billions of dollars in loans before a potential shift in political leadership. With the possibility of former President...

According to sources cited by Bloomberg, ADNOC, the state-owned oil company of the UAE, plans to approve a deal to acquire Covestro AG, a German chemical company, for 11.7 billion euros in September. The sources stated that ADNOC is close to finishing the Covestro due diligence process and has not...

U.S. consumer confidence surged to a six-month high in August, driven by optimism about the economic outlook. However, growing concerns about the labor market, following an increase in the unemployment rate to 4.3%, have tempered this positive sentiment. The latest consumer confidence data from the...