As we had forecast, with Donald Trump winning the race to the White House and promising to cut corporate taxes and lower interest rates, M&A activity will accelerate. Here are the latest deals…FRONTIER TRIES AGAIN TO BUY SPIRIT AIRLINESSpirit Airlines has spurned a $2.1-billion cash-and-stock offer from Frontier Airlines, saying the offer was too low but......
Tag: Economy
TOP TREND 2023: OFFICE BUILDING BUST
Investors began to return to commercial properties in the latter part of 2024 but are still avoiding office buildings as a category, the Financial Times reported.
SPOTLIGHT: BIGS GETTING BIGGER
Italian insurance giant Generali and French bank Groupe BPCE, which owns the Natixis financial services company, will merge their asset management operations in a joint venture, creating an entity managing an estimated $1.98 trillion.
CHINESE EV MAKERS TAKE EU TO COURT OVER TARIFFS
BYD, Geely, and SAIC, three leading Chinese makers of electric vehicles (EVs), have formally complained to the European Union’s Court of Justice regarding new tariffs the European Commission (EC) imposed on the companies’ products in October.
CHINA’S ECONOMY SHRINKS UNEXPECTEDLY IN JANUARY
This month, China's factory production has contracted the most since August, the country’s official purchasing managers index showed.
TOP TREND 2025, THE TRUMP CARD: TRUMP DEMANDS LOWER OIL PRICES
In 23 January comments to executives at the World Economic Forum in Davos, U.S. president Donald Trump urged oil-producing nations to lower oil prices and that central banks cut their interest rates “immediately” afterward.
SPOTLIGHT: HARD ROAD AHEAD FOR WESTERN CAR COMPANIES
Automakers in the U.S. and Europe will close plants this year as they deal with stiffer emissions targets, probable tariffs on imported parts and exported vehicles, and overcapacity in their production infrastructures in the face of price competition from lower-cost countries, primarily China, research and business consulting firm Gartner said in a new report.
TOP TREND 2023, SELF-SUFFICIENT ECONOMIES: APPLE IPHONE NO LONGER CHINA’S BEST-SELLING SMARTPHONE
Apple’s iconic iPhone is no longer China’s top-selling smartphone. It has fallen to third place as phones made by Vivo and particularly Huawei have overtaken it.
PENSION FUNDS TAKE A FLYER ON CRYPTO
Pension funds in Australia and the U.K. are dabbling in cryptocurrency stocks and derivatives, and employee pension systems in the U.S. also are going long on the digital currencies.
RICHEMONT’S LUXURY SALES CLIMBED IN DECEMBER
Richemont, the luxury conglomerate that owns 20 brands including Cartier and Piaget, saw fourth-quarter sales jump 10 percent, year on year, reaching €6.2 billion and signaling that two hard years for haute couture may be at an end.