Lenders warn that $6 trln of customer cash could flee if dollar-pegged tokens are allowed to pay interest through third parties. That rests on a misunderstanding of how deposits work. Yield-bearing ...

Group insiders have extended the deadline for their lowball $37 bln bid for Toyota Industries after just a third of the stock was tendered. Now they’ll probably either boost the offer or walk away.

Insurer Dajia will lose money selling the New York hotel after a $2 bln facelift. The 2014 buy heralded China's global M&A spree. Any disposal will mark an acceleration in the repatriation of ...

The $140 bln Ray-Ban owner trades like a top-tier luxury stock – mostly thanks to an eyewear partnership with Meta. Thus far, ...

The 222-year-old family-backed fund manager agreed to a $14 bln takeover by US peer Nuveen. The timing is odd given a low ...

Elon Musk's rocket maker wants an express lane from $1 trln IPO to benchmark status, expanding the early-buyer pool. Since 2013, however, new stocks have returned just 7% a year, barely half the S&P ...

The acquisitive CEO's fledgling QXO is buying lumber distributor Kodiak for $2 bln, with an odd twist. Payment includes shares the $19 bln rollup can repurchase at a set price. It’s a sweetener that ...

Two partners paused work with DP World over its boss’s links to the disgraced financier. The state-owned port operator could opt to ignore the criticism. But that would undercut the company’s ...

Acquiring Stash for $425 mln is a step outside its home market by the $17 bln Southeast Asian ride-hailing and deliveries firm. The AI tech can support its fledgling financial services business as ...

The $86 bln lender's shares rose 10% to a record high on improved earnings. That's mostly the result of the new CEO's ...

The record $1.2 trln imbalance is increasingly driven by high‑tech exports, not basic goods. That’s a challenge for the West ...

New boss Steve Cahillane is not only shelving plans to split the food giant, but also trashing a decade-long cost-cutting ...