Coty Inc. (NYSE: COTY), one of the world’s largest beauty conglomerates, has seen its shares plunge to a 52-week low amidst growing concerns over a slowdown in the global beauty market. The company, renowned for its diverse portfolio of beauty and cosmetic brands, has faced a decline in its stock price to $8.78, the lowest […]
Nvidia’s stock has surged to new highs for the first time in four months, buoyed by the unwavering demand for AI technologies and the strong momentum of its next-generation Blackwell GPU. On Monday, Nvidia’s share price reached an intraday high of $139.41, nearing its all-time peak of $140.76, which was previously set in June. This […]
PepsiCo, Inc., one of the world’s largest food and beverage companies, has announced a definitive agreement to acquire Siete Foods, a rapidly growing Mexican-American brand, for a staggering $1.2 billion. This acquisition represents a significant move by PepsiCo to diversify and expand its portfolio, particularly in the growing “better-for-you” food market. Siete Foods is renowned […]
Tata Technologies Limited, a global leader in engineering and digital services, finds itself at a crossroads as Citi, a major international brokerage firm, has revised its target price for the company’s stock. Despite maintaining a ‘Sell’ rating, Citi has raised the target price from ₹935 to ₹945, reflecting marginally improved estimates for Tata Technologies’ performance […]
Eli Lilly and Company has finalised its acquisition of Morphic Holding, Inc. in a landmark $3.2 billion deal, aimed at enhancing treatment options for inflammatory bowel disease (IBD). This acquisition underscores Lilly’s strategic expansion into the gastroenterology sector. The transaction, valued at $57 per share, is a significant premium over Morphic’s recent stock prices, reflecting […]
The Allstate Corporation (NYSE: ALL) has finalised a landmark deal to divest its Employer Voluntary Benefits business to StanCorp Financial Group, Inc., also known as The Standard, for $2 billion. This transaction marks a pivotal step in Allstate’s strategy to optimise its Health & Benefits operations, which include Employer Voluntary Benefits, Individual Health, and Group […]
Citi, a global juggernaut in foreign exchange (FX) markets, has announced a pivotal investment in Rextie, the leading fintech for FX services in Peru. This groundbreaking deal makes Rextie the first FX fintech in Latin America to secure an investment from one of the world’s largest banks. Additionally, the partnership will incorporate Citi’s advanced FX […]
Chindata Group Holdings Limited (Nasdaq: CD), a forerunner in providing carrier-neutral hyperscale data center solutions in Asia-Pacific emerging markets, has disclosed its merger agreement with BCPE Chivalry Bidco Limited and its subsidiary, valuing Chindata Group’s equity at an estimated US$3.16 billion. Enhancing Asia-Pacific’s Data Center Solutions Chindata Group stands as a pioneer in building state-of-the-art […]
Citi Treasury and Trade Solutions (TTS) is stepping up its game by partnering with Pismo, a banking and payments software company known for its innovative technology. The collaboration will see Citi utilize Pismo’s tech platform to boost its corporate demand deposit accounts (DDA) offered to global clients, marking a significant move towards “always-on” capabilities and […]
Citigroup (Citi) said that its Russian subsidiary — AO Citibank has signed a deal to divest a portfolio of ruble-denominated personal installment loans to Russian commercial bank Uralsib. The financial terms of the deal were not disclosed by the American banking group. Subject to customer consent, Citi will also transfer a portfolio of ruble-denominated credit […]