LVMH Moët Hennessy Louis Vuitton SE $MC.PA, the world’s largest luxury conglomerate, has reported a sustained contraction in luxury spending among Chinese consumers. Stéphane Bianchi, Deputy CEO of LVMH, highlighted this trend during recent parliamentary testimony, underscoring that Chinese buyers have significantly reduced both travel and discretionary consumption over the past quarter. This signals that the widely anticipated rebound in Chinese demand for premium products remains subdued.

BP Plc $BP faces a transformative decision as it explores options for its Castrol business, fueled by mounting acquisition interest from global energy groups and leading private equity funds. Sources close to the matter indicate that BP has circulated early-stage materials to targeted parties, including key industry players like Reliance Industries Ltd. $RELIANCE.NS and major financial sponsors such as Apollo Global Management Inc. $APO and Lone Star Funds. Investment groups Brookfield Asset Management Ltd. $BAM and Stonepeak Partners have also received information dossiers, highlighting the scope of market appetite for Castrol’s established business.

The upcoming initial public offering by Circle Internet Group Inc. is rapidly becoming a landmark moment in the intersection of legacy finance and the blockchain sector. According to recent SEC data, BlackRock Inc. $BLK is seeking to acquire approximately 10% of the shares offered during Circle’s IPO. This strategic intent demonstrates the expanding appetite of established capital market participants for exposure to digital asset infrastructure.