Indonesia’s newly established sovereign wealth fund, Danantara Indonesia, is reportedly engaged in early-stage talks with GoTo Group $GOTO.TA regarding a possible acquisition of Grab Holdings Ltd. $GRAB. While neither party has officially confirmed merger negotiations, the prospective deal could significantly alter the competitive dynamics in Southeast Asia’s digital economy.

The Federal Reserve’s decision to lift a longstanding cap on Wells Fargo's $WFC total assets marks a pivotal turning point for one of the United States’ most scrutinized banks. Instituted in 2018 following a series of compliance failures, the $1.95 trillion asset limit had severely constrained the bank’s ability to grow. The removal of this restriction represents not only regulatory validation of internal reforms but also opens new strategic avenues for business expansion.

Shares of Australian steelmaker BlueScope Steel Ltd $BSL.AX jumped sharply on Monday, reaching a more than three-month high after former U.S. President Donald Trump announced plans to double tariffs on imported steel. The move reignited investor interest in companies with significant U.S. operations, particularly those expected to benefit from potential trade barriers targeting foreign steel producers.