Former Goldman Sachs $GS.NE banker Tim Leissner was sentenced to two years in prison by a New York court for his pivotal involvement in one of the largest financial scandals in recent history—the 1Malaysia Development Berhad (1MDB) case. This multibillion-dollar corruption scandal spanned multiple continents and implicated high-ranking officials, including former Malaysian Prime Minister Najib Razak, as well as top executives at Goldman Sachs.
India’s top two stock exchanges, the National Stock Exchange (NSE) and BSE Ltd. $BSELINFRA.NS, have temporarily restricted access to their websites for international users. The decision to limit foreign access was made during a joint meeting between the exchanges earlier this week, which was focused on addressing growing cybersecurity concerns. The move comes as a precautionary step to safeguard the integrity of the platforms, especially amidst rising tensions in the region. However, sources indicate that this restriction will not impact foreign investors' ability to trade on Indian markets.
Shares of French conglomerate Kering $KER.PA nosedived 5.42% at Thursday’s market open, following a disappointing Q1 sales report that fell short of analyst expectations. The group’s annual revenue dropped by 14%, while its flagship label, Gucci, faced an even steeper decline—down 25% year-on-year.
Unilever $ULVR.L has posted robust first-quarter results, surpassing analysts’ expectations for sales growth. The company’s performance was driven by higher product prices and growing demand for premium offerings. Despite ongoing global trade tensions, Unilever maintains that the direct effect of tariffs will be minimal.
LG Electronics Inc. $066570.KS has made the decision to suspend the initial public offering (IPO) process for its Indian subsidiary, citing market volatility and economic uncertainty as key reasons. The IPO, initially expected to occur in May, may now be postponed according to representatives from the South Korean electronics giant.
Moody's Corporation $MCO, a leading provider of bond ratings and corporate financial analysis, recently announced a revision of its financial forecasts for the current year. This adjustment is primarily driven by the adverse impacts of tariff wars creating uncertainty in the markets, which in turn leads to a decline in bond prices and a slowdown in mergers and acquisitions activity.
Japanese investment bank Nomura Holdings $8604.T is embarking on its largest international expansion since its unsuccessful acquisition of Lehman Brothers' assets. The bank has agreed to acquire Macquarie Group's $MQG.AX public asset management business in the U.S. and Europe for $1.8 billion. This transaction significantly reshapes the investment landscape and opens new opportunities for the financial giant.
Recently, the Chinese tea company Chagee successfully raised $411 million in its New York IPO, setting the share price at $28 each. This achievement comes as financial markets face mounting pressure from escalating trade disputes and concerns over the potential delisting of Chinese companies from U.S. exchanges.
In the first half of April 2025, the London-based management company Man Group Plc $EMG.L encountered significant losses, as reported in their recent statement. The assets under management declined by $5.6 billion, attributed to market upheavals driven by U.S. President Donald Trump’s tariff policies. This article will explore the causes of the asset reduction, the impact on stocks, and the state of financial markets.
PwC, a cornerstone of the Big Four accounting firms, is currently undergoing a significant transformation by withdrawing from a number of smaller and riskier countries. This pivotal move reflects the company’s intent to enhance internal controls and mitigate regulatory risks, especially in the wake of recent scandals that have impacted its global business reputation.
Recent developments in the world of finance have brought the issue of corporate buyouts back into focus. British financier Eddie Truell has signaled a potential buyout proposal for De La Rue at 132.17 pence per share. This figure surpasses the recommendation of 130 pence per share made by Atlas Holdings, an American asset buyout firm. The fully cash-funded deal values De La Rue at 263 million pounds sterling (approximately 347.1 million dollars), representing a 16% premium over Monday’s closing price.
Amid escalating trade tensions between the US and China, recent developments have underscored a significant shift affecting major players in the aviation industry. According to Bloomberg, Beijing’s $BEIJF decision marks a pivotal response to the steep tariffs of up to 145% imposed by the US on Chinese goods. This move not only reshapes market dynamics but also has far-reaching implications for global supply chains.
