Canadian convenience store giant Alimentation Couche-Tard (ACT) has set its sights on Seven & i wHoldings, the Tokyo-based parent company of 7-Eleven. If the deal goes through—ACT submitted an offer to buy all outstanding shares of Seven & i last month—it will mark a significant step into Japan’s retail market by a foreign firm, but … Read more
A $734 million initial public offering by Ola Electric Mobility Limited, an Indian electric two-wheeler (E2W) maker, surpassed expectations to emerge as the Mumbai market’s most successful-ever debut on August 9. Ola is a pure electrical vehicle (EV) brand with a leadership position in scooters and motorcycles, claiming a 49% market share in the E2W … Read more
We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. Learn more. Car insurance rates have jumped nearly 20% in the past year, making the average annual cost over $1,700 and increasingly pushing vehicle ownership out of … Read more
The race for Latin America’s massive stablecoin market has become more competitive. Following the successful launch of Circle’s proprietary USDC via behemoth banks BTG Pactual and Nubank in March, the unicorn Latin American startup Mercado Libre has rolled out its commission-free dollar-backed stablecoin, the Meli Dolar. Pegged 1-to-1 to the US dollar, the Meli Dolar … Read more
To avoid bias in customer-facing banking applications, the Hong Kong Monetary Authority (HKMA) issued new generative artificial intelligence (GenAI) guidelines as more banks adopt such technologies. In a mid-August notice, the territory’s de facto central bank said financial institution boards and senior management should “remain accountable for all the GenAI-driven decisions and processes.” Banks seeking … Read more
Ads by Money. We may be compensated if you click this ad.Ad *Rates and APYs are subject to change. All information provided here is accurate as of September 4, 2024. Money’s Main Takeaways VA loans are one of the main benefits the federal government offers to retired and active-duty members of the military Borrowers can … Read more
Call it “the CFO shuffle.” Top finance leaders are shifting from one company or position to another—or opting for retirement—at a faster rate. That’s according to the latest data from Russell Reynolds Associates, which specializes in executive searches. This year saw increased levels of turnover, with the proportion of outgoing finance chiefs reaching 8.9% globally … Read more
Later this month, the Federal Open Market Committee is poised to cut interest rates for the first time since 2020. It’s a major decision that will have consequences for tons of American consumers — so you should get ready now. For context, the Federal Reserve has been on an absolute crusade to bring down inflation, … Read more
Kuwait lenders Boubyan Bank and Gulf Bank—the emirate’s third- and fifth-largest banks—have disclosed they are in preliminary talks that may lead to a merger. If the merger goes ahead, it will create an Islamic bank with assets of around $53 billion and about a 15% market share measured by consolidated assets, Fitch Ratings said in … Read more
We may earn a fee if you click on the links below. Compensation does not determine ranking. Not all brands are included. Learn more. Ads by Money. We may be compensated if you click this ad.Ad Charge-off accounts can impact your credit significantly, keeping you from being approved for new credit or causing higher interest … Read more