Insiders have won over Elliott by again raising their lowball bid for Toyota Industries to value it at $40 bln. At 26% above the first offer, it diverts some juice from the buyers and falls short of ...

Struggling fund manager Magellan is buying Aussie advice shop Barrenjoey at a $1.1 bln valuation. Despite its fast growth, 15 times profit is a discount to peers like Evercore and Moelis. Boss Brian ...

Lenders from Barclays to BNP have struck 'risk transfer' deals covering $885 bln of loans, flattering their equity ratios.

Fast-growing e-wallet provider PayPay is branching into loans and securities trading. To hit a valuation of $20 bln in its US listing, Masayoshi Son needs to convince investors it’s primed to become ...

Welcome back! Payments firm Block is cutting nearly half its 10,000 employees after CEO Jack Dorsey said artificial intelligence tools allowed a smaller team to “do more and do it better”. Is the ...

Fresh US and Israeli strikes attempted to remove Tehran’s leaders, rather than force a nuclear deal. Yet the president’s hope ...

Payments firm Block is firing nearly 50% of workers, saying automation lets it do more with less. It grew bloated during the ...

Restaurant chain Chipotle’s pricing power and valuation premium over fast food rival McDonald's are both fading. Cost-fatigued Gen Z are picking more affordable cups of cold caffeine with fancy ...

The French energy group’s purchase of power networks from CK Hutchison is a $21 bln bet on Britain. UK political ructions could see a new and less friendly Westminster government. Engie’s trump card ...