Latest Finance-Economy News
Santander Bolsters US Presence with $12.2bn Webster Bank Deal
Santander has acquired Webster Bank for $12.2 billion to strengthen its US operations. This move expands Santander's footprint in the American banking market.
PayPal Names HP's Enrique Lores as New CEO
PayPal appointed Enrique Lores, former HP CEO, as its new chief executive. This leadership change aims to drive innovation in digital payments.
Nubank Advances US Launch with OCC Approval
Brazilian digital bank Nubank received OCC approval to launch operations in the US. This regulatory greenlight supports its international expansion plans.
US Challenger Varo Bank Secures $123.9m Series G Funding
Varo Bank raised $123.9 million in a Series G round to fuel growth. The funding bolsters the neobank's competitive edge in the US market.
Corpay Sells PayByPhone to Lightyear Capital
Corpay divested its PayByPhone parking payment unit to Lightyear Capital. The sale allows Corpay to focus on core business segments.
Global Trade Downturn Eases at Start of 2026
The global trade contraction softened in January 2026, with manufacturing trade near-stabilizing. Goods production rose at the sharpest pace since June 2024, driven by new orders.
Rising Price Pressures Threaten Manufacturing Recovery
Goods producers raised selling prices at the quickest pace in nearly three years due to higher US tariffs and metal prices from geopolitical tensions. This could hinder the manufacturing rebound.
India and South Korea Lead Goods Export Growth
India and South Korea recorded the strongest growth in goods new export orders in January. South Korea's increase was the fastest in almost five years, fueled by new product launches.
Japan and UK See First Export Expansion in Years
Japan and the UK reported their first rise in goods new export orders in about four years. Foreign demand pickup contributed to this positive shift.
China Records Slight Renewal in Goods Exports
Mainland China observed a modest increase in external demand for goods at the start of 2026. This marks a turnaround amid broader trade challenges.
Canada, Brazil Face Steepest Goods Trade Downturns
Canada and Brazil continued experiencing sharp declines in goods trade due to ongoing US trade issues. The US, EU, and Russia also saw reductions.