HSBC Profit Squeezed by Costs, Higher Impairment Charges
The London-headquartered bank recorded a $2.1 billion impairment linked to its holding in Bank of Communications Co. At the same time, the firm said expenses jumped 10% to $8.9 billion.
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Yahoo
6 minutes ago
- Yahoo
Global M&A hits $2.6 trillion peak year-to-date, boosted by AI and quest for growth
By Emma-Victoria Farr and Amy-Jo Crowley LONDON (Reuters) - Global dealmaking has reached $2.6 trillion, the highest for the first seven months of the year since the 2021 pandemic-era peak, as a quest for growth in corporate boardrooms and the impact of a surge in AI activity has overcome the uncertainty caused by U.S. tariffs. The number of transactions to August 1 is 16% lower than the same time last year, but their value is 28% higher, according to Dealogic data, boosted by U.S. megadeals valued at more than $10 billion. They include Union Pacific Corp's proposed $85 billion acquisition of small rival Norfolk Southern and OpenAI's $40 billion funding round led by Softbank Group. The upsurge will be a relief to bankers who began the year with expectations the administration of U.S. President Donald Trump would lead to a wave of consolidation. Instead, his trade tariffs and geopolitical uncertainty made companies pause until renewed confidence in corporate boardrooms and the U.S. administration's anti-trust agenda changed the mood. "What you're seeing in terms of deal rationale for transactions right now is that it's heavily growth-motivated, and it's increasing," Andre Veissid, EY Global Financial Services Strategy and Transactions Leader, told Reuters. "Whether it's artificial intelligence, the change in the regulatory environment, we see our clients not wanting to be left behind in that race and that's driving activity." Compared with August 2021, when investors, rebounding from pandemic lockdowns drove the value of deals to $3.57 trillion, this year's tally is nearly a $1 trillion, or 27%, lower. Still deal-makers at JPMorgan Chase JP Morgan Chase have said there is more to come, with companies pursuing bigger deals in the second half of the year as executives adapt to volatility. "People have got used to the prevailing uncertainty, or maybe the unpredictability post-U.S. election is just more predictable now," Simon Nicholls, co-head of Slaughter and May Corporate and M&A group, said. Nigel Wellings, Partner at Clifford Chance said the market was moving beyond tariffs. "Boardrooms are seeing the M&A opportunity of a more stable economic environment and positive regulatory signals. But it is not a frothy market." FROM HEALTH TO TECH While the healthcare sector drove M&A in the years after the pandemic, the computer and electronics industry has produced more takeover bids in the U.S. and the United Kingdom in the last two years, according to Dealogic. Artificial intelligence is expected to drive more dealmaking. M&A activity has increased around data centre usage, such as Samsung's $1.7 billion acquisition of Germany's FlaktGroup, a data centre cooling specialist. Palo Alto Networks $25 billion deal for Israeli cybersecurity peer CyberArk was the largest deal in Europe, Middle East and Africa so far this year as rising AI-driven threats push companies to adopt stronger defences. Private equity, which had been sitting on the sidelines, has once again been active, with Sycamore Partners' $10 billion deal to take private Walgreens Boots Alliance and a sweetened $6.4 billion offer from Advent for UK scientific instrument maker Spectris. The U.S. was the biggest market for M&A, accounting for more than half of the global activity. Asia Pacific's dealmaking doubled over the same year to date period last year, outpacing the EMEA region. Sign in to access your portfolio
Associated Press
9 minutes ago
- Associated Press
Founder of 4AM Group, Arif Mohammad Announces the Launch of Luxury Watch Brand with Flagship Stores in 4 Countries
With Global Swiss Collaboration, the 4AM Group will be opening flagship stores in London, Dubai, Riyadh, and Mumbai. UNITED KINGDOM, August 4, 2025 / / -- Arif Mohammad, founder of multinational conglomerate 4AM Group, has officially announced the launch of his next landmark venture, an $83 million luxury watch brand in collaboration with one of the world's most iconic Swiss watchmakers. With the goal to elevate the global timepiece market, this new premium brand will offer Swiss precision and bold design and will be available through a global e-commerce platform as well as exclusive flagship boutiques in London, Dubai, Riyadh, and Mumbai. The project's first phase includes full brand development, online distribution, and store rollouts across these four cities, with expansion already planned for New York, Paris, Geneva, Doha, and Tokyo in the following 12–18 months. 'This watch is not just about luxury. It's about legacy, precision, and the bold story behind every second,' says Arif Mohammad. 'With a world-class Swiss partner and a global design vision, we are entering the market not just to compete, but to lead.' The debut collection will include limited-edition models crafted with high-grade materials and timeless aesthetics, priced to attract discerning collectors and emerging luxury buyers alike. 4AM Group: A Global Enterprise Fueling Innovation, Strategy, and Excellence Founded by visionary entrepreneur Arif Mohammad, 4AM Group is a dynamic, multi-dimensional enterprise with operations spanning the UAE, Saudi Arabia, the UK, and over 65 countries worldwide. With a foundation rooted in integrity, innovation, and client-centricity, 4AM Group is recognized as a trusted partner across industries, from oil & gas procurement and enterprise software to luxury real estate, hosting solutions, and strategic business consulting. A Vision That Crosses Borders Each of 4AM Group's strategic hubs serves a specific operational purpose: procurement, leasing, digital platforms, and consultancy, ensuring seamless execution, robust global supply chains, and on-ground client support. This global footprint reflects Arif Mohammad's deep understanding of international markets and his ability to scale ventures while maintaining localized precision. Diversified Expertise, Unified Excellence Under Arif's leadership, the company first made its mark in oil and gas procurement, earning trust through high-impact projects with giants like Saudi Aramco, SABIC, Chevrolet, Toyota, Mayo Clinic, and Johns Hopkins. Landmark projects like the Haradh Gas Plant and Al Khuraif Gas Plant demonstrate the group's capability to deliver on scale, complexity, and precision. From there, Arif strategically expanded 4AM's portfolio into enterprise software, international logistics, and domain & hosting solutions, including full-stack web development, cloud hosting, and business setup services across the UAE, UK, and US. A Leader in Luxury Real Estate & Global Lifestyle Ventures In the luxury real estate sector, Arif has built and manages an exclusive leasing portfolio featuring celebrity and corporate-leased properties across major global cities. These ventures are known not only for their prestige but also for their strong ethics, operational discipline, and people-first philosophy, values that have become the hallmark of the 4AM brand. Now, with the launch of a luxury watch brand, Arif is poised to enter the world of haute horology, blending timeless craftsmanship with modern business sensibilities and a global lifestyle vision. Excellence in Every Division 4AM Group's operational diversity spans: - Oil & Gas Products & Services - Hose Manufacturing (since 1976) - Belt Manufacturing (Houston, Texas) - Software Development & Hosting Solutions - Real Estate Investments - Business Setup in UAE, UK, US - Residency & Citizenship Solutions With a network of 3,000+ manufacturers, 97.4% on-time delivery, and 100% bidding success, 4AM continues to deliver high-quality, high-impact projects backed by unmatched industry expertise. Corporate Social Responsibility & Vision From environmental sustainability to anti-slavery compliance and data security, 4AM Group holds itself to the highest standards of ethical governance. The company's CSR policies, Code of Business Conduct, and public engagement reflect a long-term commitment to responsible growth. Its vision is to become a globally recognized group of companies known for quality, customer satisfaction, and continuous growth. For more information, please visit Arif Mohammad 4AM Group [email protected] Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Yahoo
36 minutes ago
- Yahoo
Tesla needs Elon Musk: Why investors awarded Musk $29B in stock
Tesla (TSLA) shareholders approved an award of $29 billion worth of stock for CEO Elon Musk, the world's richest man. Great Hill Capital chairman and managing member Thomas Hayes joins the Yahoo Finance team on Opening Bid to discuss Musk's latest compensation. To watch more expert insights and analysis on the latest market action, check out more Opening Bid. It's interesting the board said that we needed to give him this grant to keep him focused on Tesla. I mean, he's got 13% of a trillion dollar company. That's 130 billion round numbers, close to half of his net worth. I don't know that he needs that to keep him focused on Tesla, but maybe they need to keep him in the picture. Uh, and that's exactly what they're doing here. I mean, with the EV tax credits going away, you're seeing the big three pivot away from EVs towards hybrids. And ex Chinese EV companies, I think Tesla is going to be the last man standing. Uh, and they do need Elon Musk, and they do need to pivot the company towards humanoid robots and towards robo taxis for it to continue to grow into its current valuation, because the EV numbers haven't been great, and they're not going to get much better. Thomas, what bothers me about this is, um, so Elon may stay until 2027. Dan Ives thinking 2030. Yet we still have no clear plan on succession. Or am I wrong to care about that? Or does it even matter? Is Elon Musk still driving the story? No pun intended. I think it's another equity grant in 2027 or 2030. Look, Tesla is Elon Musk. Elon Musk is Tesla. You take him out of the picture, all that premium goes away. He's the innovator, he's the guy who slept on the factory, he's the guy who took it out of bankruptcy, he's the guy who got the government to give him all the subsidies. Uh, without Elon, candidly, I don't think there is a Tesla. So, uh, they got to give him what they got to give him to keep him focused, to keep him staying, to true up what he was already promised in 2018 and what he delivered on in terms of performance. So, uh, to be continued, he'll be getting more stock uh, to keep him in 2030. That's for sure, unless the humanoid and the robo taxis takes off on a life of its own that uh, uh, it's so spectacular. It doesn't matter who runs it. You know, Buffett said, uh, buy a company that's so great that even a ham sandwich could run it because one day a ham sandwich will run it. Uh, Tesla is nowhere near that point, but maybe if the technology is strong enough, uh, four or five years out, uh, we can have a different conversation. And as maybe that conversation is maybe the thing or the person, or whatever it is that succeeds Elon Musk, maybe it's just one of his robots. Maybe that's what we're looking at here. Perhaps, and maybe, I mean, I think that Tom has a point that Tesla definitely is Elon Musk. This is a company that's run by a bigger than life sort of force, so to speak, when it comes to Elon Musk. And he has, he's running other companies as well. I mean, if you take a look at Neurolink, SpaceX, uh, putting internet access in remote areas. So really, when you're looking at Tesla, you are also looking, we've seen Tesla be sort of a cultish stock, so to speak, throughout the pandemic. I think that continues because you are betting on Elon Musk, and it's kind of hard to bet against somebody that is leading so many other companies as well. It's it's interesting that this, um, compensation comes sort of, it's it's, it's kind of doubtful that he would be leaving Tesla, right? I mean, when investors think about Tesla, uh, you you don't really necessarily think that Elon Musk would be leaving the company, so to speak, because he is spearheading this new direction towards these robots, towards robo taxis. I mean, it's a clear pivot that the company is doing, and you don't imagine anyone else leading it but Elon Musk. Or maybe that robot in his. Let's just be honest. That's where things may be headed here. I mean, you don't have to pay probably pay this robot. Related Videos Why Berkshire Hathaway may face 'pressure' to pay cash dividend Musk's $29B award, Figma nosedives, OpenAI nears 700M users Elon Musk's $29B award may raise board independence concerns Wilbur Ross–backed BPGC taking iRocket public via $400M SPAC Erro ao recuperar dados Faça login para acessar seu portfólio Erro ao recuperar dados Erro ao recuperar dados Erro ao recuperar dados Erro ao recuperar dados
