AT&T agrees to $2 billion sale of Mexican business
Grupo Televisa and Fintech Holdings will buy the unit through an equally owned consortium, with closing expected in the first quarter of 2027.
Globe And Street: global business and finance news
Companies
Mind Robotics appoints former Ford executive Doug Field as president
The Rivian spinoff has attracted more than $1 billion in backing and is developing robots to automate industrial manufacturing.
IPO & Deals
Pluto Security emerges from stealth with $42 million in funding
The startup says it has exceeded $2 million in annual recurring revenue and serves more than 30 enterprise customers after beginning sales in April.
- WorldEU-China agreement limits hybrid car exports and eases rare earths licensing
- MarketsAsian stocks trade unevenly as oil falls ahead of earnings
- Economy & PolicyBank of Korea to keep policy restrictive as inflation remains above target
- CompaniesMind Robotics appoints former Ford executive Doug Field as president
- IPO & DealsAT&T agrees to $2 billion sale of Mexican business
- Energy & CommoditiesOil edges lower as Russian diesel prospects offset Gulf supply risks
- Crypto & Digital AssetsFrench lawmakers back crypto exit tax, but budget hurdle remains
- FinanceSEC proposes restoring most fixed-income cross trades for registered funds
- TechNew York Times and Economist join coalition seeking controls on AI content use
EU-China agreement limits hybrid car exports and eases rare earths licensing
The deal allows 350,000 Chinese hybrid cars into the EU annually under quotas, as officials question whether concessions will slow work on stronger trade defenses.
Asian stocks trade unevenly as oil falls ahead of earnings
South Korean shares fell 2.2%, while US and European stock futures advanced. Brent crude dropped 1.6% amid uncertainty over Russian energy exports.
Bank of Korea to keep policy restrictive as inflation remains above target
Governor Shin Hyun Song cited energy costs and AI demand as inflation drivers, but declined to signal a decision for the October 22 policy review.
JPMorgan profit reaches $15.3 billion but earnings fall short of forecasts
Goldman Sachs, Citigroup and Wells Fargo also reported higher profits, while the banks cautioned about interest rates and inflation.
Giraffe Bio secures $6.4 million seed round to advance copper extraction
The startup says compounds matched to each mine’s mineral content could increase copper recovery by up to 5%.
Oil edges lower as Russian diesel prospects offset Gulf supply risks
Brent fell to $106.04 a barrel as traders weighed possible Russian fuel supplies against threats to Gulf shipping and energy infrastructure.
French lawmakers back crypto exit tax, but budget hurdle remains
Committee proposals would cover crypto holdings above €800,000 and require disclosure of some self-custody wallets. They must be resubmitted after a budget vote.
SEC proposes restoring most fixed-income cross trades for registered funds
The proposal would revise pricing and oversight requirements and add aggregate reporting of trading activity.
New York Times and Economist join coalition seeking controls on AI content use
The publisher-funded SPUR group has more than 80 members in over 20 countries and is developing standards to track AI use and support licensing.