β οΈπΊπΈ The number of M&A deals has reached a 20-year low following "Liberation Day" in America. According to a report by Reuters, this significant decline highlights the changing landscape of business transactions in the country. For more details, visit the full article here.
β οΈπ·πΊ At the opening of trading, the Moscow Exchange Index (IMOEX) has decreased by 0.8%.
πΊπΈ OpenAI has announced plans to share a smaller percentage of its revenue with Microsoft following a restructuring, according to The Information.
π¨ Chinaβs Ministry of Foreign Affairs has announced that negotiations on tariffs with the United States will take place at the request of the U.S. government. The discussions aim to address ongoing trade tensions between the two nations.
π The EM currency index has reached record highs against the dollar. This milestone indicates a significant shift in the financial landscape, reflecting the strength and resilience of emerging market currencies. Investors are closely monitoring these developments as they may impact global economic trends. For more information, visit here.
ππ¨π³ China has been purchasing gold for six consecutive months, according to Bloomberg.
π©πͺ Germany's Defense Minister plans to set defense spending at over 60 billion euros annually starting in 2025, according to RTRS.
π¨ Chinaβs Geely is proposing to privatize Zeekr, offering to buy company shares at $25.66 per ADS. This represents a 13% premium over the current market price.
π₯π·πΊ The Central Bank of Russia will reduce daily currency sales from 10.46 billion rubles to 6.56 billion rubles between May 13 and June 5. Additionally, the Russian Ministry of Finance will resume purchasing currency and gold in accordance with the budget rule, with daily operations set at 2.3 billion rubles. In May, the budget experienced a shortfall of non-oil and gas revenues amounting to 12.3 billion rubles, according to the Ministry of Finance. For more details, see the official release.
π¨ Tesla China reported sales figures for April, including exports, totaling 58,459 vehicles. This marks a month-over-month decline of 26% and a year-over-year decrease of 6%, according to data from the China Passenger Car Association (CPCA).
π¨ Russia's Zaymer has announced that the dividend meeting originally scheduled for May 12 has been rescheduled to May 13, 2024.