Brent futures added as much as 1.4%, while West Texas Intermediate also rose, erasing an earlier decline after China said it is potentially receptive to trade negotiations with President Donald Trump’s administration.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
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Oil futures turn higher as China signals openness to US talks
Brent futures added as much as 1.4%, while West Texas Intermediate also rose, erasing an earlier decline after China said it is potentially receptive to trade negotiations with President Donald Trump’s administration. Read here
BlackRock boosts outlook for US after tariffs pause
The BlackRock Investment Institute says that it is taking a modestly more bullish stance on American stocks following the announcement of a 90-day pause in implementing most US tariffs. Read here
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Figma ignores tariff fear, files paperwork for IPO
The California-based design software startup, which was last valued at $12.5 billion in May of 2024, has filed its confidential documentation for an initial public offering in a move that surprised market observers. Read here
PHOTO: FIGMA
NEWS WORTH NOTING
NEWS WORTH NOTING
Nvidia faces $5.5B charge as US restricts chip sales
The California-based leader in graphics processing units said it would absorb a hit after the US government limited exports of its H20 artificial intelligence chip to China, a key market for one of its most popular chips. Read here
The Swedish investment firm has received commitments for its ninth regional private equity fund and will reach its first close in April, with a target of $12.5 billion. Read here
KKR acquires German IT firm Datagroup for $500M
The private equity firm has reached a deal with the Frankfurt-listed cloud services provider on an all-cash transaction that values it at about $508 million. Read here
Coffee pot maker Bialetti
to be sold to NUO Capital
The Italian inventor of the iconic octagonal Moka Express has reached a deal with the Luxembourg-based investment firm, which will see the business sold and delisted. Read here
Lyft to enter European market with FreeNow buy
The American ride-sharing company is set to acquire the German mobility platform from car giants BMW and Mercedes-Benz for about $200 million to expand into the region. Read here