World Business Stars Magazine, 71-75 Shelton Street , Covent Garden, London (2025)

19/08/2025

It was reported that shares of Figma surged nearly 158% in their market debut, giving the design software maker a valuation of around $50 billion and positioning it as one of the most notable technology listings in recent years. The dramatic rise in value was seen as a clear sign of revived investor confidence in high-growth technology firms and marked a significant turning point for the U.S. initial public offerings market, which had been subdued by tariff-driven volatility earlier in the year. After nearly three years of limited activity, the market for public listings has been said to be regaining momentum, fueled by renewed optimism surrounding technology and artificial intelligence-driven companies.

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08/08/2025

It has been reported that advanced artificial intelligence (AI) chips developed by Nvidia, valued at over $1 billion, were believed to have entered China through illicit channels during a three-month period following the implementation of tighter export restrictions by the United States government. The information was shared by the Financial Times, which cited internal sales contracts, regulatory filings, and accounts from individuals with direct knowledge of the transactions.

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07/08/2025

It was reported by Mexican banking giant Banorte that a 4% rise in net profits had been recorded during the second quarter of the year, supported largely by double-digit expansion across its loan book. However, the profit figures had failed to meet market expectations, prompting mixed reactions from analysts and investors alike.

A net profit of 14.62 billion pesos, equivalent to approximately \$779 million, had been posted for the three-month period ending in June. Though positive year-on-year growth was reflected, the number was slightly lower than the 15.01 billion pesos that had been projected by analysts surveyed by LSEG. The shortfall was interpreted as a signal that despite Banorte’s steady operational performance, external pressures and volatile currency dynamics had weighed on its financial results.

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06/08/2025

It was announced by BitGo, a leading crypto custody startup based in the United States, that a confidential filing for an initial public offering (IPO) had been submitted with U.S. regulators. The disclosure was made on Monday, placing the company among a growing cohort of digital asset firms attempting to leverage renewed investor enthusiasm amid a remarkable resurgence in the cryptocurrency market.

This latest development was perceived as a direct response to the sharp climb in the overall value of the crypto sector, which has reportedly reached the \$4 trillion mark. Analysts and market participants have pointed to several factors driving this optimism, including clearer regulatory frameworks, growing acceptance of digital assets in corporate treasuries, and a steady influx of institutional capital into the space. These conditions were said to have created a fertile ground for public listings, prompting many established crypto firms to begin preparing for market debuts.

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05/08/2025

Morgan Stanley’s chief executive, Ted Pick, was reported on Wednesday to have indicated that the firm was actively evaluating acquisition opportunities, though it was emphasized that any future deals would be subject to a notably high bar of scrutiny. Pick, who now leads one of Wall Street’s premier dealmaking institutions, made these comments during a post-earnings call with analysts, where he was asked about the firm’s appetite for mergers and acquisitions following a solid quarterly performance.

It was stated that the firm’s leadership remained open to inorganic growth options that might align with its broader strategic goals. According to Pick, smaller acquisitions that would complement Morgan Stanley’s existing strengths in wealth and investment management were more likely to be pursued. Analysts were told that the bank was not inclined to make acquisitions simply for the sake of expansion, nor was it inclined to chase large deals without clear strategic and financial justification.

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30/07/2025

The Canadian dollar was reported to have rebounded on Wednesday after approaching a near three-week low earlier in the session. The recovery came as reports circulated in the media suggesting that U.S. President Donald Trump was considering dismissing Federal Reserve Chair Jerome Powell, a development which prompted a sell-off of the U.S. dollar and shifted market sentiment.
Market data showed that the Canadian dollar strengthened by approximately 0.2% against its U.S. counterpart, with the exchange rate settling at 1.37 Canadian dollars per U.S. dollar, equivalent to roughly 72.99 U.S. cents. Earlier in the day, the loonie had touched an intraday low of 1.3755 per U.S. dollar, a level not seen since June 27, before recovering amid volatile trading conditions. Currency analysts noted that the movement reflected a broader reaction to U.S.-driven developments rather than Canada-specific factors.

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24/07/2025

Financial markets in the United States concluded the week on a subdued note, with major indexes closing in the red on Friday. A renewed escalation in trade tensions, led by U.S. President Donald Trump's latest tariff declarations, was widely believed to have triggered the retreat in investor sentiment. Market participants expressed concern over the broader implications of the President's decision to impose hefty new tariffs on imports from Canada and other key trading partners.

It had been revealed late Thursday that President Trump had intensified his stance on trade by announcing a 35% tariff on Canadian imports, effective the following month. Additionally, he was reported to be preparing to extend tariffs of 15% to 20% on goods from most other foreign trading counterparts. These developments were interpreted as reigniting the volatility around global trade policy, which had previously begun to stabilize in the absence of new provocations.

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23/07/2025

Efforts were said to be underway by the European Union to conclude a trade agreement with the United States, though significant obstacles remained in securing immediate tariff relief and guarantees against future trade restrictions. These developments were shared in remarks reportedly made on Wednesday by the chair of the European Parliament’s trade committee, who had suggested that, while negotiations were progressing, core concerns had not yet been resolved.

It was indicated by Bernd Lange, a senior German lawmaker and member of the Social Democratic Party, that although he was not directly participating in the formal negotiation process, his exchanges with individuals actively engaged in the discussions had pointed to a narrow window for compromise. Discussions were believed to be centered around current U.S. tariffs imposed on European steel and automobile exports. The possibility of exemptions from baseline tariffs being proposed by the United States was also mentioned, though it was stressed that no firm outcomes had been secured.

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21/07/2025

🏆 Double Victory for Beltone Leasing & Factoring!

We’re proud to announce that:

🏅 Mr. Amir Ghannam has been named Best Leasing and Factoring CEO of the Year 2025

🏅 Beltone Leasing & Factoring has been awarded Best Leasing and Factoring Company – Egypt 2025

This recognition reflects our relentless pursuit of excellence, innovation, and leadership in Egypt’s financial services sector.

14/07/2025

In a move suggesting heightened awareness of global currency shifts, China's central bank was reported to have initiated a discreet consultation with selected financial institutions to understand the recent weakness of the U.S. dollar. According to individuals familiar with the matter, this inquiry was conducted by the People’s Bank of China (PBOC) through a survey distributed last week. The questions posed in the survey were said to have revolved around the current trajectory of the dollar, the perceived causes behind its depreciation, and expectations regarding the Chinese yuan’s exchange rate.
Although no official clarification had been provided by the PBOC regarding the intention behind this outreach, speculation among market participants pointed to growing concern among Chinese policymakers. One respondent involved in the consultation interpreted the move as an indication that the authorities might be uneasy about the potential for a rapid and disruptive appreciation of the yuan, particularly in contrast to the declining dollar. Another source suggested that the timing of the survey might have aligned with China’s efforts to assess the greenback's future direction, especially as high-stakes trade negotiations with the United States were expected to evolve in the coming weeks.
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11/07/2025

The Indian rupee was expected to begin trading on a weaker note on Wednesday, reflecting a broader trend of decline observed across most Asian currencies and equity markets. This downward momentum was reported to have been driven by renewed concerns surrounding the trade policies of U.S. President Donald Trump, particularly in light of his firm stance on not extending the July 9 deadline for ongoing trade negotiations.
According to market indicators, the 1-month non-deliverable forward for the Indian rupee had suggested an opening in the range of 85.62 to 85.64 against the U.S. dollar. This was a weaker level when compared to Tuesday’s closing rate of 85.52. Despite recent sessions showing relatively stable trading conditions, the rupee had been fluctuating within a well-defined range, bounded by key support near 85.90 to 86.00 on the downside and resistance close to 85.30 on the upside.

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World Business Stars Magazine

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