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Global Market - Angel One
India’s Operation Sindoor Shakes Pakistan’s Stock Market (KSE)
8 May 2025After India carried out Operation Sindoor on May 7, targeting 9 terrorist camps across Pakistan and Pakistan-occupied Kashmir, Pakistan’s stock market saw a sharp fall. The KSE-100 index crashed by over 6%, leading to a halt in trading. This came just a day after a 3% drop, triggered by growing tensions following the Pahalgam terror …
Uber to Acquire 85% Stake in Turkey’s Trendyol GO for $700 Mn
7 May 2025Uber is set to deepen its presence in the Turkish market with a $700 million cash acquisition of an 85% stake in Trendyol GO, a leading local food and grocery delivery platform. As per news reports, the deal is expected to close in the second half of 2025, pending regulatory approvals. Strategic Push into Türkiye’s …
Skechers Acquired for $9 Bn by 3G Capital Amid US–China Tariff Tensions
6 May 2025The iconic footwear brand Skechers is being acquired for over $9 billion by investment firm 3G Capital, as per news reports. The all-cash deal, offering $63 per share, represents a 30% premium over Skechers’ 15-day average stock price. The move was unanimously approved by the company’s board. This acquisition comes during heightened U.S.-China trade tensions …
Met Gala 2025 Raised Record $31 Mn, Sets New Fundraising Benchmark
6 May 2025The Met Gala continues to cement its legacy as the most influential and lucrative cultural fundraiser in New York City, US. This year’s edition of the annual fashion spectacle raised a staggering $31 million, the highest in the event’s history, according to the Metropolitan Museum of Art. Hosted every first Monday of May at the …
- US Senate Passes Bill to Sanction Major Russian Oil Buyers; India, China at Risk of 100% Tariffs
- Russia Extends Diesel and Gasoline Export Ban Until January 2027
- Japan Trade Deficit Widens in June as Oil Imports Rise and Weak Yen Impacts Trade
- US-Iran Ceasefire Ends as Strait of Hormuz Dispute Triggers Fresh Military Escalation
- Uber-Backed Bike Rental Company Lime and Investors Raise $174 Million in IPO
