Business

Westpac director Nash leaves board over ties to KPMG

Wednesday, July 1 by SRN News

By Scott Murdoch SYDNEY, July 1 (Reuters) - Australian bank Westpac said on Wednesday that non-executive director Peter Nash would leave its board, citing his relationship with troubled auditor KPMG. KPMG is embroiled in a scandal over whistleblower allegations it shared confidential company information with prospective... Read More.

Survey shows Japan’s business sentiment improving for a 5th straight quarter

Wednesday, July 1 by SRN News

TOKYO (AP) - Business sentiment among major Japanese manufacturers has improved for a fifth straight quarter, the Bank of Japan said in its quarterly "tankan" survey released Wednesday. The survey's so-called diffusion index rose to 22 from 17 in the previous quarter, the BOJ said.... Read More.

Volkswagen cuts are ‘wake-up call’ for European industry, BYD advisor says

Wednesday, July 1 by SRN News

BERLIN, July 1 (Reuters) - Volkswagen's reported plans to drastically ramp up cuts are a "wake-up call" for the European automotive industry as Chinese carmakers target a higher market share, BYD's special advisor for the region said on Wednesday. "It's the first real wake-up call... Read More.

Xi touts Chinese wisdom and solutions as a model for developing nations

Wednesday, July 1 by SRN News

BEIJING (AP) - China's leader held up his country's rapid industrialization as a new pathway for developing nations in a speech Wednesday that projected a growing confidence both at home and on the world stage. Xi Jinping, now in his 14th year in power, noted... Read More.

CMA CGM nears $1.4 billion deal for FedEx logistics unit, FT reports

Wednesday, July 1 by SRN News

July 1 (Reuters) - French container shipping group CMA CGM is nearing a deal to buy FedEx's third-party logistics business for $1.4 billion in cash, the Financial Times reported on Wednesday, citing people familiar with the matter. Talks between the companies are at an... Read More.

Morning Bid: That’s a lot of meat to digest

Wednesday, July 1 by SRN News

July 1 (Reuters) - A look at the day ahead in European and global markets from Wayne Cole. It's been a hesitant start to the new quarter in Asia, partly as the market digests the meaty gains made last quarter and partly as the U.S.-Iran... Read More.

Analysis-In a warning sign, analysis shows publicly traded credit funds are unprofitable

Wednesday, July 1 by SRN News

By Nell Mackenzie and Iain Withers LONDON, July 1 (Reuters) - The majority of publicly traded business development companies (BDCs) - the visible part of the private credit market - have turned unprofitable due to falling asset values and rising costs, a Reuters analysis... Read More.

Mega-deals fuel record M&A as boards dream big on takeovers

Wednesday, July 1 by SRN News

By Anousha Sakoui, Echo Wang and Kane Wu LONDON/NEW YORK/HONG KONG, July 1 (Reuters) - A surge in $10-billion-plus "mega-deals" drove global M&A to record levels in the first half of 2026, LSEG data shows, as some companies took advantage of an easier regulatory... Read More.

Foreign bids help drive UK targeted M&A to new highs over $231 billion already in 2026

Wednesday, July 1 by SRN News

By Anousha Sakoui and Samuel Indyk LONDON, July 1 (Reuters) - A rush of foreign bids for UK companies has put Britain on track to outstrip all previous records for dealmaking in 2026, with the total value of offers for the country's companies rising... Read More.

Ukrainian drone attacks on oil refineries plunge Russia into a summer fuel crisis

Wednesday, July 1 by SRN News

The lines are growing at Russian gas stations - and so is the frustration and uncertainty as several months of Ukrainian attacks have set oil refineries ablaze and choked supplies for motorists across the vast country. Fuel rationing has been introduced in many regions, with... Read More.

Current Weather

Westpac director Nash leaves board over ties to KPMG

Survey shows Japan’s business sentiment improving for a 5th straight quarter

Volkswagen cuts are ‘wake-up call’ for European industry, BYD advisor says

Xi touts Chinese wisdom and solutions as a model for developing nations

CMA CGM nears $1.4 billion deal for FedEx logistics unit, FT reports

Morning Bid: That’s a lot of meat to digest

Analysis-In a warning sign, analysis shows publicly traded credit funds are unprofitable

Mega-deals fuel record M&A as boards dream big on takeovers

Foreign bids help drive UK targeted M&A to new highs over $231 billion already in 2026

Ukrainian drone attacks on oil refineries plunge Russia into a summer fuel crisis

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