Reuters - Squid Business

Mining M&A spree to keep Australia dealmaking humming after $37 billion in first quarter

By Melanie Burton and Scott Murdoch MELBOURNE (Reuters) – As automakers and chemicals suppliers scramble to secure raw materials, resource-rich Australia has become a rare global bright spot with $37 billion worth of M&A deals in the first quarter, with the trend expected to continue in the near term. The increased dealmaking activity is forecast …

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NielsenIQ says needs more time to file for GfK acquisition

BRUSSELS (Reuters) – Advent-owned NielsenIQ’s said it had notified the European Commission it would withdraw the current acquisition filing for German market research firm GfK, adding a new tie-up plan would be submitted “as soon as possible”. “During ongoing discussions, the Commission made clear that approval is possible provided that certain remedies are created in …

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Russia’s Yandex buys Uber’s stake in taxi JV for $703 million

(Reuters) -Russian tech giant Yandex said on Friday it had bought Uber’s stake in their joint taxi venture for $702.5 million, becoming the sole owner of the Yandex.Taxi business and bringing Uber’s involvement in Russia to a close. “As a result of the deal, Yandex will become the sole owner of the group, which includes …

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Zambia to send debt restructuring plan to China, other creditors ‘very soon’

By Marc Jones and Jorgelina do Rosario LONDON (Reuters) -Zambia will send its first fully-formed debt restructuring plan to China and other government creditors “very soon” the government’s legal advisors said, as it looks to capitalise on fresh momentum seen in high-level talks in recent days. Zambia has been in default since 2020 when it …

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Procter & Gamble boosts sales view as price hikes see little pushback

By Jessica DiNapoli and Ananya Mariam Rajesh (Reuters) -Procter & Gamble Co’s customers continued to show little resistance to repeated price hikes, helping the Tide detergent maker boost its sales forecast and third-quarter margins. The maker of Pampers diapers, Pantene shampoo and Oral-B toothpaste raised average prices across its categories by 10% during the quarter, …

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Indian business delegation to visit Russia to explore agri exports

By Manoj Kumar NEW DELHI (Reuters) – An Indian business delegation will visit Russia on April 24-27, the Indian exporters’ body said on Friday, a fresh sign of expanding bilateral trade ties as Moscow increasingly turns east in response to Western sanctions imposed over the Ukraine war. The announcement follows a visit by Russian trade …

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Volkswagen increases Q1 sales despite weaker China business

BERLIN (Reuters) – Volkswagen significantly increased deliveries in the first quarter despite weaker business in China, its most important single market, the German carmaker said on Friday. The group delivered 2.04 million vehicles to customers worldwide, up 7.5% compared with the same quarter last year, while in China, sales fell 14.5% to 644,500 vehicles. Sales …

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Ukraine presses for weapons as U.S. and allies meet in Germany

RAMSTEIN AIR BASE, Germany (Reuters) – Ukraine pressed allies for long-range weapons, jets and ammunition as the United States hosted a meeting at the Ramstein air base in Germany on Friday to discuss stepped up support to repel the Russian invasion. U.S. Defence Secretary Lloyd Austin said the meeting would focus on air defence and …

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Deloitte to cut 1,200 jobs in the US – FT

(Reuters) -Deloitte will cut around 1,200 jobs or 1.5% of its U.S. workforce, the Financial Times reported on Friday, citing internal employee communications. The layoffs at the auditing firm will be higher in areas such as the financial advisory business, which has been affected by a slump in merger and acquisition activity, the newspaper said. …

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Switzerland weighing evacuation of civilians, some embassy staff from Sudan

GENEVA (Reuters) – Switzerland said on Friday it was examining ways to evacuate Swiss nationals from Sudan and a portion of its embassy staff amid ongoing clashes between the army and a paramilitary force. The foreign affairs department said there were some 100 Swiss nationals registered in Sudan while others are thought to be visiting …

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