EQT Makes Final Intertek Bid as Investors Push for Deal Talks
EQT AB has made a fourth and final bid to acquire Intertek Group Plc as the British product-testing company comes under increasing pressure from its investors to pursue a deal.
EQT AB has made a fourth and final bid to acquire Intertek Group Plc as the British product-testing company comes under increasing pressure from its investors to pursue a deal.
Munich Re said it has investments of as much as €2.5 billion ($2.9 billion) in private credit, an asset class that has been facing fund redemptions and scrutiny of underwriting standards.
The France-Africa summit has mobilized deals amounting to 23 billion euros ($27 billion), according to President Emmanuel Macron.
British government debt fell sharply on Tuesday, with reports suggesting Prime Minister Keir Starmer may face a leadership challenge or even resign as early as today.
An ink shortage caused by the Middle East conflict is forcing Japan’s biggest potato-chip maker to tone down its packaging, the latest sign that a widening raw-materials crunch is rippling through global markets.
Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today’s key themes for analysts and investors on “Bloomberg: The Opening Trade.” (Source: Bloomberg)
Siemens Energy is benefiting from surging artificial intelligence use that’s driving demand for power-hungry data centers, especially in the US. In an interview on Bloomberg Daybreak Europe, CFO Maria Ferraro said she sees demand going well “into the next decade.” (Source: Bloomberg)
Meera Chandan, global FX strategy co-head at JPMorgan, discusses the outlook for the dollar and inflation. Speaking on Bloomberg Television, she says she expects inflation to stay “persistently higher,” with central banks such as the Federal Reserve “quite constrained” in how much easing they can deliver. (Source: Bloomberg)
On today’s show, the ceasefire between the US and Iran reached a particularly precarious moment as President Donald Trump said the agreement was on “massive life support” after he rejected Tehran’s latest peace offer. The Middle East and trade are expected to top the agenda when President Trump and Chinese counterpart Xi Jinping meet Thursday morning in Beijing.
The Kospi saw wild swings — shedding more than $300 billion in value over 97 minutes, and then paring losses — after a top South Korean official floated the idea of a “citizen dividend” using AI profits but later clarified it would be funded by excess profits.
And Keir Starmer is facing growing pressure to step down as Britain’s prime minister after dozens of members of Parliament, including Cabinet allies, are said to have joined calls for Starmer to set out a timetable for his departure.
Today’s guest: Maria Ferraro, Siemens Energy, CFO. (Source: Bloomberg)