Latest news with #Acquisitions
Hans India
20-07-2025
- Business
- Hans India
Double whammy for Land of the Rising Sun
In 2025, India's economic growth has propelled it to become the world's fourth-largest economy, surpassing Japan. While this marks a significant milestone for India, Japan faces challenges including potential US tariffs and a sluggish recovery, leading to anxieties amidst this shift in global economic rankings. As the US prepares to impose 25 per cent tariffs on Japanese goods from August 1, 2025, threatening to erode export earnings and slow growth, and with India projected to overtake Japan as the world's fourth-largest economy, Asia's trade dynamics are undergoing a dramatic shift. Against this backdrop, Rubix Data Sciences has released its latest Country Insights Report: Japan, offering a timely analysis of how Japan is navigating these challenges and how its deepening partnership with India is becoming increasingly strategic. Despite decades of economic strength, Japan is facing headwinds. Growth in 2024 slowed to just 0.1 per cent, and while corporate investments in chipmaking and record-breaking Mergers and Acquisitions (M&A) have offered some support, weak household spending and rising import costs have weighed heavily. Inflation, once dormant, remains above target at 3.7 per cent, with the Bank of Japan (BoJ) cautiously raising rates. The US' 25 per cent tariffs on Japanese exports, scheduled to take effect August 1, 2025, could slash Japan's GDP growth by up to 0.26 percentage points and cut exporter profits by 25 per cent, particularly in the critical automotive sector. 'The trade deficit has doubled in three years, and new tariffs are set to deepen the strain,' the report warns. Notably, the report highlights how Japan's corporate sector is responding with a wave of M&A activity, driven by governance reforms, private equity interest, and undervalued assets. Japan recorded its busiest year forM&A since 1985 in 2024, with deal value surging 44 per cent to over $230 billion, and the momentum has continued into 2025. Landmark transactions, such as Nippon Steel's acquisition of US Steel and Bain Capital's record healthcare deal, illustrate how Japanese firms are pursuing growth abroad and strengthening competitiveness at home. In parallel, India is projected to surpass Japan's GDP in 2025, signalling a tectonic shift in Asia's economic hierarchy. The report notes India's GDP edging ahead to $4,187 billion, narrowly overtaking Japan. Yet, rather than competitors, the two nations are increasingly strategic partners. Bilateral trade between India and Japan grew at a 13 per cent CAGR between FY2021 and FY2025 to cross $25 billion in FY2025, though India's trade deficit with Japan has nearly doubled, reaching $12.7 billion. Japan's imports from India, buoyed by rising demand for automobiles and smartphones, grew at an impressive eight per cent CAGR between FY2021 and FY2025, while India's imports from Japan grew by 15 per cent CAGR during the same period, driven by steel, copper, and precious metals. Automobiles now account for 13 per cent of India's exports to Japan, a remarkable rise from just one per cent four years ago, positioning India among Japan's top-5 car suppliers.
CNA
14-07-2025
- Automotive
- CNA
Autodesk focused on strategy, signals deal with PTC will not happen
NEW YORK :Design software maker Autodesk said in a regulatory filing on Monday that it plans to pursue its "strategic priorities" and make only "targeted and tuck-in acquisitions," signaling there will be no deal with software firm PTC. San Francisco-headquartered Autodesk's stock lost nearly 12 per cent late last week amid speculation that it was considering buying computer software and services company PTC Inc. Monday's one-paragraph filing with the U.S. Securities and Exchange Commission did not mention Boston-based PTC by name but left no doubt that any deal that might have been in the works to combine the two companies is now off the table. "We are confident in our plans to drive long-term shareholder value," the company said, adding it will pursue its established strategic priorities in cloud, platform, and AI. It will also allocate capital to organic investment, targeted and tuck-in acquisitions, and to continuing its share repurchase program as free cash flow grows, the filing says. Autodesk investors welcomed the news, sending the stock up nearly 7 per cent in pre-market trading after it closed at $280.39 on Friday. PTC's stock price, meanwhile, dropped 5 per cent in pre-market trading after having jumped some 10 per cent last week. Autodesk's signal that there will be no deal with PTC scuttles what might have been one of the year's biggest mergers, potentially valued up to $30 billion. Investors had been hoping for months that M&A markets might catch fire in the second half of the year after dealmakers urged caution in the first half against a backdrop of uncertainty created by U.S. President Donald Trump's tariff and tax policies as well as geopolitical tensions.
Yahoo
30-06-2025
- Business
- Yahoo
Analysis-Larger deals power global M&A in H1, bankers signal appetite for megadeals
By Sabrina Valle, Milana Vinn and Kane Wu NEW YORK (Reuters) -Mergers and acquisitions during the first half of this year were not what investment bankers had hoped for, but a burst of big deals in Asia and renewed optimism in U.S. markets could be paving the way for megadeals. Market uncertainties stemming from U.S. President Donald Trump's trade war, high interest rates and broader geopolitical tensions hampered — but did not completely derail — what bankers expected to be a blockbuster year for global M&A, dealmakers say. Trump's tariff policies, kicked off by his self-styled "Liberation Day" on April 2, cast a chill over the markets and pushed several deals and initial public offerings into subsequent quarters. "The expectation was we would see a lot of deal activity in the first half of 2025, and the reality is we didn't see it," said Tommy Rueger, global co-head of equity capital markets at UBS, which Dealogic ranked No. 9 in equity capital markets revenue, according to preliminary data from January 1 through June 27. Interviews with more than a dozen top bankers signal growing confidence that the worst of the market turbulence is over. Fresh record closing highs for the S&P 500 and Nasdaq indexes have helped renew optimism that M&A in the second half of the year will be even stronger, dealmakers say. "There were a lot of deals that were put on hold that will come back," said Ivan Farman, co-head of global M&A at Bank of America, which was ranked No. 3 in overall investment banking revenue and No. 5 for M&A in Dealogic's year-to-date rankings. "I'm optimistic about the second half." There is reason for optimism, dealmakers say, with the recovery in the markets and Trump's easier antitrust policies paving the way for bigger deals. "The probability of very large transactions, perhaps $50 billion-plus, has increased versus a year ago," said John Collins, global co-head of Mergers & Acquisitions at Morgan Stanley, which was ranked No. 4 in overall fee revenue among investment banks and No. 3 for M&A deals. Some $2.14 trillion in deals were signed from January 1 through June 27, up 26% from the same period last year. Part of that increase, however, came from Asia, where activity more than doubled to $583.9 billion. Deal activity in North America rose to $1.04 trillion from January 1 through June 27, up 17% from the first half last year, according to preliminary data from Dealogic. Market volatility, as measured by the VIX index, has dropped to levels that indicate investors feel safer to invest today. "It's been clear that momentum continues to build, paving the way for larger transactions. People are feeling more positive than they were a month ago and starting to implement their decisions," said Philip Ross, vice chairman of Jefferies bank. As the markets calm down, institutional investors are starting to jump back in to equities and more companies are moving forward with IPO plans that had been postponed earlier this quarter. 'The combination of all of those together has created, over the last three to four weeks, an incredibly strong new issue backdrop and we've seen a significant uptick in activity," Rueger said. Saadi Soudavar, head of equity capital markets for Europe, Middle East and Africa at Deutsche Bank, added: "Equity markets have shown a remarkable ability to shrug off a lot of the tariff and geopolitical related volatility." MORALE BOOSTERS A few big deals helped boost market morale at the height of tariff turmoil, including Global Payments' $24.25 billion acquisition of a card processing and account services firm in April. Charter Communicationsin May agreed to buy privately held rival Cox Communications for $21.9 billion. And U.S.-based equipment manufacturer Chart Industries and Flowserve Corp agreed to merge, valuing the combined company at about $19 billion. There were 17,528 deals signed during the first half of this year, compared with 20,583 deals in the same period last year, according to Dealogic. But this year's deals were bigger in size, pushing the total value of deals higher. There was a 62% increase in the number of $10 billion-plus deals versus the same period last year, the data shows. Dealmaking in Asia was a bright spot. Overall M&A activity rose to $583.9 billion in the first six months, up from $269.9 billion a year ago. Led by Japan and China, the region accounted for 27.3% of the global M&A activity, gaining more than 11 percentage points from the same period last year. Some of the region's biggest deals were kept within the Asia-Pacific region. Toyota Motor announced plans on June 3 to take one of its suppliers private for $33 billion. On June 16, a consortium led by Abu Dhabi's National Oil Company (ADNOC) launched an $18.7 billion all-cash takeover of Australia's second-largest oil producer Santos. Asia also helped drive global equity issuance higher despite the market volatility, with overall volume rising nearly 8% to $350 billion from the same period last year. "You will see more Asia-to-Asia activity," said Raghav Maliah, global vice chairman of investment banking at Goldman Sachs, which was ranked No. 2 in overall investment banking fees and No. 1 in M&A revenue. "Japan has been a big driver in all the deal volumes (in Asia) and we do believe that trend will continue." 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Yahoo
21-06-2025
- General
- Yahoo
Construction Workers Discover Medieval Weapon in River
A 1,000-year-old medieval weapon was unearthed by unknowing construction workers, Ancient Origins reported. Workers dredging the Korte Linschoten River in Utrecht, Netherlands, discovered a medieval sword, dubbed the 'Sword of Linschoten,' which measured roughly 3.2 feet long and bore features synonymous with 11th and 12th century weapons. Archaeologists believe the sword "was forged between approximately 1050 and 1150 [A.D.],' likely in the city of Montfoort. They say it was 'exceptionally well' preserved thanks to the oxygen-poor clay in which it was interred. "This isn't just a weapon, it's a message in iron, preserved by the earth for nearly a millennium," a spokesperson for Montfoort said. Researchers posit that the sword was intentionally left in the river as a ceremonial offering, as it showed no signs of being used or stored in a scabbard. It could have been part of a ceremony to honor a deceased soldier from the community. This was a common ritual during medieval times, as swords were then seen as a symbolic spiritual gesture as much as a show of strength. Following 10 weeks of painstaking restoration to ensure the weapon's preservation after exposure to air, the sword was put on display for the public. It will remain part of the Acquisitions showcase at the Museum of Antiquities in Leiden until August. "Its refined craftsmanship and symbolic depth make it not only a historical relic, but also a work of art that reflects the cultural complexity of early medieval Europe," a Montfoort spokesperson said. Related: Archaeologists Find Grisly Evidence of Medieval Public Punishment Construction Workers Discover Medieval Weapon in River first appeared on Men's Journal on Jun 18, 2025
Wall Street Journal
14-06-2025
- Business
- Wall Street Journal
These Charts Show Why Wall Street's Gloom Over Deals Is Overblown
Wall Street bankers who were bemoaning a slowdown in deals are finding themselves now looking at a reasonably solid year. Maybe. The mood in M&A circles has been lukewarm under President Trump despite a number of megadeals this year, including Google's $32 billion agreement to purchase the cybersecurity startup Wiz and Charter Communications's $22 billion deal for Cox Communications. The damped enthusiasm is partly a result of dashed hopes: Many bankers had believed the Trump administration would usher in a surge in mergers and acquisitions after a relative lull in the past few years.
