Bloomberg Business

The US energy patch is ripe for a takeover boom, as oil and gas producers flush with cash turn to dealmaking to find new sites to drill.

Teck Resources Ltd. shareholders are hours away from a vote that will decide the future of the storied Canadian miner as it seeks to fight off a takeover attempt by Glencore Plc.

(Bloomberg) — The German government raised its forecast for 2023 output for a second time and said Europe’s biggest economy will expand by twice as much this year as previously expected.

Maruti Suzuki India Ltd. reported a higher-than-expected quarterly profit as car sales recovered and supply chain disruptions eased. It also got in-principle board approval to add capacity of up to 1 million vehicles annually.

Oil dipped below $80 a barrel in London for the first time since March as investors considered the outlook for global demand amid concerns over the health of the economy.

Even after netting a tidy profit from the recent banking turmoil, Boaz Weinstein isn’t gloating. In fact, he says, the big gains for those wagering on a credit crunch are only just getting started.

Netflix Inc. lost more than one million users in Spain in the first three months of 2023 according to market research group Kantar, a sign that the streaming giant’s crackdown on password-sharing could face pushback.

Chile’s government gave the clearest sign yet that the state will play an active role in deciding how some of the world’s biggest lithium deposits will be developed in partnership with the private sector.