Macquarie Weighs Sale of $1.5 Billion India Road Contract
Macquarie Group is considering selling a portfolio of nine highway projects in India and may seek at least $1.5 billion, according people familiar with the situation.
Bloomberg Business
Russian Volcano Eruption Spews Ash, Prompts Air Travel Warning
A major volcanic eruption in Russia’s Kamchatka Peninsula on Tuesday spewed ash hundreds of kilometers across the remote far eastern region and prompted warnings of a risk to air travel.
Normal Monsoon Forecast Eases India Crop and Growth Concerns
India, which relies on rain for the vast share of its water, forecast that the monsoon will be normal this year, potentially bolstering the outlook for agriculture production and economic growth.
Biggest UK Business Lobby Fires Chief After Misconduct Probe
The Confederation of British Industry fired its director general, Tony Danker, after Britain’s biggest business lobby group was rocked by a slew of sexual misconduct allegations.
OPEC+ Succeeds in Banishing Short-Sellers With Surprise Oil Cut
OPEC+ is winning its war against short-sellers.
Sweden’s Biggest Pension Fund Ousts CEO After $2 Billion Losses on US Banks
Alecta’s Chief Executive Officer Magnus Billing was forced to step down after Sweden’s biggest pension fund became one of the largest overseas casualties of the meltdown at Silicon Valley Bank.
KKR Bets on $1.4 Billion Fortune 500 Adviser FGS Global
KKR & Co. agreed to buy a minority stake in FGS Global, continuing a trend of private equity funds betting on communications advisers amid rising demand for their services from companies, governments and financial institutions.
Buffett’s $4.5 Billion Japan Gain Spurs Hunt for More Bargains
It’s easy to see why Warren Buffett has a soft spot for Japan.
OVH Founder in Talks to Buy Qwant to Revive Google Alternative
The founder of French cloud provider OVH Groupe SAS is seeking to buy the Qwant SAS search engine, in a bid to revive the quest for a European rival to Google and Bing that “respects privacy.”
Russia’s Diving Oil Exports Suggest Output Cut Beginning to Bite
Crude flows saw their biggest weekly drop since December
