JAB to Split NVA Veterinary Business Into Two Units
JAB’s National Veterinary Associates is splitting into two separately-managed pet hospital businesses, the company said in a statement.
Bloomberg Business
Morgan Stanley Strategist Says Earnings Are Next Risk to Equities
Morgan Stanley’s Michael Wilson — among the most prominent bearish voices on US stocks — says turmoil in the banking sector has left earnings outlooks too high, putting sanguine stock markets at risk of sharp declines.
World Bank Warns of ‘Lost Decade’ as Potential Growth Slows
The global economy’s potential growth through the end of the decade has slowed to the weakest in 30 years, the World Bank said, citing fallout from the coronavirus pandemic and the conflict in Ukraine.
Five Key Charts to Watch in Global Commodities This Week
Nickel on the London Metal Exchange finally resumed Asian-hours trading on Monday, marking a crucial step in efforts to repair the market after last year’s turmoil. Here are five notable charts to monitor in global commodities this week.
Cineworld Lenders Plot Management Handover Amid Buyer Interest
Cineworld Group Plc’s lenders have begun a search for a new management team as they settle final details to bring the world’s second-largest movie theater chain out of bankruptcy.
Nigeria Dispenses Banknotes to End Three-Month Cash Crunch
Nigeria’s central bank increased the supply of banknotes to lenders to end shortages that have hampered individual and business transactions and crippled the cash-based economy since January.
Abu Dhabi AI Firm IPO Gets $26 Billion in Orders
Presight AI Holding Plc, a data analytics firm owned by Abu Dhabi’s G42, drew orders worth $25.8 billion for its $496 million IPO, in the latest sign of strong demand for Middle Eastern offerings.
Israeli Workers Seek to Cripple Economy Over Judicial Overhaul
Israel’s biggest labor group triggered one of the most widespread strikes in the country’s history to paralyze the economy and pressure Prime Minister Benjamin Netanyahu to halt a plan to dramatically weaken the judiciary.
Nigeria’s Ruling Party Sweeps Parliament, Governorships in Votes
Nigeria’s ruling party looks set to retain its dominance of the country’s political offices after elections held in recent weeks.
Cinven Skips Debt Market and Will Buy MBCC Unit With Equity
UK buyout firm Cinven has decided against using borrowed money to purchase a building-materials business, according to people familiar with the matter. It’s an unusual move in the private equity world that in part reflects the turmoil in the banking industry and leveraged-finance markets.
