(Bloomberg) -- The pace of merger and acquisitions is picking up as global markets’ confidence returns and the path for interest rates becomes clearer, Macquarie Group Ltd. Chief Executive Officer Shemara Wikramanayake said.Most Read from BloombergIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortJack Dorsey Leaves Bluesky Board, Calls X ‘Freedom Technology’At $2 Million Per Minute, Treasuries Mint Cash Like Never BeforeEx-Trump Controller Says Cohen Repaid From Personal AccountRussians A
The potential for protectionist policies to win out in U.S. and European Union elections this year is a risk for business and is being closely watched by global financial conglomerate Macquarie Group, its CEO Shemara Wikramanayake said on Tuesday. "The outcomes there could impact what we're seeing in the world, whether people are focused on multilateral relationships and trade or more inwardly focused," she said at the Macquarie Australia Conference in Sydney. Wikramanayake said it was likely incumbent Indian Prime Minister Narendra Modi would win re-election but European Parliament elections next month and U.S. elections in November were still up in the air.
(Bloomberg) -- Macquarie Group Ltd.’s earnings missed estimates as a plunge in profit from its commodities and global markets business dragged on the Australian firm’s performance.Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineApple Rallies on Upbeat Forecast, Record-Setting BuybackTurkey Confirms All Trade Halt With Israel Over War in GazaHuawei Secretly Backs US Research, Awarding Millions in PrizesTrump Auditions VP Picks Before Wealthy Donors in Palm Be