European companies emboldened to spend their large cash balances on U.S. rivals have boosted global deal volumes by 60 percent so far in 2014, just as new government rules look set to dampen U.S. companies' deal making abroad aimed at cutting taxes. After several years of economic stagnation, European chief executives are feeling more confident that the crisis is behind them. Keen to purchase growth in an anemic economy and capitalize on cheap financing and ample cash reserves, they are pulling the trigger on deals in the faster-growing American economy."In a world where Europe is slow, China is slowing, and the U.S. is actually accelerating, you want to be in the U.S. European companies realize they are underinvested in the best part of the world for the next several years," said Michael Santini, global head of Deutsche Bank AG's industrials group.Global mergers and acquisitions have surged to $2.66 trillion year to date, up 60.1 percent from the same period last year, according to Thomson Reuters data as of September 26. That was the highest level since 2007, when deal volume hit $3.2 trillion.The volume of cross-border transactions is up 119 percent, passing the $1 trillion mark for the first time since 2007 and accounting for nearly 40 percent of total deals globally. In the year-ago period, cross-border deals made up just 29 percent of global activity.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.06% or $0.02/share to $36.28. In the past year, the shares have traded as low as $33.21 and as high as $38.73. On average, 653936 shares of TRI exchange hands on a given day and today's volume is recorded at 577648.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.1% or $-0.04/share to $40.45. In the past year, the shares have traded as low as $35.07 and as high as $42.10. On average, 637151 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 451392.
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