For all the uncertainty on financial markets surrounding the U.S. Federal Reserve's decision to put off a rise in interest rates, investors bet it will keep the music playing for corporate deal activity.Worldwide mergers and acquisitions have hit $3.1 trillion year-to-date, according to Thomson Reuters data, just 0.9 percent shy of 2007's record over the same period. Cheap central-bank funding, corporate cash piles in the trillions of dollars and a benign economic environment have all played a part.While deal hopes failed to prevent a bruising stock-market sell-off on Friday, they may prove more buoyant further out. "The Fed's decision to hold off on the rate rise will be good for M&A in general as it will keep borrowing costs cheaper for longer," said Tom Cooper, co-chairman of global M&A at Deutsche Bank, adding that emerging markets were especially vulnerable to a continued tightening of U.S. monetary policy.
Thomson Reuters Corporation is a provider of intelligent information for businesses and professionals. Shares of TRI fell by 0.17% or $-0.07/share to $39.93. In the past year, the shares have traded as low as $34.88 and as high as $42.64. On average, 931873 shares of TRI exchange hands on a given day and today's volume is recorded at 1151687.
Thomson Reuters Corporation is a provider of intelligent information for businesses and professionals. Shares of TRI traded higher by 0.02% or $0.01/share to $52.75. In the past year, the shares have traded as low as $39.45 and as high as $54.47. On average, 884010 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 3790119.
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