AGP Executive Report
Last update: 11 hours agoDeal-Making: Battery maker EnerSys plans to buy Ultralife for $320 million, expanding its defense power business; the deal offers Ultralife shareholders a 166% premium to its Oct. 26 closing price. Digital Growth: Malaysia’s digital economy is forecast to reach $48 billion this year, growing 20%—the fastest pace in Southeast Asia alongside Vietnam—with nearly half of AI use coming from businesses. Hitachi also plans to combine two U.S. units into a global digital services company in 2027. Trade: Mexico and the U.S. are weighing a deal before November’s midterm elections, with Mexico seeking tariff cuts for autos, steel and aluminum. Separately, China’s zero-tariff policy is expected to open new export opportunities for African businesses. Costs and Investment: Kenanga Investment Bank raised Malaysia’s 2026 producer-price growth forecast to 7.4%, citing energy-market risks. In the U.K., the Budget raises the business-rates relief threshold for high-street retail, hospitality and leisure firms, while businesses say broader cost pressures remain. The government also pledged £20.4 billion for the National Wealth Fund and British Business Bank to support investment and jobs.
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