Southern Water Hit by Downgrade as Debt Costs Surge
Southern Water Ltd was forced to suspend dividend payments until at least 2025 as Fitch downgraded its debt and borrowing costs surged.
Bloomberg Business
European Stocks Trim Weekly Drop as Traders Mull Rates Outlook
European shares trimmed their weekly decline slightly on Friday as investors assessed how the latest US jobs data will affect Federal Reserve monetary policy.
Ghana Banks Push for Better Deal in Cocoa Bills Restructure
Ghana’s banks are pushing the government for better terms in restructuring their cocoa debt holdings, as part of negotiations where success is important for goals set for the country by the International Monetary Fund.
Rate Hike Seen by All Canada’s Big Six Banks on Strong Jobs Data
All six of Canada’s main commercial lenders now expect the Bank of Canada to raise interest rates next week after the country’s labor market tripled expectations in June.
AI Tool Shows Promise For Treating Brain Cancer, Study Finds
An artificial-intelligence tool has shown promise at helping doctors fight aggressive brain tumors by identifying characteristics that help guide surgery.
Said Haidar’s Hedge Fund Surges 27% in June After Months of Losses
Said Haidar, the hedge fund manager known for his stunning gains and losses, is making money once again.
Rebooting Research Fees Will Pose a New Test for City of London
The finance industry spent billions of dollars and years dismantling their research businesses to adapt to the European Union’s sprawling market reforms known as MiFID II. Now the UK and the EU itself look set to reverse at least some of those requirements — but it won’t be simple.
Chile’s Prices Unexpectedly Fall, Paving Way for Rate Cut
Chile’s consumer-price index unexpectedly fell in June, fueling bets that the central bank will start lowering its benchmark interest rate later this month.
JPMorgan Doubts That the Approval of a US Bitcoin ETF Would Be a Game-Changer
Should a exchange-traded fund that invests directly in Bitcoin receive approval in the US, it won’t be the game-changer for crypto markets that many digital-asset advocates have long predicted.
For $3,000 You Too Might Snag a Full-Time Work-From-Home Job
A cottage industry of career coaches who assist job seekers land WFH gigs has flourished amid fierce competition for remote work.
