On a quiet back street sandwiched between Mayfair’s Grosvenor and Berkeley Squares in London’s West End, the door to 11 Mount Row bore signs of forced entry, its black paint pierced by a battering ram. Temporary padlocks had been installed to secure it.
Sweden’s Riksbank raised borrowing costs and pledged accelerated bond sales, a response to stubborn inflation and a weak currency that’s seeking to limit fallout on a vulnerable real estate sector.
Libor, the more than 50 year-old reference rate that came to epitomize Wall Street malfeasance, will soon be no more.
Philippine President Ferdinand Marcos Jr.’s market-friendly policies helped boost local shares in his first year in office, leading to gains of more than 5% since June 2022. The Southeast Asian nation’s aggressive growth targets and careful planning by the central bank in terms of when to hike rates helped the economy expand at a faster-than-expected pace in the first quarter.
China has passed a sweeping foreign policy law that bolts together a slew of existing tools to counter Western powers, and extends President Xi Jinping’s combative stance on asserting Beijing on the world stage.
President Vladimir Putin continued efforts to reassert his authority and project a sense of business as usual after the mutiny by Wagner mercenaries that threatened his nearly quarter-century rule in Russia.
More Chinese are seeing their incomes dropping now and expect housing prices to fall in the coming three months, a worrying sign for the struggling economy as it will likely undermine housing demand and hurt construction activity.
Some 2.2 million people moved to the Southeast in just over two years. That’s roughly the population of Houston.
Mentions of Pride Month were down on earnings calls and in filings for the first time in five years.
Authentic Brands Group Inc. has raised $500 million from growth-equity investor General Atlantic.
