Commercial real estate owners, battered by higher interest rates, are grappling with another big challenge in Canada: a property tax system that’s increasingly tilted against them, according to a report by Altus Group Ltd.
Metro Bank Holdings Plc said it has secured sufficient consent from its bondholders to extend its senior debt and restructure its junior notes as part of a rescue deal agreed over the weekend.
The turmoil gripping real estate issuers has serious implications for Europe’s €1.7 trillion ($1.8 trillion) market for ESG bonds.
UBS Group AG has imposed a work-related travel ban on its staff within the Middle East and postponed a wealth management event that was due to take place in Qatar this month as a conflict between Israel and Hamas militants escalates.
Federal Reserve Governor Michelle Bowman said interest rates may need to rise further and stay higher for longer than previously expected to get inflation down to the central bank’s goal.
Nearly three out of four organizations said return-to-office policies could prompt boardroom battles, according to a new survey of US workplace leaders, showing how senior management doesn’t always see eye to eye on the issue.
Direct-lending giants are forgoing a chunk of profit on “evergreen” funds as they look to build their share of the $1.5 trillion market.
NATO Secretary General Jens Stoltenberg cautioned that any deliberate damage to the alliance’s critical infrastructure would warrant a response after an undersea gas pipeline was ruptured in a suspected act of sabotage in Finland.
The wealthy shoppers who fueled LVMH’s rise to Europe’s most valuable company and made its founder the world’s richest man are showing signs of fatigue.
Jurors in the fraud trial of FTX co-founder Sam Bankman-Fried heard his ex-girlfriend Caroline Ellison explain how he allegedly arranged for billions of dollars in customer funds to back risky investments that led to the collapse of the cryptocurrency exchange.
