London Home Asking Prices Slide as Rate Rises Stretch Buyers
Homesellers in London cut prices more than any UK region in June as surging borrowing costs stretched affordability in the country’s most expensive property market, a survey found.
Bloomberg Business
Hearst Vies With BC Partners, Apax for Ascential’s $1 Billion Consumer Trend Unit
Hearst Communications Inc., the century-old media conglomerate, is among final bidders competing to acquire Ascential Plc’s consumer trend-spotting unit, people with knowledge of the matter said.
Warren Buffett Raises Stake in Five Japanese Trading Houses
Berkshire Hathaway Inc. raised its stake in five of Japan’s trading houses to an average of over 8.5%, in a move to double down on some of Warren Buffett’s favorite stocks.
Sartorius Plunges as Covid Lab Equipment Provider Cuts Forecasts
Sartorius AG shares plunged after the German maker of lab equipment for drugmakers cut its earnings forecast as demand weakens following the Covid-19 pandemic.
Singapore to End 3,000% Power Price Spikes That Sank Companies
Singapore plans to more aggressively regulate electricity markets as price jumps intensify, again threatening to hurt the retailers that sell it to businesses and households.
Polestar to Form $200 Million Software JV With Geely Firm to Keep Up in China
Polestar Automotive Holding UK Plc is setting up a $200 million software joint venture with tech company Xingji Meizu, also owned by parent Zhejiang Geely Holding Group Co., to keep up on digital features in China.
Stellantis Calls for Level Playing Field for Old, New Carmakers
Stellantis NV said legacy and new automakers should compete on the same terms following a squabble with France over where it expands output of the electric Peugeot e-208 and after European leaders flung open their doors to Elon Musk.
JPMorgan Strategists Say Stocks Face Risks From Stalling Growth
The rally in equities will come under pressure in the second half of the year if gains in growth shares stall and rotation into cyclicals doesn’t continue, according to JPMorgan Chase & Co. strategists.
Ermotti Suggests ‘Massive Downsizing’ Might Come to Credit Suisse’s Investment Bank
Credit Suisse Group AG may be due for a “massive downsizing” of its investment banking businesses after its takeover by UBS Group AG, Chief Executive Officer Sergio Ermotti said in an opinion piece published over the weekend.
Gold Miner Amman Mineral Raises $715 Million in Jakarta’s Top 2023 IPO, Sources Say
PT Amman Mineral Internasional, the owner of the second-largest gold and copper mine in Indonesia, raised about 10.73 trillion rupiah ($715 million) in an upsized initial public offering, according to people familiar with the matter.
