AustralianSuper Pty, the country’s largest pension fund, is facing further losses on US property assets as a lender prepares to take back a vacant Washington, DC office tower it owns with Brookfield Corp.
The New York and Sao Paulo campuses of the elite Avenues school will be acquired by Nord Anglia Education, according to an email sent to parents Tuesday.
Banks globally reaped a $280 billion profit boost in 2022 thanks to rising rates, in the sector’s best performance since the 2008 global financial crisis, McKinsey & Co. said.
Stocks rose and Treasury yields fell after comments from Federal Reserve officials bolstered speculation the central bank is heading toward another pause in interest-rate hikes. Oil edged lower, following its biggest rally since April.
Canada’s national police force has opened an investigation into the Ontario government’s decision to allow tracts of protected land near Toronto to be used for housing, creating new political pressure for Premier Doug Ford.
Emerging-market assets rallied Tuesday as investors weighed the implications of the conflict in the Middle East against an easing of pressure on the US Treasury market.
Federal Reserve Bank of Minneapolis President Neel Kashkari said he wasn’t yet convinced that a surge in long-term Treasury yields would lessen the need for further rate hikes, saying it depends on what is driving the recent rise in borrowing costs.
Bank of Montreal said that Dan Barclay, chief executive officer of BMO Capital Markets, is retiring from the position, to be replaced by the head of global investment and corporate banking, Alan Tannenbaum.
European Commissioner Thierry Breton warned Elon Musk that his X social network is spreading illegal content and disinformation related to the Israel-Hamas war and called on him to take quick action.
The travel boom that made Mexico one of the world’s top tourist destinations during the pandemic is coming to a halt as the appreciation of the peso increases travel costs, while making Mexicans opt to go abroad during vacation months.
