Bloomberg Business

Brookfield Property Risks Being Cut to Junk on Refinancing Needs

S&P Global Ratings said it is considering cutting Brookfield Property Partners to junk status because the commercial property company has “substantial” amounts of maturing debt to refinance during a time of higher interest rates and lower property values.

Fake Mansions and Rent-Stabilized Units Emerge in Trump Trial

A longtime executive of Donald Trump’s real-estate company admitted that he regularly included fake mansions and valued rent-stabilized apartments as market rate when calculating the former president’s net worth, wrapping up the first week of the civil fraud trial in Manhattan.

Australia LNG Workers Set to Resume Strikes as Prices Rise

Workers at Chevron Corp. liquefied natural gas facilities in Australia plan to resume strikes, sending prices higher on the threat of tighter supplies as the winter heating season approaches in the Northern Hemisphere.

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