Macy’s to Triple Small-Format Store Count in Move Away from Malls
Macy’s Inc. will open 30 new small-format stores by the fall of 2025 as it works to expand its presence outside of traditional malls.
Bloomberg Business
Tory Latest: Sunak to Show Cabinet Plan to Halt HS2 Northern Leg
Rishi Sunak will present his plan to halt the Birmingham-Manchester section of the HS2 high-speed rail line to Cabinet later on Tuesday, a person familiar with the matter said.
KLK Says $243M Deal With Boustead Pending Final Decision
Kuala Lumpur Kepong Bhd., Malaysia’s third-largest listed palm oil planter, said a decision on its proposed 1.15 billion ringgit ($243 million) deal to raise its stake in Boustead Plantations Bhd. has not been finalized.
Russia’s Main Budget Goal Is Battlefield Victory, Finance Chief Says
Russia’s budget, under which the nation will spend more on its military than social policies next year, is oriented toward one main goal — victory in the war on Ukraine, according to the country’s finance minister.
Singapore Mulls Family Office Rules as Launderer Ties Probed
Singapore is investigating the role that some single family offices played in one of the city’s largest money laundering cases and weighing further rules on the sector.
Private Markets Are Humming While Europe’s IPOs Linger
Private markets are keeping Europe’s investment bankers busy while they wait for a stronger return of initial public offerings in the region.
Poland Bonds Remain the ‘Bunds’ of Central Europe, Debt Chief Says
Poland may return to international bond markets before the year-end in an effort to pre-finance a surge in 2024 borrowing needs, according to the country’s debt chief.
Sunak Faces Backlash as He Prepares to Trim High-Speed Rail Plan
Prime Minister Rishi Sunak is facing a growing backlash from politicians and businesses as he prepared to present his Cabinet plans to halt the northern leg of the flagship HS2 high-speed rail project.
Tycoon Agarwal’s Plan to Overhaul Vedanta Gets Cautious Shareholder Welcome
Shares of Anil Agarwal’s Vedanta Ltd. rose Tuesday, the first trading day after the Indian tycoon announced an overhaul of his sprawling metals-to-oil empire, despite lingering concerns over the group’s multibillion dollar debt burden.
Tiger Woods-Backed Golf League Signs Sponsorship Deal With SoFi
SoFi Technologies Inc. reached a sponsorship deal with Tiger Woods and Rory McIlroy’s technology-focused team golf league and will lend its name to yet another sports venue.
