US Oil Drillers Push the Limits Sideways
As US explorers bore horizontal holes longer than 50 football fields to extract hard-to-reach crude, the costs and challenges mount.
Bloomberg Business
The Bond Market Has Never Sounded Recession Alarms for This Long
The US bond market hasn’t flashed recession warnings so consistently for so long in at least six decades.
CVC Said to Select Banks for IPO of Perfume Retailer Douglas
CVC Capital Partners has picked a large roster of banks for a planned initial public offering of Douglas that could value the German perfume retailer at €9 billion ($9.7 billion) or more, people with knowledge of the matter said.
Modi to Open Controversial Temple, Keeping Decades-Old Vow
Indian Prime Minister Narendra Modi is poised to open a Hindu temple in January where a centuries-old mosque once stood, achieving a pledge made by his nationalist party and that’s now aimed at reinvigorating his base ahead of elections next year.
French Startup Raises €2 Billion for EV Plant in Macron Win
French battery startup Verkor raised more than €2 billion ($2.2 billion) to fund a factory in northern France as President Emmanuel Macron steps up efforts to attract electric-vehicle investments and better compete with China and the US.
Luxury Sector Cut at Barclays, Deutsche Bank on China Woes
Luxury-goods companies face the risk of disappointing sales growth in China that will weigh further on their stock prices, Barclays Plc and Deutsche Bank AG said, cutting their ratings on the industry.
Euro Junk Bond Market Suffers First Pulled Deal in Nearly a Year
Europe’s rejuvenated junk debt market just had a wake-up call, with the first shelved offering in almost a year.
Turkey’s Erdogan Continues Revamp as Several Advisers Stand Down
More than 10 senior advisers to Recep Tayyip Erdogan stepped down this week, according to people familiar with the matter, as Turkey’s president continues to revamp his administration following his re-election in May.
Lidl Falls to a £76 Million Loss Amid UK’s Supermarket Price War
Discount supermarket Lidl swung to a £76 million ($95 million) loss in Britain as it held down prices and grew market share in the country’s fiercely competitive grocery sector.
Fiscal Policy Is Bigger Bond Risk Than Fed, Pimco’s Clarida Says
Fiscal policy risk is more likely to drive up US bond yields than further tightening from the Federal Reserve, said the central bank’s former vice chair Richard Clarida.
