Adler Ramps Up Sales, Plans Expensive Debt to Shore Up Financing
Adler Group SA sold a portfolio of apartments and co-living units in Berlin and plans to raise expensive new debt as the embattled landlord continues to shore up its finances.
Bloomberg Business
The Mighty American Consumer Is About to Hit a Wall, Investors Say
Key engine of US growth is poised to sputter in early 2024, according to survey respondents.
Malaysia Plans to Introduce Ban on Exporting Rare Earth Minerals
Malaysia plans to ban exports of rare earth raw materials, according to Prime Minister Anwar Ibrahim, becoming the latest country seeking to restrict shipments of materials that are in high demand for the green energy transition.
Hedge Funds Turn Most Bearish on Euro Since January Ahead of ECB
Hedge funds have turned the most negative on the euro since the start of the year ahead of a watershed European Central Bank decision this week that could see policymakers break their cycle of interest-rate hikes.
Ukraine Says Black Sea Platforms Used by Russian Forces Captured
Ukraine’s military intelligence service said its forces regained control of several drilling platforms in the Black Sea that were used by Russia for stationing helicopters and radar activity.
Flopped Listings Leave Latin American Firms Orphaned in the US
Investment bankers came up with an irresistible pitch about six years ago to entice Latin American companies to list in the US — the deep pockets of investors and their familiarity with new economy stocks.
Hunt Sees Little Room for UK Tax Cuts in Autumn Statement
Chancellor of the Exchequer Jeremy Hunt said the UK Treasury is “unlikely” to have any extra headroom for tax cuts or other giveaways in the autumn statement because soaring interest rates have blown a hole in the public finances.
UK Needs Chinese Batteries to Get to Net Zero, Badenoch Says
The UK is kicking in support toward BMW AG making electric Minis in Oxford without insisting that batteries are sourced locally, Business Secretary Kemi Badenoch said, in candid comments on the auto industry’s reliance on China.
Thousands of UK Jobs Lost as Wilko Rescue Deal Collapses
Thousands of staff at UK discount retailer Wilko Ltd. are set to lose their jobs after a rescue deal collapsed.
South Sudan Walks Back Plan to Take Over Oil Fields by 2027
South Sudan needs more investment before it can take over oil fields from private operators and should renew contracts with the companies that expire in 2027, according to a national planning body.
