Private credit behemoths including Blue Owl Capital and Oak Hill Advisors are providing a record $4.8 billion fully funded direct loan as part of Vista Equity Partners’ refinancing of fintech firm Finastra Group Holdings Ltd.’s debt, people with knowledge of the matter said.
Typhoon Lan reached the coast of central Japan early Tuesday, grounding flights and halting trains as residents braced for heavy rain, flooding and landslides.
Germany will speed retirement of its two Airbus A340 government aircraft after one of the long-range jets broke down twice en route to Australia, forcing Foreign Minister Annalena Baerbock to cancel her week-long trip to the Pacific region.
Target Corp.’s results have been deteriorating since last year, and the retailer is likely to add to investors’ concerns on Wednesday when it’s expected to report its first sales decline in four years.
An adviser to China’s central bank says the top priority for policymakers needs to be stimulating household consumption, comments that come amid further signs the economic recovery is faltering.
Investor confidence in Germany’s economy improved only slightly, underlining its struggles to regain momentum after a recession.
Developers are planning a vast Stockholm eco-district even with the property sector in turmoil, saying the bigger risk would be dialing back on sustainability.
The fast-moving fire that ripped through Maui’s historic town of Lahaina killed more than 90 people, making it the deadliest US wildfire in more than a century. The cause of the blaze is still under investigation, but power equipment in the area is coming under increasing scrutiny.
Turkey’s public budget swung to a surplus in July, after tax increases on a wide range of essential goods boosted the government’s revenues.
Ares Management Corp. is considering loosening ties with Crystal Palace FC as it explores an investment in rival British football club Chelsea FC, people with knowledge of the matter said.
