Wednesday, December 25, 2024
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Gary Cohn says Fed rate cuts already priced into mortgage market

(Bloomberg) — The Federal Reserve’s expected rate cuts this week won’t provide much relief to homebuyers facing high borrowing costs, according to Gary Cohn,...

Alcoa to Get $1.1 Billion for Stakes in Saudi Aluminum Plants

(Bloomberg) -- Alcoa Corp. will receive $1.1 billion in cash and stock in Saudi Arabian Mining Co. as part of a deal that will...

Expats Paying $33,000 School Fees Fuel Rise of Dubai Billionaire

(Bloomberg) -- At GEMS World Academy in Dubai, kindergarteners have access to iPads and students spend time at the school’s 70-seat planetarium. That all...

Funds Pour Into Southeast Asia as Rate-Cut Cycle Gets Underway

(Bloomberg) -- Global funds are snapping up Southeast Asian assets as the prospect of interest-rate cuts and attractive valuations holds out the promise of...

Softbank-Backed Swiggy Said to Eye India IPO Filing This Week

(Bloomberg) -- Indian food-delivery platform Swiggy Ltd. is considering filing publicly for its domestic initial public offering as soon as this week, people familiar...

Travel Chaos Spreads in Central Europe After Heavy Flooding

(Bloomberg) -- Days of unrelenting rains, widespread flooding and high winds in central and eastern Europe are increasingly playing havoc with rail transportation and...

Chinese Stock Traders Ponder Just How Bad the Economy Can Get

(Bloomberg) -- A slew of poor economic data from China is deepening pessimism among equities traders wondering what it’d take for authorities to initiate...

Temasek Said to Near Stake Purchase in Blackstone-Owned VFS

(Bloomberg) -- Temasek Holdings Pte is nearing a deal to buy a significant minority stake in VFS Global, according to people familiar with the...

Australian Boomers Retiring With Less Than Half the Money Needed

(Bloomberg) -- About two thirds of Australian baby boomers leaving the workforce don’t have enough pension savings to retire comfortably, according to research from...

World Braces for Fed Easing Amid 36-Hour Rate Rollercoaster

(Bloomberg) -- The world economy’s tectonic plates will shift this week when a US easing cycle begins, just as officials from Europe to Asia...

Peru to Take Over Petroperu’s Remaining Debt Payments This Year

(Bloomberg) -- The Peruvian government announced an aid package for ailing state-owned company Petroleos del Peru SA on Saturday, putting the state on the...

Axel Springer, KKR Near Deal on €13.5 Billion Breakup, FT Says

(Bloomberg) -- German billionaire Mathias Döpfner and KKR are nearing a deal to split up the media giant Axel Springer, the Financial Times reports.Most...

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