Landlords With $1.2 Trillion of Debt Face Rising Default Risks
About $1.2 trillion of debt on US commercial real estate is “potentially troubled” because it’s highly leveraged and property values are falling, according to Newmark Group Inc.
Bloomberg Business
Petrobras Gets Help From Brazil’s Attorney General to Explore the Amazon
Brazil’s government may have lifted one of the key hurdles for Petrobras to drill at a promising offshore oil region, a move that could escalate a standoff between the oil company and environmental authorities.
Taiwan Plans Smallest Rise in Military Spending in Six Years
Taiwan plans to increase its military spending next year by the smallest percentage since 2018, even as Beijing ramps up its military pressure on the self-ruled island it considers its territory.
Farage Slams NatWest’s Failure to Dock Former CEO’s £2.4 Million Payout
NatWest Group Plc said it had yet to make any decision on whether to claw back the pay of its former Chief Executive Officer Alison Rose after she stepped down last month in the wake of a row over the way the British bank closed the accounts of politician-turned-pundit Nigel Farage.
Estonian Premier Rebuts Criticism Over Husband’s Business Links
Estonian Prime Minister Kaja Kallas, one of the European Union’s staunchest critics of the Kremlin, pushed back against mounting criticism over her husband’s links to a logistics company that has made deliveries to a client in Russia.
Russia Relaxes Foreigner Dividend Limits But With Big Caveat
Russia is lifting restrictions on dividend payments for foreigners investing into the country’s economy, partly unwinding limits that were imposed soon after the Kremlin began its war in Ukraine.
Laszlo Birinyi, Who Pioneered Money Flow Analysis, Dies at 79
Laszlo Birinyi, the investment adviser who created an analysis for using money flows to determine likely stock moves, has died. He was 79.
US Payrolls Were Likely 306,000 Lower Than Previously Estimated
US job growth was probably less robust in the year through March than previously reported, according to government data released Wednesday.
Zimbabwe’s Stock Market Rises Ahead of Vote, Bucking EM Trend
Zimbabwe’s stock market is bucking the trend for bourses in emerging markets to sink in August after investors clamored to buy shares ahead of elections on Wednesday.
Modi Floats BRICS Space Group as Chandrayaan-3 Lands on Moon
Indian Prime Minister Narendra Modi suggested the creation of a BRICS space consortium, hours before a spacecraft from the South Asian nation landed near the moon’s south pole.